Malaysia’s tallest building to be completed in 2Q18
PETALING JAYA (Dec 21): The Exchange 106 at Tun Razak Exchange is poised to be Malaysia’s tallest building once it is completed in 2Q18, according to the New Straits Times.
IOI Properties unit issues first sukuk tranche totalling RM100m
KUALA LUMPUR (Dec 21): IOI Properties Group Bhd's wholly-owned subsidiary Fortune Premiere Sdn Bhd (FPSB) has issued RM100 million sukuk to refinance its debt, fund its capital expenditure and for working capital.
Knight Frank: Bite-sized homes below RM1m supply to rise in 2018 on development freeze
PETALING JAYA (Dec 21): The recent freeze on four types of developments — including condominiums and serviced apartments priced from RM1 million — will introduce more shoebox dwellings with absolute prices below the threshold, said Knight Frank Malaysia Sdn Bhd research and consultancy executive director Judy Ong.
Berjaya Land dips 3.85% on poor 2Q earnings
KUALA LUMPUR (Dec 21): Berjaya Land Bhd (BLand), the controlling shareholder of Berjaya Sports Toto Bhd, fell 3.
Revision of stamp duty plan for luxury properties good news for sector, says MIDF Research
KUALA LUMPUR (Dec 21): The government's revised plan to maintain the stamp duty for luxury properties at 3% is positive for the property sector, according to MIDF Amanah Investment Bank Bhd Research.
GBH plans RM143m property purchase
KUALA LUMPUR (Dec 21): Ceramic products company Goh Ban Huat Bhd (GBH) is planning to buy several properties in Pontian, Johor, from three companies controlled by the family of its controlling shareholders, for RM143 million.
Malaysia ranked 35th in Forbes' 'Best Countries for Business 2018'
PETALING JAYA (Dec 21): Malaysia is ranked 35th out of 153 countries in Forbes’ “Best Countries for Business 2018”.
Sunway to enter Sabah’s pavement market via acquisition
KUALA LUMPUR (Dec 21): Sunway Bhd plans to enter Sabah’s pavement market through the acquisition of concrete block manufacturer Telipok Concrete Sdn Bhd for RM2.
Provision for impairment of RM155m drags BLand into loss in 2QFY18
KUALA LUMPUR (Dec 21): Berjaya Land Bhd (BLand), the controlling shareholder of Berjaya Sports Toto Bhd, posted a net loss of RM99.
Knight Frank: Malaysia’s residential market expected to soften further
PETALING JAYA (Dec 20): Malaysia’s residential market is expected to continue to soften, said global property consultancy Knight Frank in its Global House Price Index for 3Q17.
