London City Island opens bridge, partners National Ballet
LONDON (July 2): Eco World Ballymore Holdings Co Ltd celebrated the completion of the new London City Island bridge and its partnership with the English National Ballet here yesterday.
Kenanga Research maintains overweight on construction sector
KUALA LUMPUR (July 2): Kenanga IB Research maintained its overweight call over the construction sector, as it is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.
MRCB tipped to refurbish National Sports Complex for RM1bil
Malaysian Resources Corporation Bhd (July 1, RM1.
PROPERTY SNAPSHOT What’s hot in Setapak?
Today, we look at price growth and indicative asking rental yields for non-landed residences in Kuala Lumpur’s Setapak area.
Setia EcoHill 2 to launch in 1Q2016
SP Setia Bhd plans to launch the newly approved Setia EcoHill 2 — a 1,010-acre township with a gross development value of RM5 billion — next year.
Home prices trend sideways on Johor secondary market
PRICES of homes on Johor Baru’s secondary market remained firm in 1Q2015, according to The Edge-KGV International Property Consultants Johor Baru Housing Monitor for the period.
Claims of housing glut in Iskandar inaccurate, says IRDA
JOHOR BAHRU (July 1): Demand for medium, affordable and low-cost housing in Johor’s Iskandar region remains strong, says Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim.
Tadmax: Valuation of Pulau Indah land sale to 1MDB not subject to SC approval
KUALA LUMPUR (June 30): Tadmax Resources Bhd clarified today that the valuation of its Pulau Indah land for sale to 1Malaysia Development Bhd (1MDB) was not subject to approval by the Securities Commission Malaysia (SC).
Matrix Concepts sees new property ruling to boosts GDV
PETALING JAYA: Matrix Concepts Holdings Bhd said the Negeri Sembilan government’s move to change its affordable housing policy and bumiputera quota will enable a project’s gross development value (GDV) to increase, in a report by The Edge Malaysia (June 29 – July 5 2015 issue), “The people will ultimately benefit as there will be more affordable housing, while developers can still make a profit,” Matrix Concepts founder and group managing director Datuk Lee Tian Hock told the weekly.
Sunway Construction Group sets dividend policy of 35%
PETALING JAYA (June 29): Sunway Construction Group Bhd (SCG) has set a dividend policy of paying out 35% of its annual core profit once it has been listed to enable its shareholders “to participate in the group’s profit”, according to its prospectus of its initial public offer.
