KUALA LUMPUR: Mah Sing Group Bhd has appointed Ng Chai Yong as its chief executive officer (CEO) and executive director effective yesterday. He will preside over the organisation’s day-to-day operations. In a statement, Mah Sing said Ng, 53, has close to 30 years of experience in civil engineering, banking and property.

GEORGE TOWN: The narrow meandering paths that skirt around an assortment of houses in the village enclave of Pepper Estate somehow suggest a carefree time that the people residing there would have had when they grew up as children in the neighbourhood.

GEORGE TOWN: Neighbours of an illegally demolished precolonial bungalow that once belonged to 19th century tycoon Khaw Sim Bee have welcomed the government’s move to require the party responsible to rebuild the structure.

KUALA LUMPUR: Symphony House Bhd expects to obtain the Securities Commission Malaysia’s approval on the proposed reverse takeover (RTO) of the firm by Ranhill Energy and Resources Bhd over the next three to four months.

SHAH ALAM: I-Bhd has adopted a new dividend policy. The property developer aims to pay out not less than 30% of its net profit to shareholders starting from financial year 2014 ending Dec 31 (FY14). Chief executive officer Datuk Eu Hong Chew said the goal is to make I-Bhd a strong dividend play in the market.

KUALA LUMPUR:  The controversial reclamation project, known as Forest City and located near the Johor Second Link, is “threatening the existence” of the Port of Tanjung Pelepas (PTP), said DAP Member of Parliament for Kluang Liew Chin Tong.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has won the bid to develop “MX-1”— a coveted 64.1-acre (25.9ha) parcel slated to be the town centre of Kwasa Damansara — with an estimated gross development value (GDV) of over RM7 billion.

Shah Alam: I-Bhd launched a special preview of its i-Suite II residential-cum-commercial development over the weekend.

Designed as a functional home office, the 43-storey i-Suite II tower, comprising 328 units, sits on a 12-acre (4.8ha) plot on the western portion of i-City.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) expects to recognise income from the PJ Sentral development by the end of this year.

According to management, the group has sold two buildings within the multi-billion development on an en-bloc basis, for a total value of RM489 million.

THE various cooling measures implemented in Malaysia of late have led local real estate agents to seek other options for those looking to invest in property. This has prompted overseas developers to seize the opportunity to market their products in Malaysia.