IWCity says unaware of reason behind share price rally
KUALA LUMPUR (May 16): Iskandar Waterfront City Bhd (IWCity) said it is unaware of the reason behind the spike in its share price yesterday.
IWCity, Ekovest fall after gaining on Bandar Malaysia cue
KUALA LUMPUR (May 16): Iskandar Waterfront City Bhd (IWCity) shares fell 7% while Ekovest Bhd dropped 5% on profit taking after the Malaysian Government confirmed IWH CREC Sdn Bhd is allowed to bid for the Bandar Malaysia real estate project again.
Minister calls for mandatory use of industrialised building system in construction industry
SHAH ALAM (May 16): A minister has called for the adoption of the industrialised building system (IBS) to be made mandatory for all players in the construction industry.
IWH CREC can bid for Bandar Malaysia again — PM's Department
KOTA KEMUNING (May 16): IWH CREC Sdn Bhd is allowed to bid for the Bandar Malaysia real estate project again as long as the offer is right for the Malaysian Government, according to Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan.
Singapore office capital values resilient despite challenges
SINGAPORE (May 15): Capital values for offices in Singapore have remained resilient despite declining rents and an influx in supply, according to Cushman & Wakefield.
Bina Darulaman 1Q net profit drops 88%
KUALA LUMPUR (May 15): Bina Darulaman Bhd's net profit fell 88% to RM279,000 in its first quarter ended March 31, 2017 (1QFY17), mainly due to a loss of interest income from the early settlement of financing for the Insaniah University College (KUIN) campus project.
Vacant residential tax will not greatly impact Melbourne market, says property consultant
MELBOURNE, Australia (May 15): The vacant property tax, which is set to be implemented in January next year in the state of Victoria, will not have a “catastrophic effect” on the local property market, said Charter Keck Cramer director James Mansour at a media briefing for Malaysian press on the Australian Property Market today.
First terraced homes at Eco Horizon and Eco Sun set for launch in 2H2017
PENANG (May 14): Eco World Development Group Bhd is targeting to launch the first phase of landed terraced homes at its Eco Horizon and Eco Sun complementary township developments in Batu Kawan, Penang sometime in 2H2017, Eco World Penang general manager Khoo Teck Chong told TheEdgeProperty.
Cheria Residences at Tropicana Aman, Kota Kemuning 80% sold
PETALING JAYA (May 12): Tropicana Corp Bhd’s Cheria Residences at Tropicana Aman near Kota Kemuning, Selangor has achieved 80% take-up to date.
Sunway City set to be smoke-free city
PETALING JAYA (May 12): Sunway Real Estate Investment Trust (Sunway REIT) has embarked on a sustainability campaign, “Clean Air – A Smoke Free Environment Project”, at Sunway REIT’s flagship asset, Sunway Pyramid Shopping Mall.
