UEM Sunrise to sell Imperia Building to parent for RM137.8m cash

KUALA LUMPUR (June 30): Property developer UEM Sunrise Bhd announced that its wholly-owned unit UEM Land Bhd and Bandar Nusajaya Development Sdn Bhd (BND) has signed a sale and purchase agreement with its major shareholder UEM Group Bhd to dispose of Imperia Building in Iskandar Malaysia, Johor, for RM137.

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JB secondary housing growth stagnant

KUALA LUMPUR (June 5): Johor Baru’s residential market showed no growth in values and transactions in the first quarter of this year (1Q2015), according to the latest edition of The Edge-KGV International Property Consultants Johor Baru housing monitor.

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