KUALA LUMPUR: The much-touted RM8 billion redevelopment of the former Pudu jail site here, to be known as Bukit Bintang City Centre (BBCC), will kick off as early as the second quarter of this year, after the site has been abandoned for nearly four years.

KUALA LUMPUR (Feb 4): Property developer Matrix Concept Holdings Bhd saw 20 million units of its shares, which represent a 4.37% stake in the company, traded off market today for RM54.6 million.

According to Bloomberg data, the shares were moved in two blocks of 10 million each, with the trasaction price of RM27.3 million per block or RM2.73 per share.

KUALA LUMPUR (Feb 4): UDA Holdings Bhd, owner of the 19.4 acres land which once housed the Pudu prison, has pledged to award 50% of the construction work for the Bukit Bintang City Centre (BBCC) to Bumiputera contractors.

However, its chairman Datuk Johari Abdul Gani stressed that only qualified and experienced contractors will be eligible to undertake works for the project.

KUALA LUMPUR (Feb 4): Moody's Investors Service expects the country’s residential property demand to slow further this year, crimped by property cooling measures imposed in 2013 and weak buyer sentiment.
 

MALAYSIA continued to attract huge investments to its property sector this year with China-based developers leading the charge, especially into Iskandar Malaysia in Johor.

TWO-AND-A-HALF YEARS after news that a prime parcel within Bukit Bintang, Kuala Lumpur, had been acquired via tender for the Harrods Hotel project, the land has yet to be transferred and remains in the name of the Federal Lands Commissioner.

KUALA LUMPUR: Kenanga Investment Bank Bhd has issued seven new European style cash-settled call warrants over the ordinary shares of AirAsia Bhd (fundamental:1.30; valuation: 1.80), Hartalega Holdings Bhd (fundamental:3; valuation: 0.3), IJM Corp Bhd (fundamental:1.6; valuation: 2.4), Karex Bhd (fundamental:2.55; valuation: 0.3), Scientex Bhd (fundamental:1.7; valuation: 2.4), SP Setia Bhd (fun

KUALA LUMPUR (Jan 30): Ipoh-based property developer Hua Yang Bhd has acquired 8.09 acres of leasehold land located along the Middle Ring Road 2 (MRR2), to build a high-rise mixed development project, with an estimated gross development value (GDV) of RM800 million.

KUALA LUMPUR (Jan 30): KSL Holdings Bhd (KSL) has started its land banking exercise for the year, by purchasing 297.2 acres of freehold agricultural land in Batu Pahat, Johor, for RM90.62 million.

KUALA LUMPUR (Jan 30): Saujana Triangle Sdn Bhd — a wholly-owned unit of MK Land Holdings Bhd (MK Land), and Mammoth Empire Land Sdn Bhd, will jointly develop a mixed development project on a 11.78 acres plot in Damansara Perdana, Selangor.