News about UK

Construction sector Maintain overweight: Development expenditure for 2017 has been set at RM46 billion, which is flattish at +2% year-on-year (y-o-y).

THE London property market has been under scrutiny since before the UK’s vote to leave the European Union (Brexit).

SINGAPORE (Jan 10): Property firm Sim Lian Group will be opening its first mixed-use development, Hillion Mall, on Feb 24 as “Singapore’s first integrated development and transport hub in the West”.

PETALING JAYA (Jan 9): Boutique developer Trinity Group Sdn Bhd’s RM370 million gross development value (GDV) Trinity Aquata condominium project, which is located in KL South, is slated to be completed by mid-2019, according to the company founder and managing director Datuk Neoh Soo Keat.

PETALING JAYA (Jan 5): M101 Holdings Sdn Bhd is targeting to handover the Small-office Flexible-office (SoFo) units in M101 Dang Wangi by 2H2017, according to the company’s founder and CEO Datuk Seth Yap Ting Hau.

KUALA LUMPUR (Dec 28): Iris Corp Bhd, known as developer of the world’s first electronic passport, saw its share price fall as much as 13% to an intraday low of 10 sen yesterday, after its co-founder and major shareholder sold a substantial stake in the group.

KUALA LUMPUR (Dec 28): Mitrajaya Holdings Bhd shares rose 1.

PETALING JAYA (Dec 24): Despite the soft high-rise residential market in Johor, it is a different story for the industrial sector, which is driven by need and not speculation.

KUALA LUMPUR (Dec 23): Iris Corp Bhd group managing director and chief executive officer Datuk Tan Say Jim has ceased to be a substantial shareholder of the company after disposing of 56.

KUALA LUMPUR (Dec 20): O&C Resources Bhd (OCR) has bagged a RM155 million contract to develop a project located in Jalan Alam Sutera Utama, Bukit Jalil here at a gross development cost of RM131.