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KUALA LUMPUR (Nov 22): IGB Corp Bhd shareholders yesterday approved the proposed takeover of the group by Goldis Bhd, despite some dissatisfaction over the RM3 share valuation.

KUALA LUMPUR (Nov 21): UOA Development Bhd's net profit for its third quarter ended Sept 30, 2017 (3QFY17) dropped 18.

PETALING JAYA (Nov 21): The temporary freeze on approvals for the development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million will be a much-needed relief for landlords or owners of office and residential buildings as it will allow the market to absorb the existing large supply through rising population growth, urbanisation and migration to cities, said JLL Malaysia associate director, research and consultancy Veena Loh.

PETALING JAYA (Nov 21): The recent directive by the government to freeze approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million is seen as a misguided move by property consultancy firm Knight Frank Malaysia.

PETALING JAYA (Nov 21): Property developers handing over their debts and liabilities mainly in the form of water and electricity arrears to joint management bodies (JMBs) will evidently jeopardise proper maintenance by the JMBs, said the Malaysian Institute of Professional Property Managers (MIPPM).

PETALING JAYA (Nov 21):  The Real Estate and Housing Developers Association (Rehda) Malaysia hopes that the authorities will reconsider the new ruling to freeze approvals of developments, including condominiums priced above RM1 million, it said in a press statement today.

PETALING JAYA (Nov 21): IJM Corp Bhd (IJM) is developing Menara Prudential at the international financial district Tun Razak Exchange (TRX), said IJM and TRX City Sdn Bhd in a press statement today.

KUALA LUMPUR (Nov 21): Trading of Sime Darby Bhd's shares will be suspended on Nov 27 to facilitate the distribution of shares under the group's demerger exercise.

PETALING JAYA (Nov 21): Sime Darby Property Bhd’s latest launch in Subang Jaya, Lot 15 serviced apartment, has achieved a 64% take-up rate of its 204 units for sale during its weekend launch on Nov 18 and 19.

KUALA LUMPUR (Nov 21): Land & General Bhd (L&G) rose as much as 0.