Oriental Interest buys 222 acres of land worth RM129 mil
KUALA LUMPUR (May 24): Oriental Interest Bhd is buying 222.
E&O back in the black in 4Q; STP2A on track to complete in 2H18
KUALA LUMPUR (May 24): Property developer Eastern & Oriental Bhd (E&O) returned to the black in the fourth quarter ended March 31, 2017 (4QFY17), posting a net profit of RM49.
Wing Tai general offer seems unattractive
KUALA LUMPUR (May 24): Controlling shareholders of Wing Tai Malaysia Bhd (WTM) want to take the property developer and apparel retailer private at RM1.
‘Setiawangsa-Pantai Expressway alignment still intact’
KUALA LUMPUR (May 24): Ekovest Bhd has come out to say that the alignment of the Setiawangsa-Pantai Expressway (SPE), formerly known as the Duta-Ulu Kelang Expressway Phase 3 (DUKE 3), will not be affected by the recent termination of IWH CREC Sdn Bhd’s purchase of a 60% stake in Bandar Malaysia Sdn Bhd for RM7.
Signs of recovery in high-end condo segment in Singapore
Even on a weekday afternoon, real estate agents are ubiquitous at Gramercy Park: waiting for their clients at the basement carpark; touring the 170,000 sq ft manicured grounds, which include a 50m pool and clubhouse; or viewing the new show suites at the South Tower with prospective buyers.
Tower B of Quarza Residence at KL East to be launched early 2018
KUALA LUMPUR (May 23): Sime Darby Property is planning to launch the second tower of Quarza Residence at its KL East integrated development early next year.
Sarawak wants quicker way to develop NCR land
KUCHING (May 23): The state modernisation of agriculture, native land and regional development ministry has proposed an improved model to accelerate native customary rights (NCR) land development.
Matrix Concepts plans to raise RM250 mil via sukuk
KUALA LUMPUR (May 22): Matrix Concepts Holdings Bhd plans to raise up to RM250 million from issuance of Islamic commercial papers and/or medium term notes to finance future investments, working capital and capital expenditure.
CIDB acts against contractor for site safety negligence
PETALING JAYA (May 22): Construction Industry Development Board of Malaysia (CIDB) has taken legal action against the main contractor of KL Eco City development in Bangsar, Kuala Lumpur, for safety negligence in the collapse of a link bridge that caused the death of a site worker.
Time to allow mandatory IBS adoption to go ahead
KUALA LUMPUR (May 22): It is time for both the government and the private sector to go ahead to make industrialised building system (IBS) mandatory for adoption, with a deadline in mind instead of postponing it once again, Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan said.
