KUALA LUMPUR: A prime 1.16-acre (0.47ha) freehold tract on Jalan Sultan Ismail, believed to be owned by Dijaya Corp Bhd, is up for sale for RM3,500 psf. According to sources, the asking price of RM3,500 psf is on par with the price trend in the city centre.

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) has completed the construction of a five-star floating hotel for delivery to the Sunborn Group of Finland.

KUALA LUMPUR: Quill Capita Trust (QCT) has obtained a commitment from a financial institution to refinance a RM117 million debt, which is expiring at the end of the third quarter in the financial year ending Dec 31.

KUALA LUMPUR: The massive 4,500-acre (1,800ha) Gerbang Nusajaya being developed by UEM Land Holdings Bhd will see more upcoming projects after two launches late last year.

KUALA LUMPUR: Kuala Lumpur City Centre Property Holdings Bhd (KLCCP) is focusing on the ongoing development of its prime assets, Lot D1 and Kompleks Dayabumi, according to CEO Hashim Wahir.

KUALA LUMPUR: The Nomad Group Bhd’s pre-tax profit for the first quarter ended March 31, surged to RM6.9 million from RM1 million in the previous corresponding period.

Revenue, however, fell to RM17.25 million from RM18.25 million.

KUALA LUMPUR: Mainstay Properties Sdn Bhd and US-based Horizon Group Properties announced on May 10 a joint-venture to develop The Outlet Shoppes in Sepang, within a 5km radius to Kuala Lumpur International Airport (KLIA).

KUALA LUMPUR: UOA Development Bhd plans to launch projects worth a total of RM3.7 billion in gross development value (GDV) this year, said the company in its latest annual report.
The projects are two office developments and three residential projects located in urban areas such as Subang Jaya and Kuala Lumpur.

BAMBOO and construction are not mutually exclusive — there is the archetypal Hong Kong skyscraper cocooned in a nest of bamboo scaffolding with workers perched inside.What about using bamboo as a building material though?

KUALA LUMPUR: AmInvestasi, an associate company of AmInvestment Management Sdn Bhd (AmInvest), the fund management division of AMMB Holdings Bhd, has unveiled its inaugural fund in Jakarta, Indonesia, for retail and institutional investors — AmObligasi JIBOR 1 Year PLUS.