KUALA LUMPUR: Minority shareholders of loss-making property Tradewinds Corp Bhd (TCB) voted in favour of the privatisation of the company by selective capital reduction (SCR) and repayment at its EGM yesterday.
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has said the US$2.3 billion (RM7.04 billion), the proceeds and profit originating from the government investment arm’s initial 1MDB-PetroSaudi International joint venture, is “safe”.
KUALA LUMPUR: The long speculated entry of the Kuok Group into Iskandar Malaysia finally materialised yesterday with the group buying two parcels of land in Puteri Harbour, Bandar Nusajaya, for RM182 million.The two parcels of freehold land, measuring 12.5 acres (5.05ha) will be developed, in a joint venture with Khazanah Nasional Bhd, into a mix of high-rise residential and retail/commercial u
HONG KONG: Developers have begun to cut asking prices at their new residential projects because of weakening market sentiment and a law on sales practices that will take effect in late April.
HONG KONG: Hong Kong home prices will fall by as much as a quarter as a result of the government's stepped-up measures to cool the housing market and rises in bank mortgage rates, equity research firm Sanford C. Bernstein Hong Kong forecast.
KUALA LUMPUR: Axis Real Estate Investment Trust’s (Axis-REIT) pre-tax profit for the first quarter (1Q) ended March 31 slipped to RM20.88 million from RM20.96 million in the same period last year.
Revenue, however, rose to RM35 million from RM32.29 million previously, the company said in a filing with Bursa Malaysia.
KUALA LUMPUR: The long speculated entry of the Kuok Group into Iskandar Malaysia finally materialised yesterday with the group buying two parcels of land in Puteri Harbour, Bandar Nusajaya, for RM182 million.
KASARA, located in the exclusive waterfront enclave of Sentosa Cove, has 13 individually designed villas with unrivalled views of a man-made lake and the award-winning Serapong golf course in Sentosa. Launched in January 2010 by Malaysian-listed conglomerate YTL Corp, it saw its units fully sold within a few short months.
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KUALA LUMPUR (April 23): Property price
increases in Malaysia in recent years have placed the credit quality of home
loans in the spotlight, said Standard & Poor's Ratings Services.
SAFI, MOROCCO: Morocco's King Mohammed VI has launched the construction of a 143-km El Jadida-Safi Highway at the rural commune of Saadla in the Province of Safi some 340 km south of capital Rabat.
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