News about ma

PENANG: Tower B of The Tamarind executive apartments by Eastern & Oriental Bhd (E&O) has received an encouraging response from buyers with 60% of the units having been taken up within two weeks of its launch in early December.

GEORGE TOWN (Dec 17): The state government yesterday said it was ready to take over the list of PR1MA (Perumahan Rakyat 1Malaysia) applicants in Penang, if PR1MA Corporation was willing to share the list.

KUALA LUMPUR (Dec 17): Debt-laden strategic development company 1Malaysia Development Bhd’s (1MDB) property arm, 1MDB Real Estate Sdn Bhd (1MDB RE), is now known as TRX City Sdn Bhd.

KUALA LUMPUR (Dec 17): Retail Group Malaysia (RGM) has cut its forecast for 2015 retail sales for the fifth time due to poor retail figures achieved in the second and third quarters of the year.

KUALA LUMPUR (Dec 17): Malaysia Pacific Corp Bhd (MPCorp) expects its upcoming residential project within Taman Nusa Damai in Iskandar Malaysia, Johor, which has a gross development value of RM204 million, to help pull it out of its loss-making position.

•    Today, we look at price growth and indicative asking rental yields for non-landed residences in Wangsa Maju.

KUALA LUMPUR (Dec 16): Gamuda Bhd saw its net profit fall 13% to RM161.

KUALA LUMPUR (Dec 16): Berjaya Land Bhd (BLand) is cashing out its Berjaya (China) Great Mall Recreation Centre in Hebei, China — which is still under construction — for RMB2.

GEORGE TOWN (Dec 16): The Penang executive council today gave the green light to Penang Transport Master Plan (PTMP) project delivery partner SRS Consortium Sdn Bhd for the railway and highway schemes that include a rail line from Komtar to the airport and the Pan Island Link.

BANGKOK (Dec 16): Best Western Hotels & Resorts recently launched the Best Western Plus Eastern Palace hotel in Mandalay, Myanmar.