UEM Sunrise’s Asian Trade Centre shelved for ‘commercial reasons’
KUALA LUMPUR (May 27): UEM Sunrise Bhd is shelving its Asian Trade Centre retail project in Gerbang Nusajaya, Johor, for commercial reasons, said the developer.
UEM Sunrise cancels mega project in Iskandar region
JOHOR BARU (May 26) The main developer of Iskandar Malaysia, UEM Sunrise Bhd, has abandoned its plans to build the Asian Trade Centre, one of the major projects for the region, the Straits Times reported today.
E&O’s 4Q profit doubles, proposes stock dividend
KUALA LUMPUR (May 25): Eastern & Oriental Bhd’s net profit for its fourth quarter of its 2015 financial year has doubled to RM100.
Supply glut in Iskandar haunts UEM Sunrise
KUALA LUMPUR: UEM Sunrise Bhd, the largest landlord in the Iskandar region in Johor, has seen its share price shrink to only one-third of its peak at RM3.
UEM Sunrise takes steps to limit exposure to Iskandar
KUALA LUMPUR (May 21): Property developer UEM Sunrise Bhd is taking steps to limit its exposure to Iskandar Johor as the area has been plagued by oversupply of property development projects.
High-rises on discounted land may meet need for affordable housing
KUALA LUMPUR (April 28): Developing more high-rise accommodation may help solve the shortage of affordable housing, said property consultants at the National Affordable Housing Summit 2015 recently.
No dividends for EcoWorld shareholders for the next two to three years
KUALA LUMPUR (April 23): Eco World Development Bhd will not propose any dividend for its shareholders for the next two to three years as it is still in a growth phase, its chief financial officer Datuk Heah Kok Boon said.
Maybank IB Research: Property sector slowdown more evident at Iskandar Malaysia
KUALA LUMPUR (April 14): In a note today, Maybank IB Research said property transactions in Johor had plummeted 33% q-o-q in 4Q14, underperforming the country (-7%) and other major cities/states such as Kuala Lumpur (-12%), Selangor (+2%) and Penang (+8%).
Sunsuria acquiring land in Klang Valley, Iskandar
KUALA LUMPUR (April 14): Sunsuria is enlarging its effective landbank on hand from 4.
