KUALA LUMPUR: Having recently secured a contract from GOM Resources Sdn Bhd for pre-commissioning services for a 282km pipeline from Kerteh, Terengganu to the Malaysia/Thailand Joint Development Area on the border, Barakah Offshore Petroleum Bhd (Barakah) yesterday clinched another major contract.

KUALA LUMPUR: Eco World Development Group Bhd’s share price closed at a record high yesterday, following the sale by Tan Sri Liew Kee Sin (pic) of his remaining 67.79 million shares, or 2.75% stake, in S P Setia Bhd.

KUALA LUMPUR: The residential property sub-sector retained its lion’s share of the property market last year, accounting for 64.6% share in volume and 47.3% in value, according to the Property Market Report 2013 by the National Property Information Centre (Napic).

KUALA LUMPUR: The outlook for the local shopping complex and purpose-built office sectors is expected to be challenging this year, with increasing supply of space and slower take-up rate, said the National Property Information Centre (Napic).

KUALA LUMPUR: Cooling measures to arrest rising property prices in the country had an effect on the number of transactions conducted last year, but they did not affect the value of these transactions.

KUALA LUMPUR: BlackRock Inc, the world’s largest asset manager, is seeking bids to sell two office towers and a mall here, according to a sale document viewed by Bloomberg.

KUALA LUMPUR: Malaysia’s Islamic real estate investment trusts (REITs) may underperform stocks this year as quickening economic growth boosts companies’ earnings.

KUALA LUMPUR: LBS Bina Group Bhd has inked a deal with a Johor state government unit to jointly develop four plots of leasehold land measuring 14.16 acres (5.73ha) in Tampoi with a gross development value (GDV) of RM815 million.

KUALA LUMPUR: Kajang-based property developer, MKH Bhd, expects its sales to hit RM800 million for the financial year ending Sept 30, 2014 (FY14) in conjunction with the launch of its nationwide property carnival.

MKH managing director Tan Sri Eddy Chen said the group’s property sales had accelerated this year to RM280 million as at February.

KUALA LUMPUR: Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis REIT), has declared the highest first quarter income distribution of 5.3 sen per unit following strong results in the  REIT’s financial results for the quarter ended March 31 boosted by the disposal of Axis Plaza.