News about US

KUALA LUMPUR (Nov 13): Encorp Bhd has entered into a joint venture (JV) with an Australian developer to jointly undertake a proposed mixed development in Australia that has an estimated gross development value of A$75.

“SUSTAINABLE properties today should be efficient, forward-looking and future-proof,” says Dr Thomas S K Tang, sustainability director of consultancy firm AECOM Malaysia.

KUALA LUMPUR (Nov 11): The trustee of Axis Real Estate Investment Trust (Axis-REIT), RHB Trustees Bhd, has signed a sale and purchase agreement with Axis AME IP Sdn Bhd to acquire four plots of freehold land in Johor for RM61 million.

KUALA LUMPUR: S P Setia Bhd, the country’s biggest listed developer by sales, will be submitting its proposal for the old Royal Adelaide Hospital (RAH) site in Australia early next year.

IT’S one of the biggest decisions of your life.

PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.

PETALING JAYA (Nov 6): The Employees Provident Fund (EPF) has invested RM250 million into the AREA Industrial Development Fund (AIDF-1), for a 40% share, said EPF CEO Datuk Shahril Ridza Ridzuan at the launch of the fund yesterday.

SYDNEY (Nov 5): IGB Corp Bhd expanded its hospitality operations to Australia with the official opening of The Tank Stream Hotel in Sydney yesterday at an event officiated by Carol Giuseppi, the CEO of Tourism Accommodation Australia.

JOHOR BAHRU (Nov 7): IJM Land Bhd’s new township project, Austin Duta at Mount Austin here, saw the first phase comprising 2-storey terraced houses achieving a take-up rate of about 60%.

KUALA LUMPUR (Nov 4): S P Setia Bhd, the country’s biggest listed developer by sales, in a joint venture (JV) with Investec Australia Ltd (IAL), has been shortlisted to bid for the contract to transform the A$500 million (RM1.