News about S

KUALA LUMPUR (Sept 30): Iskandar Waterfront City Bhd (IWCity) is buying two parcels of freehold land in Pulai, Johor, for RM90 million, for which it plans to develop a mixed project.

KUALA LUMPUR (Sept 30): Naza Engineering and Construction Sdn Bhd bagged the Best Project award for major buildings above RM100 million at the Malaysian Construction Industry Excellence Awards (MCIEA), Bernama reported today.

PETALING JAYA (Sept 30): Sunway Property has expressed hopes that the government can continue with policies that encourage property purchase and ownership in its Budget 2017 proposals.

OSK Holdings Bhd’s offer to takeover PJ Development Holdings Bhd (PJD) is deemed “not fair but reasonable”, according to independent advisor MIDF Investment Amanah Bank Bhd, and shareholders and warrant holders are recommended to accept the offer.

PETALING JAYA (Sept 29): Singapore-based Beverly Group Sdn Bhd — a subsidiary of Singapore-registered Qingdao Investments Pte Ltd — will be unveiling Lexa Residence in Wangsa Maju, Kuala Lumpur on Oct 2, 2016.

NON-landed residential projects on Penang island have performed better than landed homes on the island in recent years.

KUALA LUMPUR (Sept 30): PRG Holdings Bhd, which is involved in manufacturing, property development and construction businesses, is considering listing its manufacturing division on the Growth Enterprise Market of the Stock Exchange of Hong Kong Ltd.

Gamuda Bhd (Sept 29, RM4.

KUALA LUMPUR (Sept 30): Sunway REIT Management Sdn Bhd non-independent non-executive chairman Tan Sri Dr Jeffrey Cheah Fook Ling (pictured) will relinquish his position effective today, as part of efforts to enhance board independence.

PETALING JAYA (Sept 30): Improved connectivity, security and comfort of living are the three main factors that homebuyers look forward to when it comes to innovation.