Affin’s land deal is affordable but pricey

KUALA LUMPUR (Aug 12): Besides the bearish market sentiment, the purchase of land in Tun Razak Exchange (TRX) at a record high transaction price has accelerated the fall in Affin Holdings Bhd’s share price, which hit a 3½-year low yesterday.

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Affin Bank buys land from 1MDB

KUALA LUMPUR (Aug 11): Affin Bank Bhd, which is controlled by Lembaga Tabung Angkatan Tentera (LTAT), is paying RM255 million cash to buy a parcel of land in the Tun Razak Exchange (TRX) — a property development project wholly owned by 1Malaysia Development Bhd (1MDB).

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Hua Yang launches first MyHome project

PERAK (Aug 10): Hua Yang Bhd has officially launched the first phase of its Seri Andaman homes on Saturday, which is also the group’s first property offering under the government’s MyHome scheme.

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WCT’s Paradigm Mall reshuffles tenants

KUALA LUMPUR (Aug 10): The departure of 53, or 18%, of tenants in WCT Holding’s Paradigm Mall has left behind vacancies that have yet to be taken up in the mall’s first wave of tenancy renewals since it opened for business about three years ago the digitaledge Daily reported today.

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