KUALA LUMPUR: S P Setia Bhd has sold over 70% of the final collection of 2-storey terraced houses in Setia EcoHill, Semenyih, Selangor, during its launch on Nov 30.

KUALA LUMPUR: Think City Sdn Bhd, a community-based urban regeneration organisation, has launched its Think City Grants Programmme (TCGP) worth RM30 million for initiatives to rejuvenate Butterworth in Penang, Kuala Lumpur and Iskandar Malaysia in Johor.

KUALA LUMPUR (Dec 19): RHB Research has maintained its “Neutral” rating on the Malaysian Real Estate Investment Trust (M-REIT) sector going into 2015, and said it believes that overall earnings will start to normalise after being hit by higher expenses in 2014.

PUTRAJAYA (Dec 18): IOI Properties Group Bhd executive chairman Tan Sri Lee Shin Cheng said there are no China investors in the company, further allaying Taiwan's concern over the group's planned acquisition of a major stake in the iconic Taipei 101 tower.

IOI Properties is buying a 37.17% stake in Taipei Financial Center Corp, which owns the Taipei 101 in Taiwan, for RM2.74 billion.

KUALA LUMPUR: Mah Sing Group Bhd will appoint Topotels Sdn Bhd to run its Meridin Hotel Suites in Iskandar Malaysia, Johor.

In a statement yesterday, Mah Sing group managing director Tan Sri Leong Hoy Kum said its wholly-owned subsidiary Meridin Hospitality Sdn Bhd had signed a letter of intent with Topotels.

IPOH: MMC Gamuda KVMRT (T) Sdn Bhd (MGKT) will spend over RM100 million on refurbishing and upgrading its tunnel boring machines (TBMs).

The 50:50 joint venture between MMC Corp Bhd and Gamuda Bhd is the underground work package contractor for the mass rapid transit (MRT) project Line 1.

KUALA LUMPUR (Dec 17): Mah Sing Group Bhd will appoint Topotels Sdn Bhd to run the former's Meridin Hotel Suites in Iskandar Malaysia, Johor.

In a press release today, Mah Sing group managing director Tan Sri Leong Hoy Kum said its wholly-owned subsidiary Meridin Hospitality Sdn Bhd had signed a letter of intent with Topotels.

KUALA LUMPUR: Gamuda Bhd saw its net profit for the first quarter ended Oct 31, 2014 (1QFY15) rise 12% to RM185.85 million from RM165.48 million in the same period last year, on higher contribution from its property, water and expressway concession divisions.

KUALA LUMPUR: Profit contribution from the property development segment that is set to take off will exceed that of FCW Holdings Bhd’s main contract manufacturing business.

SHAH ALAM: Gerbang Perdana Sdn Bhd, the contractor for the aborted RM1.1 billion “crooked bridge” that was to replace the Johor Causeway, told the High Court yesterday that its subcontractor — the ACPI-IC&E joint venture (JV) — had “misled” the company on the progress of work on the project, resulting in delays.