Talam Transform sells its 85% stake in Chinese unit for RM55 mil
KUALA LUMPUR (Jan 6): Talam Transform Bhd is selling its 85% stake in a Chinese unit that owns part of a defunct hotel in Jilin, China for RMB84.
Support for TheEdgeProperty.com Malaysia’s Best Managed Property Awards
PETALING JAYA (Jan 6): An official handshake ceremony was held between TheEdgeProperty.
DONE DEAL: Park Seven condominium, KLCC
Sold for: RM2,450,000 (RM875 psf) Concluded by: Daniel Wong (REN 01967) of Sang Associates (013-3868108) When: August 2016 Noteworthy: ● Freehold ● 2,800 sq ft ● Developed by Selangor Dredging Bhd ● Completed in March 2008 ● 7 blocks of 20 storeys ● 105 units in each block ● Private lift and private lobby ● Unit has a view of Royal Selangor Golf Club and the greenery of Jalan Stonor ● Two car parks ● Maintenance fee is 48 sen psf According to the agent, Daniel Wong of Sang Associates, the selling price of this unit was slightly below market price owing to the slow market.
.jpg)
Paramount Blossom ties up with China firms to develop RM650 mil Seremban residential project
PUTRAJAYA (Jan 5): Paramount Blossom Sdn Bhd is collaborating with Fujian Hexinyuantong Investment Co Ltd and China Railway Liuyuan Group Co Ltd to develop a RM650 million property project on 77 acres of land in Seremban, Negeri Sembilan.
Gabungan AQRS bags RM360.98 mil construction job in Kuantan
KUALA LUMPUR (Jan 5): Gabungan AQRS Bhd has bagged a RM360.
Construction sector to normalise to RM25 bil this year, says HLIB Research
KUALA LUMPUR (Jan 4): The Malaysian construction sector is expected to see downward normalisation this year, in which the domestic contract is projected to come in at RM25 billion, after achieving a record higher base in 2016, according to Hong Leong IB Research (HLIB).
Less job awards but better construction earnings expected
KUALA LUMPUR (Jan 3): The construction sector is expected to remain a bright spot amid the less-than-rosy prospects of the wider domestic and global economies — which are facing a multitude of uncertainties — with better earnings anticipated following the exceptional value of job awards seen last year.
Lendlease spreads its bets across key global cities
AFTER assuming the role of Lendlease CEO for Asia in May, Tony Lombardo moved to Singapore.
EcoWorld builds hassle-free business parks in Johor
THE interview with Eco World Development Group Bhd president and CEO Datuk Chang Khim Wah and divisional general manager Datuk Hoe Mee Ling was held in the sales gallery — two factory lots combined — in EcoWorld’s Eco Business Park I (EPB I) in Tebrau, Johor.
