News about Malaysia

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TOKYO (July 29): Japanese conglomerate Mitsui & Co Ltd has entered into a joint-venture agreement yesterday with Nusajaya Tech Park Sdn Bhd (NTPSB) to jointly develop a Built-to-Suit (BTS) leasing properties project with an estimated development value of approximately $S167 million (RM468 million) in Nusajaya Tech Park, Iskandar Malaysia.

KUALA LUMPUR (July 28): The 16th International Architecture, Interior Design and Building Exhibition Malaysia (Archidex 2015) to be held from August 12 to 15 at Kuala Lumpur Convention Centre is expected to hit a total transaction value of RM1 billion.

PETALING JAYA: Eco World Development Group Bhd will launch Phase 2 of its Johor development, Eco Botanic, in August.

KUALA LUMPUR (July 18): The Edge weekly in its latest edition said that Iskandar Malaysia, launched in 2006 as the South Johor Economic region, has experienced cooling public response to property launches there.

KUALA LUMPUR (July 14): Some 40 interested parties, including local government-linked corporations (GLCs) and foreign state-owned investment firms, have submitted proposals to participate in the development of Bandar Malaysia, a property project wholly owned by 1Malaysia Development Bhd (1MDB).

SEPANG (July 10): Xiamen University Malaysia Campus (XMUMC) will open in Sunsuria City, a RM6.

KUALA LUMPUR (July 9): Sunway Construction Group Bhd (SCG) has recorded an oversubscription rate of 4.

The Penang government has urged Putrajaya to clarify the status of the 1Malaysia Maintenance Fund (TP1M) because it was not included in the recently tabled 11th Malaysia Plan.

KUALA LUMPUR (July 9): Retail and property group Wing Tai Malaysia Bhd plans to officially launch its Jalan Ampang Le Nouvel Codominium project by year-end, The Edge Financial Daily reported today.