TRX City’s net profit drops 55%
PETALING JAYA (June 17): TRX City Sdn Bhd, the property development arm of 1Malaysia Development Bhd (1MDB), achieved a net profit of RM380.
TRX City invites contractors for pre-qualification exercise
KUALA LUMPUR (May 30): Tun Razak Exchange master developer TRX City Sdn Bhd (TRX City) is inviting contractors to participate in a pre-qualification exercise for a proposed traffic dispersion and improvement to part of Jalan Tun Razak (JTR), and the construction of the TRX ingress and egress.
Tabung Haji not selling TRX land but developing it into high-end apartments
KUALA LUMPUR (Feb 4): Lembaga Tabung Haji said it will be developing the 1.
1MDB to close Bandar Malaysia deal by year end
KUALA LUMPUR (Dec 29): 1Malaysia Development Bhd (1MDB) is near to sealing an agreement with a prospective partner to sell 60% of its shares in Bandar Malaysia Sdn Bhd before the year ends.
The Intermark, TRX and KL Sentral stand out in 2015
BELIEVE it or not, the year 2015 can be considered one of the most vibrant in the history of the local property sector despite a general slowdown.
1MDB Real Estate is now TRX City
KUALA LUMPUR (Dec 17): Debt-laden strategic development company 1Malaysia Development Bhd’s (1MDB) property arm, 1MDB Real Estate Sdn Bhd (1MDB RE), is now known as TRX City Sdn Bhd.
PKR wants Affin owner to review TRX land buy, citing conflict of interest
KUALA LUMPUR (Aug 12): PKR wants Armed Forces Fund Board (LTAT) to compel its associate company Affin Holdings Bhd and Affin Bank Bhd to review its recent purchase of land in 1Malaysia Development Bhd's (1MDB) Tun Razak Exchange (TRX) project, citing conflict of interest.
Affin buys land in TRX for RM255 mil to house new HQ
KUALA LUMPUR (Aug 10): Affin Holdings Bhd's banking unit Affin Bank Bhd announced today that it is acquiring a tract of land measuring 823,439 sq ft in the Tun Razak Exchange (TRX), to develop its new headquarters, for RM255 million.
1MDB's Bandar Malaysia eyes consortiums, construction to start as early as 2017
KUALA LUMPUR (June 30): The scale of 1Malaysia Development Bhd's (1MDB) Bandar Malaysia mixed-use development here may require the combined expertise and financial strength of consortiums to ensure its success.
1MDB begins request for proposal process for Bandar Malaysia
KUALA LUMPUR (June 22): 1Malaysia Development Bhd (1MDB) said the request for proposal (RFP) process for its Bandar Malaysia development here has begun, with its wholly-owned subsidiary 1MDB Real Estate Sdn Bhd (1MDB RE) calling for development partners.
