The group can now start talking to interested parties, given the approval for the land usage of the ZIC.
Developers hope the project will regenerate and diversify Newquay's economy, which currently relies on tourism and low-paid seasonal jobs.
The evolution of online shopping has opened up a new retail era.
If RTO schemes are able to help more people own homes, property developers would definitely be in favour of them.
The Malaysian House Price Index showed that housing prices have moderated further by 5.6% in 2Q17 compared with 7.1% a year ago.
Current remaining order book of RM8.6 billion is equivalent to 3.2 times the construction revenue in FY17, which provides good earnings visibility.
TA Research upgraded IJM Corp to buy with an unchanged target price of RM3.50.
With the new fund, Axis REIT’s gearing could be reduced to 29.4% from 37.3% currently if all the proceeds are used to pare down debts.
Al-Salam REIT is assessing a handful of properties for acquisition worth RM775 million in total.