News about UN

Sunway Construction Group Bhd (April 19, RM1.

THE controlling shareholders of property developer Magna Prima Bhd are understood to be looking to hive off a large stake of about 30% in the company, sources say.

THE recently announced tender schedule for the estimated RM30 billion Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya Line (SSP Line), or MRT2, promises exciting times for the construction sector over the next few months.

KOTA KEMUNING (April 18): Eco World Development Group Bhd (EcoWorld) will be unveiling the first phase of its Eco Sanctuary City development – Eco Somerset lifestyle shop offices in the Eco Sanctuary township at the south of Kota Kemuning – on April 24, said Eco Sanctuary general manager Ho Kwee Hong.

CapitaLand Malaysia Mall Trust (April 15, RM1.

SINGAPORE (April 18): Jennifer Chang, chief operating officer of property developer Top Global, describes the Singapore property scene as being at a “standstill” amid weak demand and a supply glut in the market.

FROM a real estate investor to becoming a leader in development companies and now an author of a first-of-its-kind real estate book, Dr James Tee (pictured) attributes his journey in the industry to his sense of curiosity.

STRATA living is the norm in land-scarce areas such as Kuala Lumpur and other cities in Malaysia.

KUALA LUMPUR (April 15): UEM Sunrise Bhd’s managing director and chief executive officer Anwar Syahrin Abdul Ajib is taking a leave of absence from the property development group for personal reasons, with its parent’s group managing director Datuk Izzaddin Idris assuming his duties in the interim.

PETALING JAYA (April 15): Sunway Bhd is launching its third and final phase of properties at this Sunday in its Sunway Cassia residential development in Batu Maung, Penang this Sunday.