Ekovest plans to pay RM245 mil special dividend
KUALA LUMPUR (Nov 9): Ekovest Bhd intends to distribute RM245 million as special dividend to shareholders, which accounts for 21.
Medini Iskandar on the look-out for partners to kick-start The Compass
PETALING JAYA: Medini Iskandar Malaysia Sdn Bhd (MIM) is open to joint venture opportunities with real estate developers and operators for the development of The Compass in Medini Iskandar, Johor, said its managing director and CEO Datuk Khairil Anwar Ahmad.
Market left guessing Desmond Lim’s plans
KUALA LUMPUR (Nov 3): Tan Sri Desmond Lim Siew Choon’s emergence as the single-largest shareholder of WCT Holdings Bhd on Tuesday has got the market speculating about his plans for the construction group as well as Malton Bhd and Pavilion Real Estate Investment Trust (REIT), in which he has 35.
Release ECRL feasibility study, say opposition MPs
KUALA LUMPUR (Nov 3): Opposition members of parliament (MPs) have questioned several aspects of the RM55 billion East Coast Rail Line (ECRL) project, including pricing, alleged lack of transparency, and the need for the project.
Government should provide land near MRT stations for affordable homes, says Rehda
PETALING JAYA (Nov 2): The government should consider setting aside 50% of the land near Mass Rapid Transit (MRT) stations for affordable homes, the Real Estate and Housing Developers’ Association Malaysia (Rehda) said, Bernama reported today.
Malaysia, China seal RM55 bil ECRL deal
KUALA LUMPUR (Nov 2): Malaysia has secured Chinese construction expertise and financing for the proposed East Coast Rail Link (ECRL), estimated to cost RM55 million, during Prime Minister Datuk Seri Najib Razak’s week-long official visit to the republic which began yesterday.
S P Setia opens new extension to Setia City Convention Centre
SHAH ALAM (Nov 1): S P Setia Bhd has opened its newly completed 11,800 sq m Setia City Convention Hall 1&2 at Setia City Convention Centre in Setia Alam, Shah Alam to cater to a growing demand for meetings, incentives, conventions and exhibitions (MICE) activities.
PR1MA loan applicants’ Account 2 to be ring-fenced
KUALA LUMPUR (Nov 1): The Employees Provident Fund (EPF) said applicants of the “step-up” end-financing scheme for the 1Malaysia People’s Housing Programme (PR1MA) — which was announced in Budget 2017 — will not be able to make any other withdrawals from their EPF Account 2, at least not until their PR1MA loan is settled.
Pavilion REIT casts an eye over greenfield projects
Pavilion Real Estate Investment Trust (PavREIT) may be looking at buying developmental projects, possibly Pavilion Bukit Jalil and Pavilion Damansara Heights, taking advantage of the new guidelines proposed by the Securities Commission Malaysia (SC), which will allow the participation of REITs in greenfield projects.
Sunway REIT gains upper hand on prices
KUALA LUMPUR (Oct 31): Time is on Sunway Real Estate Investment Trust’s (Sunway REIT) side.
