KUALA LUMPUR (June 18): Eco World International Bhd (EWI), a special purpose entity set up by major shareholders of Eco World Development Group Bhd (Eco World) to acquire real estate assets for development overseas, has withdrawn its plans to list as a special purpose acquisition company (SPAC) that was to raise RM1.
SEREMBAN (June 17): The Negri Sembilan state government is ready to facilitate the process of reviving abandoned projects that cause an eyesore in the state, particularly in Seremban.
PENANG (June 16): Penang Gerakan Youth legal and public complaints bureau chief Jason Loo Jieh Sheng has criticised the state government's guideline that restricted the purchase of properties by foreigners to only units above RM2 million on the island and RM1 million on the mainland.
KUALA LUMPUR (June 16): S P Setia Bhd’s net profit for the second quarter ended April 30, 2015 (2QFY15) jumped 206% to RM227.
KUALA LUMPUR (June 15): Developers will be offered charge reduction incentives and green lane to speed up development approvals to build more affordable homes in the Federal Territory.
PETALING JAYA (June 12): Construction media group, BCI Asia awarded 20 of the country’s finest architecture firms and developers at its 11th annual BCI Asia Awards 2015 ceremony here tonight.
DUBAI (June 12): London house prices are expected to increase between 2% and 3% this year, and likely approach 18% to 20% in the next five years, according to global real estate services company, Cluttons LLP.
KUALA LUMPUR (June 12): Sunsuria Bhd is eyeing about RM1 billion property sales per year, primarily from its township development in Sepang, Selangor and starting from about RM900 million for the financial year ending Sept 30, 2016 (FY16), according to executive director Kong Wai Seng.
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