Vivocom bags contract to build affordable homes

KUALA LUMPUR (June 13): Vivocom International Holdings Bhd, whose share price has come under selling pressure in recent months, announced that its subsidiary — Vivocom Enterprise Sdn Bhd (VESB)— has been appointed to construct condominium blocks for the 1Malaysia Civil Servants’ Housing Programme (PPA1M) in Perak.

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IOI Properties up on Singapore JV announcement

KUALA LUMPUR (June 13): IOI Properties Group Bhd shares rose as much as four sen or 2% after the company announced a planned joint venture (JV) with Hongkong Land International Holdings Ltd to develop a tract within Singapore's Central Boulevard.

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UK property market resilient amidst political uncertainty

PETALING JAYA (June 13): While the outcome of the UK general election has not been decisive, thus causing further political uncertainty, the appeal of the UK property market is unlikely to be significantly diminished from an Asian business or investors’ point of view, real estate consultancy firm Knight Frank said in a post-election statement.

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Wisma MPL may be going under the hammer

KUALA LUMPUR (June 13): Loss-making property outfit Malaysia Pacific Corp Bhd (MPCorp) could see one of its core assets, Wisma MPL, auctioned off as the group still has not secured a buyer for the property.

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Mah Sing looks inward

KUALA LUMPUR (June 13): Mah Sing Group Bhd will continue looking inward to concentrate on the home market, although more Malaysian property developers are looking beyond local shores.

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