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KUALA LUMPUR (March 14): Sime Darby Bhd clarified yesterday that it could not meet the deadline to complete the reverse takeover (RTO) of Singapore-listed Saizen Real Estate Investment Trust (REIT) because circulars to Saizen REIT’s unitholders were not issued on time.

KUALA LUMPUR (March 14): Sime Darby Bhd’s decision to unlock value for its shareholders by breaking its conglomerate structure into three distinct pure play companies is a smart move, said Aberdeen Asset Management plc co-founder and chief executive officer (CEO) Martin Gilbert.

IN hot and humid Malaysia, when one hears the word off-grid, zero-waste, carbon neutral and water-efficient homes, what comes to mind are uncomfortable basic dwellings.

PUCHONG (March 13): IOI Properties Bhd is aiming to start construction of an office development with an estimated gross development value (GDV) of at least S$3.

MIRI (March 13): Sarawak will fine-tune its own financial model to enable the middle-income group to buy their own house in the state.

DESPITE its subdued performance last year, the Klang Valley property market seems to be picking up momentum this year with encouraging take-up rates observed in the first two months, especially after the Chinese New Year, says Zerin Properties CEO Previndran Singhe.

SEMENYIH (March 11): Eco World Development Group Bhd (EcoWorld) will hand over 612 terraced houses at Cradleton Precinct in Eco Majestic, Semenyih, this April.

           HAVE you ever wondered, for someone who can afford to dine on lobster caviar frittata as much as the average person chows down fried chicken wings, what kind of abodes would they indulge their earnings on? Most people may imagine vast mansions by the sea, but surprisingly, the most expensive property is located closer to the sky than the sea — perhaps a reflection of modern times.

KUALA LUMPUR (March 10): Loss-making high precision plastic parts manufacturer Luster Industries Bhd is taking over a mixed development project in Kota Bharu, Kelantan.

PETALING JAYA (March 10): Hong Kong-listed Country Garden Holdings Co Ltd has denied that the closure of Forest City’s sales galleries in China was due to the government’s capital control policy.