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KUALA LUMPUR (June 3): Damansara Realty Bhd plans to raise up to RM150 million by issuing redeemable convertible notes to fund its property development activities and for working capital.

KUALA LUMPUR (June 3): Econpile Holdings Bhd has bagged a RM208 million contract to undertake bored piling and pile caps, diaphragm walls and earthworks, as well as foundation and substructure works for a mixed commercial development in Jalan Ampang here.

KUALA LUMPUR (June 3): The Master Builders Association Malaysia (MBAM) has voiced opposition to safeguard measures on steel products, arguing that without the free flow of imports, prices of steel bars may be uncontrollable.

ANYOUNG Haseyo! South Korea – read Korean dramas, K-pop and of course PSY’s galloping Gangnam Style – have undoubtedly touched the lives of many a Malaysian.

Rented for: RM11,000 Concluded by: Matt Tian (REN 01002) of Reapfield Properties KL Sdn Bhd (016-208 5108) When: April 2016 Noteworthy: • Freehold • Built-up: 5,305 sq ft • Land size: 5,500 sq ft • 5 rooms and 6 bathrooms • Leased for two years • Partially furnished with built-in wardrobes, cabinets with appliances for dry and wet kitchen, curtains, fans and air-conditioners, curtains and lights • Has a swimming pool and a spacious garden According to the negotiator, Matt Tian of Reapfield Properties KL Sdn Bhd, this house is owned by a local investor who is renting it out to an expatriate businessman.

PETALING JAYA (June 2): Eco World Development Group Bhd (EcoWorld) plans to launch its Harmoni apartments in its Eco Majestic township in Semenyih in the third quarter (3Q) of this year, Eco Majestic general manager Evon Yap told TheEdgeProperty.

KUALA LUMPUR (June 2): Higher costs of funding prompted some banks to raise their base rates (BR) and base lending rates (BLR) recently, the first time since January 2015, when the BLR structure was replaced with a new BR system.

KUALA LUMPUR (June 1): Aset Kayamas Sdn Bhd, a privately held property developer, has obtained a RM425 million bridging loan from Malaysia Building Society Bhd (MBSB) for its Park Hill Residence and 1Malaysia Civil Servants Housing (PPA1M) projects in Bukit Jalil here.

SINGAPORE-listed property firm UOL Group Ltd, which owns and operates the Parkroyal and Pan Pacific brands, will see its hospitality portfolio in Malaysia grow in the next two to three years as it adds two new hotels and expands an existing hotel asset in Kuala Lumpur.

GAMUDA Land’s first Australian project in Melbourne — 661 Chapel St — has recorded a take-up rate of 30% since its launch in Kuala Lumpur in June last year.