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City&Country: Q Sentral adds sparkle to MRCB's crown

Malaysian Resources Corp Bhd (MRCB) is adding another jewel to its crown with Q Sentral at its land transport hub, KL Sentral.
The 42-storey office building is being built on the 1.85-acre Lot B by Cosy Bonanza Sdn Bhd, a joint venture between MRCB (65%) and Quill Sentral Sdn Bhd (35%).

City & Country: Q Sentral adds sparkle to MRCB's crown

Malaysian Resources Corp Bhd (MRCB) is adding another jewel to its crown with Q Sentral at its land transport hub, KL Sentral. The 42-storey office building is being built on the 1.85-acre Lot B by Cosy Bonanza Sdn Bhd, a joint venture between MRCB (65%) and Quill Sentral Sdn Bhd (35%).

VTI Vintage sells Sabah land for RM2.15m

KUALA LUMPUR: VTI Vintage Bhd entered into a sales and purchase agreement with SW 2020 Sdn Bhd on Jan 5 to sell more then 5.5 acres of land in the district of Tuaran, Sabah for RM2.15 million, it announced on Friday, Jan 7.

The group said the proceeds of the disposal would help it settle outstanding banking facilities and reduce the group's gearing.

Higher demand for good quality secondary properties in UK, says DTZ

LONDON: There is a greater demand for good quality secondary properties with active management potential in the UK by property companies and opportunity funds as banks gradually unload lower graded stock onto the market, said global real estate consultancy DTZ.

UEM Land at record high, set to transform into blue chip

KUALA LUMPUR: Shares in UEM Land Bhd rose to a record high of RM2.90 on Thursday, Jan 6, as Credit Suisse Group AG expected the property developer to become a blue chip proxy for improved Singapore-Malaysia relations, especially under the proposed transformation of its large landbank in Iskandar Malaysia.

MPHB ceases to be substantial shareholder of Farlim

KUALA LUMPUR: Property developer Farlim Group Bhd saw the departure of Multi-Purpose Holdings Bhd (MPHB) as its substantial shareholder after the later disposed a 6.5% equity interest in the property outfit.

According to recent filings with Bursa Malaysia Securities, MPHB's stockbroking arm AA Anthony Securities Sdn Bhd (AAASB) had sold the shares in Farlim on Dec 20, last year.

Habour-Link eyes property development

KUALA LUMPUR: Habour-Link Group Bhd has proposed to extend financial assistance to an indirect subsidiary, Sarawak Edible Oil Sdn Bhd (SEO), while making a move into property development.