News about ma

KUALA LUMPUR (Nov 12): Zecon Bhd has invited Universiti Malaysia Sarawak (Unimas) to take up a 20% stake in a special purpose vehicle (SPV) which will undertake the development of a commercial block of the Unimas health metropolis project in Sarawak.

DEVELOPERS have begun to make adjustments to mitigate the slowdown in Iskandar Malaysia’s property market.

KUALA LUMPUR (Nov 11): The trustee of Axis Real Estate Investment Trust (Axis-REIT), RHB Trustees Bhd, has signed a sale and purchase agreement with Axis AME IP Sdn Bhd to acquire four plots of freehold land in Johor for RM61 million.

PETALING JAYA (Nov 11): Despite instructions from Petaling Jaya City Council (MBPJ) to developers to begin constructing roads in Damansara Damai on Friday, residents are demanding Selangor Menteri Besar Azmin Ali intervene because no work has started.

Malaysian Resources Corp Bhd (MRCB) Nov 9 (RM1.

KUALA LUMPUR (Nov 6): The International Real Estate Federation’s Malaysian chapter (Fiabci Malaysia) has named Ekovest Bhd’s co-founder and executive chairman Tan Sri Datuk Lim Kang Hoo Property Man while IJM Land Bhd’s non-executive director and former CEO and managing director Datuk Soam Heng Choon was awarded Property CEO at the 23rd Malaysia Property Awards (MPA) presentation ceremony here tonight.

KUALA LUMPUR (Nov 6): Damansara Realty Bhd, which received an unusual market activity (UMA) query from Bursa Securities on the sudden rise of its share price which soared 50% to hit a five-month high today, said it is participating in a public tender to construct housing develpment under Projek Perumahan Penjawat Awam 1Malaysia (PPA1M) at Putrajaya.

IJM Corp Bhd (Nov 5, RM3.

PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.

Sold for: RM510,000 or RM506 psf Concluded by: Jack Tian of Hartamas Real Estate (OUG) Sdn Bhd (016 434-4681) When: Aug 26 Noteworthy: *1,007 sq ft * Freehold * Serviced apartment * 3 bedrooms, 2 bathrooms * 3.