News about co

PETALING JAYA (April 4): Tan & Tan Developments Bhd’s Desa Kudalari condominium – Malaysia’s first condominium when it was completed over 30 years ago – may break new ground once more as it is likely to become the country’s first strata property to be sold on an en-masse basis.

KUALA LUMPUR (April 4): AmInvestment Bank said it does not preclude the possibility of seeing Peninsular-based contractors being invited to set up joint ventures (JVs) to bid for jobs, after The Edge Weekly reported that UEM Group Bhd, MMC Corp Bhd and Warisan Tarang Construction Sdn Bhd are teaming up for the Sabah portion of the Pan Borneo Highway.

KUALA LUMPUR (April 4): The shift of focus to affordable housing below the RM500,000 per unit range, which has been seeing more resilient demand than higher-end properties, may strain the margins of developers, especially those who are not traditionally involved in this housing category, said Kenanga Investment Bank.

PETALING JAYA (April 1): Acclaimed Iraqi-British architect Zaha Hadid, whose iconic projects include the London Olympics Aquatics Centre, the Bahrain International Circuit and the Beijing New Airport Terminal building has passed away at the age of 65 from a heart attack.

KUALA LUMPUR (March 31): S P Setia Bhd's unit Setia EcoHill Sdn Bhd is seeking an additional RM75 million to finance the development of a clubhouse and an international school at its Semenyih property development project.

KUALA LUMPUR (March 30): Although Kuala Lumpur City Hall (DBKL) has restricted approvals to develop new hotels, luxury apartments and office developments, the authorities will still allow applications for selected mixed commercial developments, said Federal Territories Minister Tengku Adnan Tengku Mansor.

Eco World Development Group Bhd (March 29, RM1.

KUALA LUMPUR (March 28): Despite the gloomy outlook on Malaysia’s economy, two major Japanese investors will invest substantially into the landmark redevelopment of Pudu Jail at Bukit Bintang here that is backed by the Employees Provident Fund (EPF).

Property sector Downgrade to underweight: The broad market has been rebounding on the back of a strengthening ringgit, while the economic outlook appears to have stabilised.

Gamuda Bhd (March 25, RM4.