GuocoLand’s stake in Eco World gets a ‘yes’ vote

Oct 28

SINGAPORE (Oct 28): GuocoLand’s participation in Eco World Development Group’s planned IPO of Eco World International (EWI) has CIMB maintaining its “add” call with a target price of S$2.

Gadang top decliner on 1Q profit, revenue drop

Oct 28

KUALA LUMPUR (Oct 28): Gadang Holdings Bhd fell 40 sen or 12% after the builder reported that first quarter net profit dropped 20% from a year earlier.

E&O set to launch Amaris Terraces By-The-Sea at Seri Tanjung Pinang

Oct 28

PENANG (Oct 28): Eastern and Oriental Bhd (E&O) is set to launch its latest project Amaris Terraces By-The-Sea at its Seri Tanjung Pinang development in Penang this November, pending the completion of the project’s show unit.

DONE DEAL: Shopoffice at Bandar Sri Pinang, Jelutong, Penang

Oct 27

Rented for: RM2,100 a month Concluded by: Mayzel Wong (REN 17359) (017-575 8999) of Khoo & Associates Realty When: Oct 15, 2016 Noteworthy: ● Leasehold ● Second floor of a 3-storey shopoffice, ● 1,800 sq ft ● Has a seaview ● Covered carpark ● Nearby amenities include F&B outlets, banks, mini market and auto mall ● About 5km away from George Town, 13km away from Penang International airport in Bayan Lepas and 6km to the Penang Bridge The unit is located at Persiaran Karpal Singh, also known as Karpal Singh Drive, a seaside promenade in Bandar Sri Pinang, Jelutong Penang.

Pavilion REIT's 3Q NPI rises 11%, helped by rental income from 2 new malls

Oct 27

KUALA LUMPUR (Oct 27): Pavilion Real Estate Investment Trust (Pavilion REIT) saw a 11% rise in net property income (NPI) to RM80.

S P Setia sponsors inaugural Cycle for Sight

Oct 27

PETALING JAYA (Oct 27): The Lions Club of KL North is organising its inaugural Cycle for Sight 2016, sponsored by S P Setia Bhd, to raise funds for the less fortunate as well as to set up its own Sight Fund.

Property development in 100 years’ time

Oct 27

IN the 19th century, French artist Jean-Marc Côté and other artists produced a series of futuristic artworks called “En L’An 2000” or “In The Year 2000” that depicted scientific advances imagined as achieved by the year 2000.

IGB, Southkey to raise financing up to RM1 bil in nominal value via MTN

Oct 27

KUALA LUMPUR (Oct 27): IGB Corp Bhd and Southkey City Sdn Bhd announced today that they will be raising financing up to RM1 billion in nominal value via a medium term note programme (MTN Programme) through its joint-venture company, Southkey Megamall Sdn Bhd (Southkey Megamall).