News about development

KUALA LUMPUR (Nov 17): Malaysian Resources Corp Bhd plans to undertake a private placement of up to 20% of its issued and paid-up share capital to its major shareholder Gapurna Sdn Bhd and independent third-party investors to be identified later, which could raise up to RM612.

KUALA LUMPUR (Nov 13): Encorp Bhd has entered into a joint venture (JV) with an Australian developer to jointly undertake a proposed mixed development in Australia that has an estimated gross development value of A$75.

THE prime tract that Titijaya Land Bhd and its joint-venture partner Amona Development Sdn Bhd are eyeing is located near Berjaya Times Square in Imbi — within a 2km radius of the upcoming Tun Razak Exchange (TRX) — sources say.

KUALA LUMPUR (Nov 7): SkyWorld Development Sdn Bhd may be new in the local property market, but it has set an ambitious target -- it wants to be one of the top 10 property developers in the country within the next five years.

PETALING JAYA (Nov 6): The Employees Provident Fund (EPF) has invested RM250 million into the AREA Industrial Development Fund (AIDF-1), for a 40% share, said EPF CEO Datuk Shahril Ridza Ridzuan at the launch of the fund yesterday.

  PETALING JAYA, (Oct 30): Titijaya Land Berhad is partnering with Amona Development Sdn Bhd to develop a 2.

SEMENYIH (Oct 25): Despite current economic uncertainties, investing in property is still a good move as the segment has enjoyed good capital appreciation over the past five years, said Eco World Development Group chief executive officer Datuk Chang Khim Wah at the Eco World Conference today.

KUALA LUMPUR (Oct 23): Milux Corp Bhd, which announced its property diversification last week, said yesterday its maiden property development in Pahang has been revised to five condominium blocks with retail and club facilities, instead of the six blocks that were originally planned.

(OCT 21): Cabrits Resort Kempinski Dominica, a luxury hotel in Douglas Bay in Cabrits, will be the first government-approved real estate project under the Citizenship by Investment programme of the Commonwealth of Dominica, under which investors who purchase a share in the development for US$220,000 will be able to obtain citizenship of the country.

KUALA LUMPUR (Oct 21): IOI Properties Group Bhd rose as much as eight sen or 4% on a proposed land deal with controlling shareholder Tan Sri Lee Shin Cheng's family.