Mammoth Empire plans bonds to raise working capital
MAMMOTH Empire Holdings Sdn Bhd, the property developer and asset manager behind Empire Shopping Gallery in Subang, Selangor, plans to raise funds through a maiden issue of bonds.
Sunway Property to enhance presence in Penang with new HQ
PETALING JAYA (Aug 3): Sunway Bhd’s real estate arm Sunway Property is setting up a regional office and sales gallery in the northern state of Malaysia, Penang, which is scheduled for completion in April 2017, the developer said in a statement yesterday.
JB City Council to relocate HQ to Astaka's One Bukit Senyum project
KUALA LUMPUR (Aug 3): Johor Bahru's City Council (MBJB) intends to collaborate with Singapore Exchange-listed property developer Astaka Holdings Ltd in relocating the city council's new headquarters to a new central business district in Johor, One Bukit Senyum (pictured) (OBS).
IJM Land to launch Phase 2 of Rimbun Vista this September
PETALING JAYA (Aug 3): IJM Land Bhd will be launching the second phase of Rimbun Vista (3A2) at S2 Heights, Seremban 2 later this September, said its managing director Edward Chong.
Malaysian houses priced up to RM165,060 'considered affordable', says Finance Ministry
KUALA LUMPUR (Aug 3): Malaysian houses priced up to RM165,060 each are "considered affordable" to the median Malaysian household, but only 21% of housing launches in the country were priced below RM250,000 in 2014.
KLCC Stapled’s distributable income rises 3.8%, pays 8.6 sen distribution
KUALA LUMPUR (Aug 3): KLCC Stapled Group, comprising KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), recorded a total realised distributable income of RM167.
Bina Puri’s construction order book stands estimated at RM2 bil
Bina Puri Holdings Bhd (Aug 2, RM0.
Staying ahead during challenging times
THE slowdown in the property market is not news to developers and the public.
Frasers Centrepoint adds to prime industrial site in Australia
SINGAPORE (Aug 2): Frasers Centrepoint Ltd’s Australian unit, Frasers Property Australia (formerly Australand), on Tuesday announced it is acquiring a 10ha site adjacent to its Eastern Creek Business Park in western Sydney.
Phase 1 of MRT Line 1 undergoing mechanical testing, 86% complete
KUALA LUMPUR (Aug 2): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) said it is currently undertaking the mechanical and electrical system works of Phase 1 of the MRT Sungai Buloh-Kajang (SBK Line or MRT Line 1), which is on track to meet its targeted completion by end-2016.
