KUALA LUMPUR (Mar 16): Property developer Gabungan AQRS Bhd has teamed up with Suria Capital Holdings Bhd to jointly develop a mixed development dubbed "One Jesselton Waterfront" in Kota Kinabalu, Sabah, which will have a net sale value (NSV) of RM1.8 billion.
 

KUALA LUMPUR (March 16): Property developer KSL Holdings Bhd announced a dividend payout policy, involving at least 40% of its annual net profit from operations which excludes fair value gains.

In a filing with Bursa Malaysia today, KSL (fundamental: 2.6; valuation: 1.8) said the dividend policy would take effect from financial year ending December 31, 2015.

PETALING JAYA: Mapex Property Showcase 2015, organised for the first time by Rehda Youth, the youth arm of the Real Estate & Housing Developers’ Association Malaysia, generated sales of RM33.4 million over the five days of the event held in 1 Utama Shopping Centre.

KUALA LUMPUR: Australian developer Salta Properties Pty Ltd opened its first representative office and showroom in Kuala Lumpur to engage with existing and potential clients in the Asean region.

The privately-owned developer officially opened the office and showroom on Wednesday.

KUALA LUMPUR: Healthcare, public transport and education capacity are the major issues in turning Kuala Lumpur into a sustainable city as the population is expected to increase more than 60% to 10 million in 2030, according to Amsterdam-based global natural and built asset design and consultancy firm Arcadis.

KUALA LUMPUR: Australian-based Lend Lease Corp Ltd will launch West Grove, the second phase of the Elephant Park regeneration project in London, the United Kingdom, at The Westin Kuala Lumpur this weekend.

KUALA LUMPUR: An estimated RM600 million worth of related mortgage financing from Malaysians for purchase of primarily property investments in London, in the United Kingdom, has retained the city’s supremacy as the most popular destination amongst ultra-high-net-worth individuals (UHNWI), according to Malayan Banking Bhd (Maybank) head of high net worth and affluent banking Eunice Chan at the K

BANGKOK: Thailand-based Minor Hotel Group Ltd (MHG) has announced a collaboration with Dubai Properties Group (DP) to develop a new Anantara hotel in Dubai, United Arab Emirates (UAE). Named Anantara Dubai Creek Hotel, it is scheduled to open in early 2018.

ON the back of economic uncertainty caused by the recent plunge in crude oil prices and the weakening of the ringgit, demand for office space is anticipated to slow down as companies reduce their 2015 budget for capital expenditure and put expansion plans on hold, says Knight Frank Malaysia managing director Sarkunan Subramaniam in presenting The Edge/Knight Frank Klang Valley Office Monitor 4Q

KUALA LUMPUR (March 11): Sunway Bhd announced the resignation of Ong Pang Yen, its joint managing director of the group’s property development division (PDD), effective May 1, 2015, as he will be joining Sunway Education Group Sdn Bhd.