Iris Corp: Out-of-court settlement with Dipon Gulf has no material impact
KUALA LUMPUR (Sept 26): Iris Corp Bhd and Dipon Gulf Infotech Consultancy LLC have agreed to an out-of-court settlement for a sum of RM16.
China scrutiny prompts Country Garden to hit 'pause' on expansion
PETALING JAYA (Sept 26): Chinese developer Country Garden Holdings Co is “hitting the pause button on an international expansion”, as Beijing zooms in on property acquisitions abroad, Bloomberg reported yesterday.
S P Setia raises RM434m via sukuk for Penang land buy
KUALA LUMPUR (Sept 26): S P Setia Bhd has raised RM434 million under a sukuk programme with a nominal value of up to the same sum, to part finance its purchase of five parcels of freehold land in Seberang Perai, Penang.
Tenders for Singapore-JB rapid transit system to be called in 2018
KUALA LUMPUR (Sept 25): Malaysia will lead the rapid transit system (RTS) project between Johor Bahru and Woodlands North in Singapore, Prime Minister's Department Datuk Seri Abdul Rahman Dahlan said, with plans to call for open tenders for construction in the country in 2018.
Sunsuria City debuts first landed homes
PETALING JAYA (Sept 25): Property developer Sunsuria Bhd has held a soft launch for its first ever landed homes in Sunsuria City, Salak Tinggi, Selangor over the weekend.
Johor postpones development charge
JOHOR BAHRU (Sept 25): The Johor government has postponed the development charge approved by the State Planning Committee (SPC), which should have been imposed from Sept 1 on developers who make changes to land use, Bernama reported yesterday.
Affordable transport system needed nationwide — MP
KUALA LUMPUR (Sept 25): To cater for the transport needs of the entire nation and not just this city, a more affordable mode of transport than big infrastructure would have to be adopted, a conference on social cities was told.
Trouble's allure
Luxury and boutique are two buzzwords that’s fast making an imprint on Singapore’s hotel scene, although the new-ish and unapologetically rebellious Vagabond Hotel makes for a most unusual example.
Tanco proposes 1-for-2 free warrants
KUALA LUMPUR (Sept 22): Tanco Holdings Bhd has proposed the issuance of free warrants to reward shareholders, on the basis of one warrant for every two existing ordinary Tanco shares held on an entitlement date to be announced later.
DONE DEAL: Three units in a 4-storey shopoffice, Nova Place, Jelutong, Penang
Rented for: RM13,780 a month (including GST) Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: May 24, 2017 Noteworthy: ● Freehold ● 4-storey shopoffice building with lifts ● Three units with a combined built-up of 4,900 sq ft ● Nearby amenities include restaurants, banks, clinics, hospitals, Jelutong morning market and post office ● 6km away from Penang Bridge, 13km away from Penang International airport and 7km away from George Town Completed at the end of last year, Nova Place (or Pusat Perdagangan Nova in Bahasa Malaysia) is a new commercial area located at Jelutong, Penang.
