Sunway sets up RM5b sukuk programme
KUALA LUMPUR (Dec 15): Sunway Bhd will set up a RM5 billion perpetual Islamic medium term note (IMTN) programme to finance its investment activities, capital expenditure and for working capital.
Government will not bail out developers in trouble
PETALING JAYA (Dec 15): The government will not bail out property developers, especially those who fail to sell their high-end projects and get into financial problems, said Finance Minister II Datuk Seri Johari Abdul Ghani.
PR1MA signs Corruption-Free Pledge by MACC
PETALING JAYA (Dec 15): More than 300 staff of Perbadanan PR1MA Malaysia (PR1MA) signed the Corruption-Free Pledge (Ikrar Bebas Rasuah-IBR) introduced by the Malaysian Anti-Corruption Commission (MACC) today.
Johari confirms freeze applies nationwide but not a blanket ban
KUALA LUMPUR (Dec 15): Finance Minister II Datuk Seri Johari Abdul Ghani reaffirmed that the freeze on shopping mall, office and high-rise residential projects of RM1 million and above applies nationwide, but developers can still submit their project proposals for consideration.
Eco World International, Be Living to jointly develop 12 UK sites worth RM14b
KUALA LUMPUR (Dec 15): Eco World International Bhd (EWI) today signed an agreement with UK-based developer Be Living Holdings Ltd to jointly develop 12 sites in the UK with an estimated GDV of £2.
LBS Bina to launch projects worth RM1.68bn in 1Q18
PETALING JAYA (Dec 11): Property developer LBS Bina Group Bhd will launch affordable to mid-market non-landed properties with a cumulative GDV of RM1.
JKG eyes residential, commercial development in Bukit Cherakah
KUALA LUMPUR (Dec 8): JKG Land Bhd, formerly known as Keladi Maju Bhd, has teamed up with ISY Holdings Sdn Bhd to jointly develop a 130-acre piece of leasehold land in Bukit Cherakah, Selangor into predominantly residential and commercial properties.
Aeon Co counter-sued by Gemilang Waras over AEON Mall Bukit Tinggi alleged trespass
KUALA LUMPUR (Dec 7): Aeon Co (M) Bhd, which is suing developer Gemilang Waras Sdn Bhd (GWSB) on the renewal of lease for AEON Mall Bukit Tinggi in Klang, Selangor, is being counter-sued by the latter.
RM57b worth of housing loans approved for first-time homebuyers till September
KUALA LUMPUR (Dec 7): Home loans worth RM57 billion were approved by banking institutions to 142,558 first-time homebuyers from January until September this year.
Gamuda targets RM6b to RM8b orderbook replenishment in FY18
SHAH ALAM (Dec 7): Gamuda Bhd has targeted to replenish its construction orderbook by between RM6 billion and RM8 billion for its financial year ending July 31, 2018 (FY18).
