KUALA LUMPUR (March 19): Manufacturer of automated and semi-automated machinery and equipment, Pentamaster Corp Bhd (Pentamaster) has purchased a piece of land in Seberang Perai, to host a new factory in order to cater for increase in production activities.

KUALA LUMPUR (March 19): The trading in the shares of Hunza Properties Bhd has been suspended, following the company’s suspension request, pending release of a material announcement.

According to a filing with the exchange, the suspension of the property developer’s shares will be in effect from 9am to 5pm tomorrow.

KUALA LUMPUR (Mar 19): The gross development value (GDV) of the controversial Forest City project, which is to be undertaken by Country Garden Pacific View Sdn Bhd, has shrunk 25% to RM450 billion after the project’s size was cut down by 30%.

KUALA LUMPUR (Mar 19): 1Malaysia Development Board Bhd (1MDB) and Australia-based real estate group Lend Lease will jointly develop an estimated RM8 billion mixed property portion within the proposed Tun Razak Exchange (TRX) here.

KUALA LUMPUR (March 16): Property developer Tambun Indah Land Bhd is buying 16 parcels of freehold land in Seberang Perai Tengah, Penang, with a collective land area of 18.8 acres, for RM38.9 million, cash.

KUALA LUMPUR (March 16): Premium property developer Eastern & Oriental Bhd (E&O) announced today that it has completed its RM308.9 million (£57 million) acquisition of a 1.2 acre freehold land in Hammersmith, West London.

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.