Ireka expects returns from Aseana investment this year

KUALA LUMPUR (April 24): Aseana Properties Ltd, a London-listed property developer which is 23%-owned by Malaysian developer Ireka Corp Bhd, plans to sell some of its property assets and return the capital to shareholders this year, Ireka group managing director Lai Voon Hon (pictured) said in The Edge Financial Daily today.

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Matrix Concepts' Puchong project GDV likely to increase

KUALA LUMPUR (April 22): The projected gross development value (GDV) of a new residential development project in Puchong by Matrix Concepts Holdings Bhd could be increased up to RM754 million from RM500 million, according to Hong Leong Investment Bank Research, as reported in The Edge Financial Daily today.

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Landed homes still the most popular residential type in Melaka

MELAKA (April 23): While the majority of residential launches in Peninsular Malaysia were in the RM200,000 to RM500,000 range in 2H2014, launches recorded in Melaka were mainly in the RM500,001 to RM1 million range, according to The Real Estate and Housing Developers Association Malaysia (REHDA) Property Industry Survey 2H2014 released in March.

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Econpile bags RM29.4 mil piling contract

KUALA LUMPUR (April 22): Econpile Holdings Bhd has bagged a piling and related works contract from TWY Development Sdn Bhd for the latter’s TWY @ Mont Kiara duplex condominiums, valued at RM29.

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