RM7b Pavilion Damansara project to start in 2Q2016

THE two-phase Pavilion Damansara Heights mixed-use development in Kuala Lumpur, being undertaken by Tan Sri Desmond Lim Siew Choon in partnership with the Canada Pension Plan Investment Board (CPPIB), will have a gross development value of RM7 billion, sources familiar with the project say.

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Sunway Velocity 40% completed

PETALING JAYA (Nov 13): Sunway Bhd’s Sunway Velocity integrated development in Taman Maluri, Cheras is now 40% developed and is on track for completion in 2019, the company revealed in a press release today.

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Axis-REIT to buy four plots of land for RM61 mil

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.

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Ekovest co-founder Lim is Fiabci’s Property Man

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.

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Damansara Realty says bidding for PPA1M jobs in reply to UMA query

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.

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