KUALA LUMPUR: Having obtained shareholders’ approval for its capital raising plan last week, Sunsuria Bhd, formerly Malaysia Aica Bhd, will this week unveil an asset injection exercise by major shareholder Datuk Ter Leong Yap, aimed at expanding the group’s property portfolio to rival other midsized developers.

FROM the outset, Datuk Seri Chong Ket Pen knew he wanted to build the “Mont’Kiara of KL South” in Kajang. Some would say this is an ambitious plan, especially for a company that only ventured into property development in recent years, but then Chong is a confident man.

AS a government-linked company seeks to avoid a protracted legal tussle with villagers over the redevelopment of 300-year-old Kampung Tanjung Tokong on Penang island, a local property stalwart is eyeing development opportunities in the village.

GOING green is our mission,” says Ahmad Ridzal Ahmad, the CEO of Putra Perdana Development Sdn Bhd.

The company’s latest project, Danau Mutiara in Putrajaya, is being sold as a lifestyle development and will have the green concept seen in its previous projects.

Putra Perdana is the property development and investment arm of soon-to-be-relisted Putrajaya Perdana Bhd.

DATUK ENG SOO MIN, managing director of Kueen Lai Group of Companies, has been involved in a wide variety of businesses over the years. From a car dealer handling the import and export of auto parts in 1982, he ventured into the plantation business in 1997 and eventually into property development in 2002.

KUALA LUMPUR: PPB Group Bhd’s mixed development in Puteri Harbour, Iskandar Johor with RM1.5 billion in gross development value is taking shape and expects to start contributing to the group’s earnings next year.

PETALING JAYA: AmFIRST Real Estate Investment Trust (AmFIRST REIT) is looking at revising the rental rates for The Summit Subang USJ mall in Subang Jaya by 40% to 50%, after the completion of its RM80 million refurbishment exercise in July next year, said Am ARA REIT Managers Sdn Bhd acting chief executive officer Zuhairy Md Isa.

KUALA LUMPUR: The construction sector’s output this year looks set to surpass last year’s RM93 billion, fuelled by ongoing and new public sector projects.

The sector has seen a year-on-year growth of 20% for the first quarter, boding well for the entire year’s prospects, Master Builders Association Malaysia (MBAM) president Matthew Tee said yesterday.

KUALA LUMPUR: The first mega-store that will house both department store-cum-supermarket operator Aeon Co (M) Bhd and Aeon BiG (M) Sdn Bhd’s hypermarket chain could be ready in two years.

Aeon Co (M) managing director Nur Qamarina Chew Abdullah said the maiden megastore will be  outside the Klang Valley.

LONDON: Investors are shifting their focus to Build-to-Rent scheme properties, regional investment stock and the forward purchase of stock direct from developers, due to the lack of existing investment stock in London, according to CB Richard Ellis (CBRE)’s first quarter in financial year 2014 (1QFY14) UK Residential Investment report.“A significant proportion of the established London-specific