KUALA LUMPUR: Mah Sing Group Bhd will not be slowing down on launches for ongoing projects in order to achieve its RM3.43 billion sales target this year.

WITH the implementation of the Goods and Services Tax (GST) drawing closer, coupled with the tougher operating environment, property developers are likely to strategise to buffer any negative impact.

KUALA LUMPUR (Mar 5): Sunway Bhd is embarking on a five-year IT modernisation plan, a multi-million ringgit investment which will result in cost savings for the diversified group.

KUALA LUMPUR (March 5): MIDF Research has maintained its “Neutral” rating on the property sector and said it expects value of new property sales to be lower this year.

“Disappointing 4QCY14 results from property companies with earnings from 60% of the stocks under our coverage came in below expectations.

KUALA LUMPUR (March 4): Property developer Mulpha Land Bhd saw 10.95 million shares, which represents 4.8% stake in its overall outstanding shares, traded off-market today.

According to Bloomberg data, the shares were transacted in three blocks for a total of RM5.07 million or between 45 sen and 47 sen a piece.

KUALA LUMPUR (March 4): Country View Bhd saw its executive director Law Kit Tat increase his stake to almost 20% of the group’s overall share capital today, after he acquired an additional 3.84% equity interest outside trading hours.

KUALA LUMPUR (March 4): Property developer Fitters Diversified Bhd intends to redevelop the 2.3-acre Plaza Pekeliling along Jalan Tun Razak here into a small office/home office (SOHO) concept building.

KUALA LUMPUR (March 4): BCB Bhd has entered into a memorandum of understanding (MOU) with HELP University Sdn Bhd, which will see both parties collaborating to set up an education and training centre in Kluang, Johor.

IT has been almost 10 months since the redeveloped Jaya Shopping Centre (JSC) in Section 14, Petaling Jaya, opened but tenants say they are struggling and contend that the neighbourhood mall could perform better.

Retailers in the mall say they would like management to review the rental agreement and a couple have said they are prepared to move out if things do not improve.

KUALA LUMPUR (Mar 4): Kwasa Land Sdn Bhd, a wholly-owned unit of the Employees Provident Fund (EPF), has roped in Impiana Land & Development Sdn Bhd as development partner for a planned RM400 million residential project.