MRCB sells Menara Shell to MRCB-Quill REIT for RM640m
KUALA LUMPUR (July 1): MRCB-Quill Real Estate Investment Trust (MRCB-Quill REIT) is buying Menara Shell in KL Sentral from Malaysian Resources Corp Bhd (MRCB) for RM640 million.
‘No stop order for Penang undersea tunnel study’
GEORGE TOWN (June 16): Contrary to his earlier statement, Consortium Zenith BUCG Sdn Bhd (CZBUCG) chairman Datuk Zarul Ahmad Mohd Zulkifli (pictured) yesterday said the Penang government did not order the company to halt the feasibility study on the Penang-Butterworth undersea tunnel.
MRCB targets RM1 billion sales for this year
PETALING JAYA (June 1): Malaysian Resources Corp Bhd (MRCB) has set a RM1 billion sales target for 2016 — a risky bet considering that its 2015 sales only amounted to RM850 million, while the real estate market remains muted.
Blackstone in negotiations to buy Sime Darby’s Aussie assets, says report
KUALA LUMPUR (May 4): Blackstone Group LP is in negotiations to buy industrial properties owned by Sime Darby Bhd in Australia, according to a report by Bloomberg.
Redevelopment work on Plaza Rakyat expected to start in June 2017
KUALA LUMPUR (April 29): Deputy minister of Federal Territories Datuk Dr Loga Bala Mohan (pictured) said work on Plaza Rakyat is expected to commence in June next year, Bernama reported yesterday.
63,000 still waiting for PPR, PA houses: DBKL
KUALA LUMPUR (April 19): There are about 63,000 people on the waiting list for People's Housing (PPR) and Public Housing (PA) houses, said Kuala Lumpur City Hall (DBKL) director (Housing Management and Community Development), Wan Mohd Ghazali Nor, Bernama reported today .
Mapex 2016 targets bookings for RM500m worth of properties
KUALA LUMPUR (April 15): Real Estate and Housing Developers’ Association (Rehda) Malaysia president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured, below) aims to achieve bookings for properties worth RM500 million in the three-day real estate exhibition event Mapex 2016.
S P Setia confirms Khor as executive president and CEO
KUALA LUMPUR (April 5): S P Setia Bhd has confirmed its acting president and chief executive officer (CEO) Datuk Khor Chap Jen (pictured) as executive president and CEO, Datuk Wong Tuck Wai as deputy president and chief operating officer (COO), and Choy Kay Yew as chief financial officer (CFO), effective April 1.
Magna Prima names Cheah Len Khoon as new chief executive officer
KUALA LUMPUR (March 4): Magna Prima Bhd appointed Cheah Len Khoon as its chief executive officer effective yesterday.
Road widening projects required before LRT, chief minister Lim says
GEORGE TOWN (Feb 18): Remedial measures must be taken to ease traffic congestion before other stages of the RM27 billion Penang Transport Master Plan can begin, according to chief minister Lim Guan Eng (pictured).
