OCBC Bank extends RM700m financing to Ideal Property Group
OCBC Bank will also be offering an attractive end-financing package to qualified end purchasers of the industrial park.
Landmarks' auditor flags group's ability to operate as going concern
The auditor, KPMG PLT, noted that financial statements indicated that the group incurred net losses of RM43.
Tropicana to issue new shares to founder-cum-vice-chairman to settle RM180m debt
In a Bursa Malaysia filing on Friday (April 28), the property developer said it had entered into a settlement and subscription agreement with Tan Sri Tan Chee Sing through his wholly-owned T Shares 1 Sdn Bhd (TSSB), to settle the amount owed.
EcoWorld International’s proposed capital reduction of RM1.5 bil to facilitate distributions to shareholders
Datuk Teow Leong Seng, president & CEO: “The proposed capital reduction is a concrete first step towards the realisation of EcoWorld International’s commitment to meet our targeted distribution of RM900 million to our shareholders as earlier announced.
Resilient demand for Sunway's and IOI Properties' projects in Singapore despite property cooling measures, says HLIB
The stamp duty, announced by Singapore's Ministry of National Development, is a property cooling measure to dampen investment demand and prioritise housing for locals meant for owner-occupation.
After regaining firm footing in FY2022, Sunway REIT eyes more positive upside from post-Covid reopening
Sunway REIT chief executive officer Datuk Jeffrey Ng Tiong Lip: “Sunway REIT has recovered well from Covid-19 pandemic.
Sunway REIT eyes overseas properties to grow portfolio
The trust aims to grow its asset value to between RM14 billion and RM15 billion by 2027, from RM9.
National Housing Policy – a great blueprint awaiting implementation
There are various laws that are applicable to the housing development, but there are still weaknesses in the control, implementation and enforcement of these laws.
Gains from Genting Malaysia’s Miami land disposal a large windfall, says Nomura
In a note, Nomura analysts Tushar Mohata and Alpa Aggarwal said the sale was a very positive development for the company and its parent, Genting Bhd.
