UEM Sunrise’s Canada land disposal seen to be completed by 3QFY2017
UEM Sunrise Bhd (March 14, RM1.
L&G’s RPT deal catches MSWG’s attention
KUALA LUMPUR (March 15): Land & General Bhd’s (L&G) related party transaction (RPT) proposal to take over five property firms from its major shareholder, Malaysia Land Properties Sdn Bhd (Mayland), for RM344 million cash has caught the Minority Shareholder Watchdog Group’s (MSWG) attention as questions remain over the deal.
EL Development sells 43 Parc Riviera units in one week
EL Development sold 43 units at Parc Riviera between Feb 14 and 21, making the 752-unit development on West Coast Vale the top-selling condominium in the week.
Making retail malls great again
THE secret to happiness is to spend money on experiences and not things, says Thomas Gilovich, a psychology professor at Cornell University.
IWCity share price rally takes a breather
KUALA LUMPUR (March 14): Iskandar Waterfront City Bhd’s (IWCity) share price falls 13 sen or 5% to RM2.
Breaking up Sime Darby is a smart move — Aberdeen CEO
KUALA LUMPUR (March 14): Sime Darby Bhd’s decision to unlock value for its shareholders by breaking its conglomerate structure into three distinct pure play companies is a smart move, said Aberdeen Asset Management plc co-founder and chief executive officer (CEO) Martin Gilbert.
$4.92 mil loss at Orchard Scotts
THE top two losses for private non-landed homes sold in the week of Feb 14 to 21 were for units in Orchard Scotts, a 99-year leasehold condominium in prime District 9 completed in 2008.
Malaysia’s zero-energy tiny home in the making
IN hot and humid Malaysia, when one hears the word off-grid, zero-waste, carbon neutral and water-efficient homes, what comes to mind are uncomfortable basic dwellings.
