KUALA LUMPUR: TA Global Bhd, a 63.08%-owned subsidiary of TA Enterprise Bhd, will turn two plots of land in Jalan P Ramlee here known as TA3 and TA4 that are currently used as car parks, into two commercial tower blocks, said its group managing director and chief executive officer Datin Alicia Tan Kuay Fong.

KUALA LUMPUR: IGB Real Estate Investment Trust’s (IGB REIT) unit price has recovered from a low of RM1.12 in January to RM1.22 at last Friday’s closing — yet it was still trading 2.4% below its initial public offering (IPO) price of RM1.25.

KUALA LUMPUR: Property developer Eco World Development Group Bhd is tipped to win the RM7 billion redevelopment project of the Pudu Jail land in Kuala Lumpur, a prized UDA Holdings Bhd property that bumiputera firms say should only be developed by them.

KUALA LUMPUR: The International Architecture, Interior Design and Building Exhibition Malaysia (Archidex) will be holding its 15th installation from June 25 to 28 at the Kuala Lumpur Convention Centre.“This year Archidex marks a milestone for us as we celebrate our 15th instalment of a hugely successful exhibition that has grown in size, strength and influence,” said Datuk Vincent Lim, presiden

KUALA LUMPUR: Singapore-based Oxley International will launch Phase 2A of its London development, Royal Wharf at its office in Menara Atlan, Jalan Ampang today.It follows the successful launch of Royal Wharf, a residential centrepiece of London’s Royal Docks.“The market response for Phase 1 of our Royal Wharf launch has been extremely encouraging and we are expecting a significant amount of int

KUALA LUMPUR: Quill City Mall, a new shopping mall in Jalan Sultan Ismail that is due for a soft opening later this year has signed on leading general mechandise store-cum-supermarket chain AEON as its anchor tenant. “Quill City Mall will probably be the last of the major downtown shopping centres in KL.

SINGAPORE: Landmarks Bhd will launch the first phase of its Treasure Bay Bintan in Bintan, Indonesia in the fourth quarter (4Q) of this year.The development, which consists of several themed resorts and other components, sits on 338ha of leasehold land and has an estimated gross development value (GDV) of US$3.5 billion (RM11.27 billion).

KUALA LUMPUR: Hap Seng Consolidated Bhd’s unit, Hap Seng Properties Development Sdn Bhd, has entered into two separate sale and purchase agreements to dispose of two parcels of leasehold land in Sabah for RM278 million.

“The proposed disposals are in the ordinary course of business of the vendor which is a company principally involved in property development.

KUALA LUMPUR: KPJ Healthcare Bhd expects to spend RM1 billion to construct nine new hospitals over the next five years, said its president and managing director Amiruddin Abdul Satar.

KUALA LUMPUR: Kimlun Corp Bhd is projecting an internal net profit growth of 10% to 15% for the financial year ending Dec 31, 2014 (FY14), driven by its record outstanding construction/manufacturing order book of RM2.09 billion as at March 31, 2014.