Ikhmas Jaya to resume growth trajectory
Ikhmas Jaya Group Bhd (May 3, 72 sen) Maintain buy with an unchanged target price of 76 sen: Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.
Hot spots for foreign buyers in Singapore’s residential market
Foreigners are expected to make a comeback in Singapore’s residential property market after shying away from it since 2012 following the imposition of the additional buyer’s stamp duty (ABSD).
SHL partners Japan's Marubeni to develop RM327mil condo project
KUALA LUMPUR (May 3): SHL Consolidated Bhd is partnering Japanese general trading firm Marubeni Corp to develop a condominium project with an estimated gross development value of RM327 million in Bandar Sungai Long, Selangor.
Bandar Malaysia agreement with IWH CREC lapses, opens to new expressions of interest
KUALA LUMPUR (MAY 3): The master developer of Bandar Malaysia, TRX City Sdn Bhd, has today announced that the share sale agreement (SSA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) – who on July 21, 2016 assigned its benefits and responsibilities to IWH CREC Sdn Bhd – regarding the sale of 60% of the issued and paid-up capital of Bandar Malaysia Sdn Bhd, has lapsed.
Exposure to improving US office market makes this a winning REIT
SINGAPORE (May 3): DBS is maintaining its “buy” call on Manulife US REIT (MUST) with a higher target price of US$1.
I-Bhd plans new launches worth RM5.3 bil
SHAH ALAM (May 3): Property developer I-Bhd is planning to launch properties worth some RM5.
Former mosque chairman, secretary in remand over sale of endowment land
MELAKA (May 3): Two former officials of a mosque committee here are in remand for four days beginning today to facilitate investigation into the sale of the mosque's endowment land half a decade ago, Bernama reported today.
First tender for KL-Singapore high-speed rail assets up in 4Q2017
KUALA LUMPUR (May 3): The first tender for the KL-Singapore high-speed rail (HSR) project will be called in the final quarter of 2017 for the purpose of setting up an assets company (AssetsCo), said Land Public Transport Commission (Spad) chairman Tan Sri Syed Hamid Albar.
Singapore seeks first price and quality tender
SINGAPORE (May 3): The Singapore Land Authority (SLA) yesterday said it would conduct the first-ever price and quality tender for the conserved state property at 26, 28, 30, 32 and 36 Orchard Road for commercial use.
