TRX City invites contractors for pre-qualification exercise

KUALA LUMPUR (May 30): Tun Razak Exchange master developer TRX City Sdn Bhd (TRX City) is inviting contractors to participate in a pre-qualification exercise for a proposed traffic dispersion and improvement to part of Jalan Tun Razak (JTR), and the construction of the TRX ingress and egress.

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Tien Wah, Lum Chang to jointly develop mixed-use project

KUALA LUMPUR (May 17): Printing firm Tien Wah Press Holdings Bhd is teaming up with Singapore-listed Lum Chang Holdings Ltd to jointly develop a 13,040 sq m piece of land in Jalan Semangat, Petaling Jaya, Selangor into a mixed-use commercial development.

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LBS Bina expects sales cancellation rate of 30% this year

KUALA LUMPUR (May 4): Property developer LBS Bina Group Bhd expects 30% of its overall project sales to be cancelled this year — the same ratio it saw last year — due mostly to buyers failing to obtain loans following cooling measures for the property market that were introduced by the central bank.

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E&O aborts UK unit’s planned London Stock Exchange listing

KUALA LUMPUR (April 21): Eastern & Oriental Bhd (E&O) has cancelled the proposed admission of the securities of its indirect wholly-owned Eastern & Oriental Property (UK) Ltd (E&O UK) to trade on the London Stock Exchange (LSE), citing unstable global market conditions and exchange rate volatility as the reasons.

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I-Bhd launches KLCC luxury condo from RM2,300 psf

KUALA LUMPUR (March 14): I-Bhd unveiled its high-end 8 Kia Peng residences – its first project outside its flagship 72-acre i-City “ultrapolis” development in Shah Alam – in the city centre, which has a gross development value (GDV) of RM1 billion.

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