Ekovest in free fall after Bandar Malaysia deal aborted
KUALA LUMPUR (May 4): Ekovest Bhd, a construction firm linked to Iskandar Waterfront Holdings Sdn Bhd (IWH) via Tan Sri Lim Kang Hoo, saw its share price open 42 sen or 29.
KUALA LUMPUR (May 4): Ekovest Bhd, a construction firm linked to Iskandar Waterfront Holdings Sdn Bhd (IWH) via Tan Sri Lim Kang Hoo, saw its share price open 42 sen or 29.
KUALA LUMPUR (May 3): IWH CREC Sdn Bhd, a 60:40 joint-venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC), has disputed claims by TRX City Sdn Bhd over the sale of a 60% equity interest in Bandar Malaysia Sdn Bhd.
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).
KUALA LUMPUR (May 4): Malaysian Resources Corp Bhd (MRCB), the master developer of KL Sentral, sees rising demand for residential properties at transit-oriented developments (TODs) by city dwellers and aims to tap more into this property segment.
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.
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.
SINGAPORE (May 3): 1Q17 real estate transaction volumes in the UK have hit their highest level since 2015, driven by Asian investors whose confidence remains undeterred even in the face of uncertainties regarding Brexit.
SINGAPORE (May 3): DBS is maintaining its “buy” call on Manulife US REIT (MUST) with a higher target price of US$1.
SHAH ALAM (May 3): Property developer I-Bhd is planning to launch properties worth some RM5.
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.