News about M

UEM Sunrise said both the group and the purchaser, Olive Investment Trust, have mutually agreed to discontinue with the proposed divestment since the settlement of the consideration was not concluded and settled within the prescribed time.

The authorities need to take stringent action against abuses of PPR and at the same time, work out the RTO for the deserving.

UEM Sunrise said its indirect wholly owned Nusajaya Rise Sdn Bhd has inked two sale and purchase agreements with NTPSB, the JV of UEM Sunrise's wholly owned UEM Land Bhd and CapitaLand's indirect unit Ascendas Land (Malaysia) Sdn Bhd, for the sale of the plots for RM289.

This leaves Lee with a 26.

In a bourse filing on Friday (Dec 2), the property developer said the group’s indirect wholly-owned subsidiary, Symphony Hills Sdn Bhd, entered into three sale and purchase agreements with Sunsuria’s 65%-owned subsidiary, Tapah Land Development Sdn Bhd, for the disposals.

UEM Sunrise CEO Sufian Abdullah: Residensi Astrea’s topping [out] demonstrates our continued efforts to bring value to the Mont’Kiara neighbourhood as one of its pioneer developers, despite the challenges we faced and overcame.

IJM Corp said it expects a satisfactory performance for the current financial year, supported by the recovery in the Malaysian business landscape despite global headwinds.

The one-and-a-half-month renovation work involved painting, fixing and replacing new roofing, providing a well-equipped toilet and installing a septic tank with underground piping, repairing external timber walls and replacing them with cement sand board, installing precast concrete drain and chain link fencing with gate.

Condos, apartments, serviced residences – these are becoming popular choices for urbanites, but many are not equipped with the basic knowledge of being a strata property owner.

UEM Sunrise noted the group's operating profit margins in the current quarter improved substantially at 16% compared to prior year's corresponding quarter of -1% partly due to a one-off recognition of other operating income amounting to RM10 million and lower operating expenses due to fewer launches and bad debts recovery from the retail segment.