INDUSTRY analysts are upbeat on the listing prospects of the country's largest developer in terms of landbank, Sime Darby Property Bhd — a division under plantation giant, Sime Darby Bhd. The division has 19,000 acres of land, with another 18,800 acres identified for future development.

THE Johor Economic Planning Unit (UPENJ) says the state government's proposal to increase the tax on foreign-owned properties in Johor will not dampen market demand."Such revisions will not be a burden on property owners, whether local or foreign, and will not dampen the property market," UPENJ deputy director Dr Badrul Hisham Kassim tells The Edge.The economic planning unit has been tasked by

I'M not a conservation architect," says architect and urban and regional planner Michael Ong, who is also a director in BYG Architecture Sdn Bhd.

KUALA LUMPUR: Iskandar Malaysia has received new investments worth RM7.56 billion in the second quarter (2Q), bringing cumulative investments in the southern growth corridor to RM118.93 billion as at June 30. Real estate development contributed RM45.18 billion of the total investment.

Pek Lian Guan, CEO of construction firm Tiong Seng Holdings Ltd, beams with pride as his eyes take in the ballroom at the Parkroyal on Pickering. The hotel, opened early this year, is somewhat of an architectural masterpiece and Pek is only too happy to point out that the stacked curves and columns

are precast concrete components made at Tiong Seng’s prefab facility in Tuas.

PETALING JAYA: The first phase of YTL Land & Development Bhd’s urban renewal of Sentul — The Fennel at Sentul East — received an overwhelming response during its preview at YTL Land Sales Gallery in Jalan Bukit Bintang, Kuala Lumpur last weekend.

KUALA LUMPUR: In its latest acquisition drive, Poh Huat Resources Holdings Bhd’s wholly owned unit PHW Properties Sdn Bhd has purchased two parcels of freehold agricultural land in Muar, Johor, together with Kini Superstore (M) Sdn Bhd, for RM8.36 million.

KUALA LUMPUR: PKNS Holdings Sdn Bhd has withdrawn its injunction application against Malaysian Resources Corp Bhd (MRCB) with “no order as to costs”.

However, it is going ahead with its injunction application against Nusa Gapurna Development Sdn Bhd (NGD).

PETALING JAYA: Encorp Bhd has been seeing increased interest in its stock, with its price rising 34% since July 18 after its CEO Yeoh Soo Ann and chief operating officer Mohd Ibrahim Masrakin bought out the entire 30.55% stake in the company owned by executive chairman Datuk Seri Effendi Norwawi.

PETALING JAYA: Construction output will grow by more than 70% to US$15 trillion (RM48 trillion) worldwide by 2025, according to the latest Global Construction Perspectives and Oxford Economics report. The global benchmark study shows the meteoric growth which outpaces that of global GDP will be concentrated in China, India and the US.