Enra Group calls off stake sale in Landmark Zone; to renegotiate
KUALA LUMPUR (May 10): Enra Group Bhd [formerly Perduren (M) Bhd] said it has mutually agreed to terminate a share sale agreement (SSA) with Meridian Hectares Sdn Bhd to dispose of a 30% stake in property developer Landmark Zone Sdn Bhd to the latter for RM13.
High-rises in Kuching on the rise
DESPITE obtaining city status in 1988, Kuching’s skyline is still relatively short of tall buildings and skyscrapers.
S P Setia to launch Retusa 3-storey linked semi-dees tomorrow
PETALING JAYA (May 6): Property developer S P Setia Bhd will be launching Retusa – which comprises 48 units of 3-storey linked semi-detached houses at Precint 11 of its Setia Alam township tomorrow, Bandar Setia Alam deputy manager Tan Siow Chung told TheEdgeProperty.
MWE intends to sell 9 parcels of land, golf club stake to trim debts
KUALA LUMPUR (May 6): MWE Holdings Bhd intends to sell nine parcels of leasehold lands and its entire stake in MWE Golf & Country Club Bhd to Newfields Land Sdn Bhd’s wholly-owned subsidiaries for RM55 million and RM1 respectively.
Investing during a downturn
THERE were mixed views among real estate experts as to when the property market would rise from its current slumber.
Sime Darby launching Quarza Residence this Sunday
PETALING JAYA (May 5): Sime Darby Property Bhd – the property arm of Sime Darby Bhd – is set to officially launch the Quarza Residence serviced residences in conjunction with its Lifestyle Collection Campaign this Sunday, the group said in a press release today.
‘Case on SD by previous owner of bungalow not closed’
KUALA LUMPUR (May 5): Attorney-General (AG) Tan Sri Mohamed Apandi Ali has denied reports that the AG’s Chambers had closed the case of an allegedly false declaration on the purchase of a bungalow by Penang Chief Minister Lim Guan Eng (pictured).
Paramount Corp banks on diversification
A MEETING with a banker would probably be all about the numbers.
