New housing category introduced for talented and skilled applicants in Penang
PENANG: The Penang government has created a new category of housing applicants for affordable homes – the talented and skilled.
Ewein incorporates unit in anticipation of next job
KUALA LUMPUR (June 2): Ewein Bhd, which is looking to bag the next parcel of land Consortium Zenith BUCG Sdn Bhd (CZBUCG) will be offering in Bandar Tanjong Pinang, Penang for development, is incorporating a new 60%-owned subsidiary called Ewein Zenith II Sdn Bhd in anticipation of the proposed project.
TA Global commences arbitration proceedings
KUALA LUMPUR (June 2): TA Global Bhd’s (TAG) wholly-owned unit Crystal Caliber Sdn Bhd (CCSB) has commenced arbitration proceedings against Saudi royalty-owned Kingdom Hotel Investments (KHI), following a dispute between the parties relating to the breach of the sale and purchase agreement (SPA) dated April 25, 2012, concerning a resort property in Thailand.
PROPERTY SNAPSHOT What’s affordable in Kerinchi/Pantai?
• The landscape in Kerinchi, Pantai and Bangsar South is quite diverse in terms of product offerings and prices.
Five joint-venture townships worth RM10 bil planned for Selangor
KUALA LUMPUR (June 1): Selangor’s newly incorporated sovereign wealth fund, Darul Ehsan Investment Group Sdn Bhd (DEIG), will be developing five townships in Selangor with a total gross development value (GDV) of RM10 billion, according to a report in The Edge Financial Daily today.
The unglamorous side of property investment
Property is widely considered a reliable investment when stocks plummet, bonds underperform and funds fall on rough ground.
LBS Bina surprises with new sales of RM234 mil in 1QFY2015
LBS Bina Group Bhd (May 29, RM1.
Prinsiptek expects better earnings beginning 2HFY15
KUALA LUMPUR (June 1): Prinsiptek Corp Bhd — which saw a 64% plunge in its latest quarterly net profit — is expecting better earnings from the second half of this year ending December (2HFY15) on progressive billing and revenue recognition from its construction and property projects, said managing director Datuk Foo Chu Jong.
E&O plans to list unit to help reduce gearing
KUALA LUMPUR (June 1): Eastern & Oriental Bhd’s (E&O) proposed listing of its UK-based subsidiary, Eastern & Oriental Property (UK) Ltd, on the London Stock Exchange by year-end will help the developer to reduce its gearing level, said analysts.
PROPERTY SNAPSHOT Growing interest South of Bangsar
• This week, we take a look at the non-landed residential properties in Kuala Lumpur’s Bangsar South, Pantai and Kerinchi areas.
