News about RAs

PETALING JAYA (April 7): IKEA Malaysia’s third store which is located in Jalan Desa Tebrau, Johor Bahru is slated to open by the end of next year, said store owner and operator Ikano Pte Ltd in a press statement today.

KUALA LUMPUR (April 1): Prasarana Malaysia Bhd, which targets to turn profitable in the second half of next year, said it is looking at spinning off some of its assets into a real estate investment trust (REIT) and pare down its debt.

THE story started in 2004 when Tan King Hong, Loh Kok Theng and See Cherng Jye were brought in to establish Yuwang Development Sdn Bhd, the property arm of Yuwang Group.

KUALA LUMPUR (March 16): Eupe Corp Bhd’s Novum South Bangsar project saw 70% of its 729 units booked since the project was launched on March 12, said sales and marketing manager Eric Choong.

KUALA LUMPUR (March 10): Luster Industries Bhd is collaborating with Koperasi Hartanah Malaysia Bhd (Kohama) to build 106 units of affordable houses within the Taman Tasik 1 Malaysia development in Pengkalan Hulu, Perak.

SUBANG JAYA (Feb 29): Titijaya Land Bhd believes that market demand for landed properties remains resilient and plans to roll out two landed projects in Cheras and Klang this year, which have a total estimated gross development value (GDV) of RM205.

PETALING JAYA (Feb 22): Sunway Bhd announced that its  property division will be launching  projects with a total gross development value (GDV) of RM1.

KUALA LUMPUR (Feb 5): Tan Sri Lim Kang Hoo-controlled Iskandar Waterfront Holdings Bhd (IWH) is again ruminating to take its shares public after shelving the plan indefinitely, according to The Wall Street Journal (WSJ), citing sources familiar with the matter.

PENANG (Feb 2): Berjaya Land Development Sdn Bhd, a wholly owned subsidiary of Berjaya Land Bhd, has awarded a contract for infrastructural works worth RM38.

THE Chinese New Year of the Monkey is almost upon us and a sense of excitement and renewal is in the air for the Chinese community here and the world over.