Sapura Resources tapping education sale proceeds for RM1.5b property project
SERI KEMBANGAN (June 15): Sapura Resources Bhd will channel proceeds from the sale of its education assets towards its RM1.
Prasarana to start awarding RM9b LRT3 job packages in 2-3 mths, says CEO
KUALA LUMPUR (June 15): Prasarana Malaysia Bhd will begin to award the first batch of work packages for the upcoming RM9 billion Light Rail Transit Line 3 (LRT3) in the next two to three months.
Penang halts undersea tunnel study, raising doubts about construction
KUALA LUMPUR (June 15): The Penang government has issued a halt order on the 83%-complete feasibility studies and detailed design (FSDD) for the 7.
‘Property tax hike in Sydney won’t affect M’sian developers’
KUALA LUMPUR (June 15): The expected higher taxes for foreign buyers of residential properties in the Australian state of New South Wales (NSW) are not expected to have much effect on Malaysian developers there, say analysts.
No final decision on toll rate hikes yet, says highway body
KUALA LUMPUR (June 15): There has been no final decision made on toll hike for eight highways as negotiations are still ongoing, said the Association of Highway Concessionaires Malaysia.
Real estate assets under management hit US$2.19 trillion
GLOBAL real estate assets under management (AUM) totalled US$2.
River Tropics in Seberang Perai sees 70% take-up
PENANG-based developer New Bob Group is building the first green condominium in Seberang Perai.
PROPERTY SNAPSHOT 3: What are developments priced in Tropicana/Sunway Damansara?
• Today, we continue our focus on Tropicana and Sunway Damansara by looking at average prices on a per square foot (psf) basis.
CZBUCG awaits funding from Penang for RM6.3b infrastructure project studies
KUALA LUMPUR (June 14): Consortium Zenith BUCG Sdn Bhd (CZBUCG) has yet to receive RM100 million for the feasibility studies and detailed design work completed thus far for the RM6.
PROPERTY SNAPSHOT 2: What’s affordable in Tropicana/Sunway D'sara?
• Properties in Tropicana and Sunway Damansara fall primarily in the upper-middle segment.
