Steel tycoon Cheng sells more land
STEEL tycoon Tan Sri William Cheng Heng Jem (pictured, below) has been selling land of late.
Massive South Oceans beachfront project set to change the face of Kuala Rompin, Pahang
PETALING JAYA (Nov 17): Malaysian and SIngaporean-owned Kairos & Dashen Resources (Rompin) Bhd is looking for developers and hotel and theme park operators to jointly develop its South Oceans beachfront mixed-use development in Kuala Rompin, Pahang.
RM7b Pavilion Damansara project to start in 2Q2016
THE two-phase Pavilion Damansara Heights mixed-use development in Kuala Lumpur, being undertaken by Tan Sri Desmond Lim Siew Choon in partnership with the Canada Pension Plan Investment Board (CPPIB), will have a gross development value of RM7 billion, sources familiar with the project say.
Tribunal rules 28 Boulevard soho units GST exempt
KUALA LUMPUR (Nov 17): Housing developer Best Boulevard Sdn Bhd which is constructing small offices-home office (soho) units in Kuala Lumpur has been exempted from imposing the 6% goods and services tax (GST) on its buyers.
Mah Sing introduces an apartment designed for family planning
PETALING JAYA (Nov 17): Mah Sing Group Bhd introduced dual-key apartment units during a preview of the third block of its serviced apartments at its D’Sara Sentral integrated development at Sungai Buloh last weekend.
Explain special privileges for Perak Umno building, says DAP rep
IPOH (Nov 17): The state government must explain why the Perak Umno building is able to sit on prime land by paying only a nominal premium charge of RM100 per lot, says Canning assemblyman Wong Kah Woh.
Third block of Maple Residences 40% sold
PETALING JAYA (Nov 16): Block C of Maple Residences serviced apartments in Bandar Bestari Klang, Selangor, by KSL Holdings Bhd is 40% sold since it was launched on Nov 1, said project director Patrick Khoo.
Penang should set up special fund for heritage conservation, says rep
GEORGE TOWN (Nov 17): A DAP assemblyman says the state government should set up a World Heritage Site Fund to restore and preserve heritage sites in the Unesco city of George Town.
East Coast Expressway Phase 2 concession to be signed by year end
KUALA LUMPUR (Nov 17): The government will sign the concession agreement for the East Coast Expressway Phase 2 (LPT2) by the end of this year, said Deputy Works Minister Datuk Rosnah Abdul Rashid Shirlin (pictured).
MRCB plans private placement to raise up to RM612 mil
KUALA LUMPUR (Nov 17): Malaysian Resources Corp Bhd plans to undertake a private placement of up to 20% of its issued and paid-up share capital to its major shareholder Gapurna Sdn Bhd and independent third-party investors to be identified later, which could raise up to RM612.
