Eastern & Oriental’s proposed AIM listing terminated
Eastern & Oriental Bhd (April 21, RM1.
UEM Sunrise proposes RM2.5b sukuk debt notes to raise funds
KUALA LUMPUR (April 21): UEM Sunrise Bhd has proposed a RM2 billion Islamic commercial papers (ICP) programme and Islamic medium-term notes (ICP/IMTN-2) programme, with a sub limit of RM500 million for the ICP.
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Sime Darby Property to launch RM586.84 mil Cantara Residences in Ara Damansara this month
PETALING JAYA (April 16): Sime Darby Property Bhd will launch its RM586.
Astaka Holdings anticipates sales to spike in 2017
PETALING JAYA (April 14): Despite the generally pessimistic outlook of Johor’s property market, Johor-based developer Astaka Holdings Ltd is confident things will look up next year as the market exits its “corrective phase” and embarks on another surge of activity prompted by the growth of Iskandar Malaysia’s core sectors.
EcoWorld to launch maiden project in BBCC within two months
KUALA LUMPUR (April 13): Eco World Development Group Bhd (EcoWorld), which is confident of meeting its sales target of RM4 billion for the financial year ending Oct 31, 2016, said the maiden launch of its Bukit Bintang City Centre (BBCC) mixed-use development here is expected to be within the next two months.
Beautiful Château
Concept BEAUTIFUL Château began as a pottery business operating out of a house before widening its business to include furniture.
UK and Australian academics to present papers at IRERS
PETALING JAYA (April 8): The International Real Estate Research Symposium 2016 (IRERS) organised by The National Institute of Valuation (INSPEN) will see several eminent professors from the UK and Australia presenting papers based on the theme of this year’s symposium – Leading the Way: Innovation in Real Estate.
‘Mortgage rejection rates not as high as 50%’
KUALA LUMPUR (April 8): Malayan Banking Bhd (Maybank) president and chief executive officer Datuk Abdul Farid Alias (pictured), who is also chairman of the Association of Banks Malaysia (ABM), refuted claims that the rejection rate of housing loans has soared above 50% among the banks.
MyDeposit to aid middle-income first-timers to buy homes
Property sector Maintain underweight: On Wednesday, Prime Minister Datuk Seri Najib Razak (pictured) announced the launch of the First Home Financing Scheme (MyDeposit) as tabled in Budget 2016.
Federal government willing to give input on RM27b Penang Transport Master Plan
GEORGE TOWN (April 6): The Federal Government is willing to provide input on the RM27 billion Penang Transport Master Plan (PTMP), according to Works Minister Datuk Seri Fadillah Yusof (pictured).
