KUALA LUMPUR: Ireka Corp Bhd's unit has secured a RM36.23 million contract to build an interchange for the proposed Bandar Indahpura, Kulai-Second Link Expressway in Iskandar Malaysia.

It said on Thursday, April 8 its unit Ireka Engineering & Construction Sdn Bhd was awarded the contract by Iskandar Regional Development Authority (IRDA).

JOHOR BARU: Only 126 of the 424 squatter families displaced by the Eastern Dispersal Link Expressway (EDL) project have accepted the relocation and compensation plan proposed by project developer MRCB Lingkaran Selatan Sdn Bhd.

WINDHOEK: The World Health Organisation (WHO) Country Representative Magda Robalo said many people in cities in the world, are facing a triple health threat such as infectious diseases, that thrive in crowded conditions.

KUALA LUMPUR: Frasers Hospitality Pte Ltd (Fraser) aims to open 16 new properties this year, 12 under the Fraser brand and four under the new Modena brand while making its debut in 12 major cities.

SHANGHAI:  China's central bank is set for a hefty drain of cash for a seventh week in a row and added long term three-year bills to its open market operations on Thursday, stepping up efforts to keep asset prices and inflation from rising out of control.

Much awaited catalyst

• RM3.5 billion REIT targeted for mid-10, if market conducive. But rising interest rates could push 6-7% yield target higher

• ~RM560 million net proceeds for landbank expansion and REIT pipeline. Potential 11% earnings dilution post-REITs.

· Injecting 8 properties into REIT

SHANGHAI: Shanghai's property prices may fall as much as 10 per cent this year as the government prepares to roll out tightening measures to cool the overheated market, according to consultancy Colliers International.

Policy adjustments on the supply of land and monetary tightening will weigh down the red-hot market amid mounting anger over soaring housing prices.

KUALA LUMPUR: Sunway City Bhd group is undertaking a corporate exercise to unlock the value of its properties which will see it injecting its shopping malls, office towers, hotels and hypermarket into its proposed multi-billion ringgit Sunway real estate investment trust (REIT) which will be listed on Bursa Malaysia.SunCity Group said on Wednesday, April 7 the proposed properties include the Su