PNB sells Brisbane office building for A$370m
KUALA LUMPUR (Dec 7): Permodalan Nasional Bhd (PNB) has sold Santos Place, a prime-grade office building at 32 Turbot Street, Brisbane, Australia for A$370 million (RM1.
JLL Malaysia: Temporary development curbs will bring “much-needed” relief
PETALING JAYA (Nov 21): The temporary freeze on approvals for the development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million will be a much-needed relief for landlords or owners of office and residential buildings as it will allow the market to absorb the existing large supply through rising population growth, urbanisation and migration to cities, said JLL Malaysia associate director, research and consultancy Veena Loh.
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S P Setia to focus on enhancing value of I&P land in 2018
KUALA LUMPUR (Nov 16): S P Setia Bhd will focus on enhancing the value of the 4,276 acres of land in the Klang Valley and Johor that it stands to inherit from I&P Group Sdn Bhd once its acquisition of the latter is completed this month.
PRG formalises collaboration with Jiangsu Provincial Construction
KUALA LUMPUR (Oct 26): PRG Holdings Bhd (pictured) today signed a collaborative agreement with Jiangsu Provincial Construction (M) Sdn Bhd (JPC) to venture into highway, bridge, port, housing development, as well as project investment and financing projects in Malaysia and abroad.
Trive gains 30% on RM1.1b project MOU
KUALA LUMPUR (Oct 20): Trive Property Group Bhd shares gained as much as six sen or 30% after the company announced it is in exclusive talks for the proposed appointment of Trive as turnkey contractor for a planned RM1.
Trive Property in talks for turnkey contractor job for Syarikat Perumahan Negara project
KUALA LUMPUR (Oct 20): Trive Property Group Bhd said it had inked a preliminary agreement to negotiate for its appointment as the turnkey contractor to build affordable homes for Syarikat Perumahan Negara Bhd (SPNB) in a project worth RM1.
PRG to develop affordable housing with SPNB in Ipoh
KUALA LUMPUR (Oct 11): PRG Holdings Bhd is set to develop its first affordable housing development in Ipoh, Perak with Syarikat Perumahan Negara Bhd (SPNB) once it has acquired the parcels of land there for the remaining sum of RM8.
New hotel brand in Malaysia to debut at Merdeka PNB 118 Tower
PUTRAJAYA (Sept 29): Soon-to-be Malaysia’s tallest structure, the Merdeka PNB 118 Tower that is being built by Permodalan Nasional Bhd (PNB) will see a new hotel brand making its debut in the country.
PNB foresees 'jump' in 4Q private investment gains from SP Setia-I&P merger
PUTRAJAYA (Sept 29): Permodalan Nasional Bhd (PNB) expects strong income growth in 2017’s fourth quarter (4Q) upon completion of SP Setia Bhd’s RM3.
Consider new ways to sustain the property market
PETALING JAYA (Sept 29): The Malaysian property market has been rather lacklustre in recent years.
