TRX City’s net profit drops 55%
PETALING JAYA (June 17): TRX City Sdn Bhd, the property development arm of 1Malaysia Development Bhd (1MDB), achieved a net profit of RM380.
Property market only expected to recover in 2018
PETALING JAYA: The property market is only expected to recover in 2018, Malaysian Property Summit Mid-Year Review 2016 committee member James Wong told TheEdgeProperty.
Mah Sing targets RM1.8b launches in 2H2016
KUALA LUMPUR (June 16): Mah Sing Group Bhd will be launching RM1.
AmanahRaya REIT buys property in Cyberjaya for RM40m
KUALA LUMPUR (June 16): AmanahRaya Real Estate Investment Trust (REIT) is acquiring a land together with a four-storey office building in Cyberjaya for RM40 million.
Encorp confident of Melaka project
PETALING JAYA (June 16): Encorp Bhd is confident of its integrated township development project in Bukit Katil, Melaka, in spite of the soft property market.
CapitaLand to build ‘real estate of the future’ with C31 Ventures
SINGAPORE (June 15): Property group CapitaLand announced that it is setting up a venture fund, C31 Ventures, to tap global tech start-ups in its ongoing effort to “innovate and build real estate of the future”.
Sapura Resources tapping education sale proceeds for RM1.5b property project
SERI KEMBANGAN (June 15): Sapura Resources Bhd will channel proceeds from the sale of its education assets towards its RM1.
CZBUCG awaits funding from Penang for RM6.3b infrastructure project studies
KUALA LUMPUR (June 14): Consortium Zenith BUCG Sdn Bhd (CZBUCG) has yet to receive RM100 million for the feasibility studies and detailed design work completed thus far for the RM6.
Sunway to dispute Perak’s demand for return of undeveloped land
KUALA LUMPUR (June 14): Sunway Bhd’s subsidiary Sunway City (Ipoh) Sdn Bhd plans to dispute a notice from the Perak state secretary requesting it to return an undeveloped portion of land to the Perak government.
