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.
Tabung Haji having problems selling TRX land, says Pua
KUALA LUMPUR (June 16): Pilgrims fund Lembaga Tabung Haji's delay in selling off its land at the Tun Razak Exchange (TRX), which it bought from troubled 1Malaysia Development Fund (1MDB), is an indication that it is having problems selling the land, said an opposition federal lawmaker.
1MDB says RM230 mil for TRX land justified
KUALA LUMPUR (June 16): 1Malaysia Development Bhd (1MDB) said it had paid RM230 million to acquire a 70-acre (3.
BN reps urge Tabung Haji not to sell TRX land bought from 1MDB
KUALA LUMPUR (June 16): Barisan Nasional lawmakers at Parliament late last night were urging Lembaga Tabung Haji not to sell the piece of land in the Tun Razak Exchange (TRX) that it bought from 1Malaysia Development Bhd (1MDB) — a purchase that has caused public outcry over the pilgrim fund bailing out the debt-laden strategic investment fund.
