Tan Say Jim ceases to be Iris Corp substantial shareholder
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.
2017 rail theme positive for construction sector
Construction sector Maintain overweight: Last Friday, a day after the official launch of phase 1 of the mass rapid transit (MRT) Sungai Buloh-Kajang (SBK) line, we hosted a group tour for 10 domestic fund managers to experience the country’s first MRT system.
Boustead sees RM527 mil windfall from land sale to S P Setia
KUALA LUMPUR (Dec 23): Boustead Plantations Bhd, which is selling five adjoining plots of freehold land in Penang for RM620.
Country Heights gets another loan extension from major shareholder Lee
KUALA LUMPUR (Dec 23): Country Heights Holdings Bhd said its executive chairman and major shareholder Tan Sri Lee Kim Yew has agreed to a further extension of the tenure of a "friendly" loan for another 12 months until Dec 21, 2017.
DONE DEAL: Solaris Dutamas serviced residence, Kuala Lumpur
Sold for: RM975,000 (RM920 psf) Concluded by: Ann Soh (REN 03232) of One Sunterra Properties (018-369 8650) When: June 2016 Noteworthy: ● Freehold ● Built-up: 1,060 sq ft ● Completed in 2009 ● Developed by Sunrise Bhd (now UEM Sunrise) ● 2 bedrooms, 2 bathrooms ● Located above a mall According to the agent, Ann Soh of One Sunterra Properties, the unit is located on the 16th floor of Publika, a shopping mall favoured by expats.
Tanah Makmur bags RM415.5 mil Pahang job
KUALA LUMPUR (Dec 22): Plantation firm Tanah Makmur Bhd’s subsidiary has bagged a contract to develop Pahang’s new state administrative complex for RM415.
Low demand to impact businesses
THE Kuala Lumpur office market will remain restrained in the near future despite opportunities for investors, institutional funds and real estate investment trusts.
MRT Corp: Linkways between stations and buildings the responsibility of property owners
PETALING JAYA (Dec 20): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) today explained that the linkways from stations to adjacent privately-owned buildings are supposed to be built by the property owners at their cost and according to their construction schedules This explanation from MRT Corp came about after users of the Sungai Buloh-Kajang (SBK) Line, which commenced operations last Friday (Dec 16), commented that pedestrian linkways were not completed along with the MRT stations.
Phase 1 of Gamuda Land’s Kundang Estates fully sold
PETALING JAYA (Dec 20): Gamuda Land Sdn Bhd, the property arm of Gamuda Bhd, has fully sold out phase 1 of its 90-acre Kundang Estates in Kundang, Selangor during its launch in end-November.
