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KUALA LUMPUR (June 16): Property developer Glomac Bhd, whose latest quarterly profit has fallen 26% according to its bourse filing yesterday, is planning RM1.

KUALA LUMPUR (June 16): Malaysia Smelting Corp Bhd (MSC) is buying three parcels of land at Pulau Indah Industrial Park, Westport — along with plant and machinery on the properties — for RM50 million.

KUALA LUMPUR (June 16): Eco World Development Group Bhd (EcoWorld) signed the deed of revocation and rescission yesterday with the Penang Development Corp (PDC) after their mutual decision to rescind the award of the proposed RM10 billion Eco Marina project in Batu Kawan, Penang, to the developer.

PETALING JAYA (June 16): Encorp Bhd is confident of its integrated township development project in Bukit Katil, Melaka, in spite of the soft property market.

•    Today, we look at price growth and indicative rental yields for non-landed homes in Tropicana/Sunway Damansara.

SINGAPORE (June 15): Property group CapitaLand announced that it is setting up a venture fund, C31 Ventures, to tap global tech start-ups in its ongoing effort to “innovate and build real estate of the future”.

SERI KEMBANGAN (June 15): Sapura Resources Bhd will channel proceeds from the sale of its education assets towards its RM1.

KUALA LUMPUR (June 15): The Penang government has issued a halt order on the 83%-complete feasibility studies and detailed design (FSDD) for the 7.

KUALA LUMPUR (June 15): The expected higher taxes for foreign buyers of residential properties in the Australian state of New South Wales (NSW) are not expected to have much effect on Malaysian developers there, say analysts.

KUALA LUMPUR (June 15): There has been no final decision made on toll hike for eight highways as negotiations are still ongoing, said the Association of Highway Concessionaires Malaysia.