Sunway to launch V Residences 2
KUALA LUMPUR: Sunway Property, the property arm of Sunway Bhd, will launch the second phase of its residential component of the RM3.7 billion Sunway Velocity in Cheras, the V Residences 2 this month.
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Cut-price homes fuel Singapore sprawl
DARREN CHIN gave up a 15-minute train journey to his office in Singapore for a two-hour drive with a stop at passport control. The reason: By commuting from Malaysia, he can afford his own two-story home and car.
Property developers urged to understand and review IFRS 15
KUALA LUMPUR: Property developers are urged to gather information and understand the terms and conditions of the newly issued International Financial Reporting Standards (IFRS) 15 to ease the transition and avoid complications. The IFRS 15 was issued on May 28 and will be effective from Jan 1, 2017 (early adoption is permitted). “The act is a new model that requires a new mindset.
Good take-up rate expected for Tambun Indah’s new development
Tambun Indah Bhd
(June 5, RM2.06)
Maintain buy with target price of RM2.23: Tambun Indah has proposed to acquire 27 parcels of development land located within Mukim 15 in Seberang Perai Selatan district, Penang (measuring approximately 209.54 acres [84.8ha]) for a total consideration of RM150 million (RM16.40 per sq ft [psf]).
Construction poised to be YTL’s new earnings catalyst
YTL Corp Bhd
(June 5, RM1.70)
Maintain add with target price of RM2.42: After many years of expanding its footprint abroad, YTL has shifted its focus back to the home front to reap the value of its investments across Malaysia’s infrastructure cycle, spurred by the nation’s Economic Transformation Programme (ETP).
Sunway to launch first Iskandar project next month
Sunway Bhd
(June 5, RM3.19)
E&O’s STP2 expected to be endorsed this month
Eastern & Oriental Bhd
(June 5, RM2.75)
Elevated cycle lanes from KL Sentral to Lake Gardens in the works
KUALA LUMPUR: Exciting regeneration plans for KL Sentral include the construction of elevated bicycle lanes connecting the transit hub to the Perdana Botanical Gardens.
Mah Sing’s 1,352-acre land deal in Johor unconditional
KUALA LUMPUR: Mah Sing Group Bhd yesterday announced that the sale and purchase agreement (SPA) has gone unconditional for its purchase of 1,352 acres (547ha) freehold land near Pasir Gudang, Johor intended for a township project called Bandar Meridin East.
Singapore’s Frasers bids US$2.4b for Australand
SYDNEY: Singapore-listed Frasers Centrepoint Ltd made a surprise A$2.6 billion (US$2.4 billion or RM7.8 billion) cash takeover bid for Australia’s Australand Property Group, trumping an offer from Australian firm Stockland Corp Ltd.
