News about PA

PETALING JAYA (May 30): KotaSAS Sdn Bhd, the developer of Kota Sultan Ahmad Shah (KotaSAS) township in Kuantan, Pahang, has seen 52% of its Evergreen II Homes being taken up since the project was unveiled in March, said the developer.

Bina Puri Holdings Bhd (May 27, 37 sen) Maintain hold with a lowered target price (TP) of 42.

KUALA LUMPUR (May 30): EcoFirst Consolidated Bhd is marking the start of its expansionary phase, after over five years of restructuring efforts, with the launch of the first phase of its RM3 billion gross development value (GDV) Ampang Ukay development targeted for next month.

KLANG (May 27): WCT Holdings Bhd is looking to sell off some assets to raise more than RM500 million, the proceeds of which it expects to use to reduce its net gearing to 0.

KUALA LUMPUR (May 27): The federal government will bear the land acquisition cost totalling RM2.

IN more recent years, the line between hospitality design and residential design has been blurred with many hotels and resorts beginning to look more like high-end homes and vice versa.

Rented for: RM8,000 Concluded by: Matt Tian of Reapfield Properties Sdn Bhd (016-208 5108) When: March 2016 Noteworthy: • Leasehold • Built-up: 3,778 sq ft • Land size: 3,821 sq ft • 6 rooms and 6 bathrooms • Leased for two years • Partially furnished with built-in wardrobes, cabinets with appliances for dry and wet kitchens, curtains, fans and air-conditioners The tenancy was concluded by Reapfield Properties Sdn Bhd negotiator Matt Tian.

PETALING JAYA (May 26): Sunway Velocity Mall has leased out 80% of its net lettable area of over a million square feet ahead of its opening scheduled for October, said Sunway Shopping Malls and Theme Parks CEO HC Chan.

KUALA LUMPUR (May 26): Premier lifestyle developer Mah Sing Group Bhd posted a net profit of RM95.

PANAMA CITY (May 25): Malaysian property projects continue to impress the global real estate community with their strong showing at the Fiabci Prix d'Excellence Awards 2016.