‘Property outlook to remain subdued as lending stays tight’
KUALA LUMPUR (Dec 29): Property developers are expected to register another year of slow performance in 2017 amid a lack of catalysts for the segment, as cooling measures introduced by the central bank to rein in speculation continue to be the main hurdle for property companies.
Mulpha to subscribe for US$60 mil notes
KUALA LUMPUR (Dec 29): Mulpha International Bhd said it is subscribing for US$60 million (RM268.
Econpile, China firm JV bags RM389 mil SUKE contract
KUALA LUMPUR (Dec 29): Econpile Holdings Bhd, along with its joint venture (JV) partner China Communications Construction Co (M) Sdn Bhd (CCCC), has won an RM389.
Rafizi: MRT Line 1's RM21 bil cost excludes RM7 bil paid to consultant
KUALA LUMPUR (Dec 28): PKR lawmaker Rafizi Ramli today reminded that the final development cost for Klang Valley Mass Rapid Trasit (MRT) Line 1 should include RM7 billion payable to project consultant MMC Gamuda KVMRT (T) Sdn Bhd (KVMRT).
De Centrum Mall secures Super Seven Supermarket as anchor tenant
KAJANG, SELANGOR (Dec 28): Supermarket chain Super Seven will have its fifth outlet located at De Centrum Mall in Kajang.
Yanlord to develop S$1.6 bil on prime integrated development on Nanjing Eco-Island
SINGAPORE (Dec 28): Yanlord Land Group, the China-focused developer, is embarking on a prime integrated project on the Sino-Singapore Nanjing Eco Hi-Tech Island.
Ceylonz Suites launch sees encouraging response
KUALA LUMPUR (Dec 28): Some 43% of the 442 studio office units at Ceylonz Suites were taken up three weeks after its official launch, according to developer Exsim Development Sdn Bhd.
Selangor Properties' 4Q profit plunges 88% to RM57.4m
KUALA LUMPUR (Dec 28): Selangor Properties Bhd’s net profit for the fourth quarter ended Oct 31, 2016 (4QFY2016) plunged 88.
Iris Corp closes at 11-year low
KUALA LUMPUR (Dec 28): Iris Corp Bhd, known as developer of the world’s first electronic passport, saw its share price fall as much as 13% to an intraday low of 10 sen yesterday, after its co-founder and major shareholder sold a substantial stake in the group.