DONE DEAL: Reed @ Lake Fields, Sungai Besi
Rented for: RM3,400 per month Concluded by: C N Liew of GS Realty (014-2270307) When: June, 2015 Noteworthy: * 1,920 sq ft land area * 3,300 sq ft built-up * Current asking price is RM1.
UEM Sunrise plans to issue RCPS instead of new shares to raise up to RM793 mil
KUALA LUMPUR (Sept 17): UEM Sunrise Bhd (UEMS) and its major shareholder UEM Group Bhd (UEMG) have mutually agreed to terminate a previous share subscription agreement and replace it with a subscription agreement for the proposed issuance of up to 793 million new UEMS redeemable convertible preference shares (UEMS-RCPS), in light of recent movements in the market price of UEMS shares.
Glomac sees flattish 1Q profit amid soft property market
KUALA LUMPUR (Sept 17): Glomac Bhd’s net profit for the first quarter ended July 31, 2015 (1QFY16) came in almost flat at RM21.
EcoWorld's 3Q net profit comes in at RM9.4 mil
KUALA LUMPUR (Sept 17): Eco World Development Group Bhd (EcoWorld) has posted a net profit of RM9.
Pavilion REIT to acquire da:mén USJ shopping mall for RM488mil
KUALA LUMPUR (Sept 17): Pavilion Real Estate Investment Trust (REIT) has proposed to acquire da:mén USJ shopping mall for RM488 million.
The Edge–Mah Sing Millionaire Contest winner buys his dream home
VIEW VIDEO KUALA LUMPUR (Sept 17): Newly minted millionaire of The Edge-Mah Sing Millionaire (TEMS MILLIONAIRE) challenge, Brian Lim Choon Wah, has decided to redeem his RM1 million gift voucher for a condominium unit in Icon Residence at Mont’Kiara, Kuala Lumpur today.
Perth-based Psaros introduces two projects to Malaysians
PETALING JAYA (Sept 17): Perth-based property developer Psaros will be introducing two residential projects in Australia, namely Sundance and Edge, to Malaysian investors this weekend.
Management, residents at loggerheads over fees in Ayer Itam
GEORGE TOWN (Sept 17): A property management agent has agreed to review its proposed hike in maintenance fees for five blocks of flats from Desa Mawar in Ayer Itam, near here, following objections from the residents.
Bid for LRT3 project met Prasarana criteria, says MRCB chief
KUALA LUMPUR (Sept 17): The tender awarded to Malaysian Resources Corporation Berhad (MRCB) and George Kent (M) Bhd for the Light Rail Transit 3 (LRT3) project is within the price range established by the project owner, Prasarana Malaysia Bhd.
Fututech slips as much as 4.1% on plans to buyout construction firms
KUALA LUMPUR, (Sept 17): Fututech Bhd's shares fell as much as 4.
