News about properties

The shares represent a 19.

Sime Darby Property’s group managing director Datuk Azmir Merican said the partnership will serve as a vehicle to commercially develop affordable homes to provide greater access to homeownership for a wide range of customers.

Ho will continue to serve as executive director of the company until March 31, 2024 to facilitate a smooth transition.

“This proposed acquisition brings excitement to the group as it enables us to tap into ETA World’s expertise in the construction and property development of industrial properties, enabling the enlarged group to take advantage and ride on the favourable prospects of the industrial property market.

The plot forms part of the Penang Times Square development, and will be used to develop a multi-storey residential project.

The research house said that in view of the stock also breaking out from the one-month downward channel pattern last week, which coincides with its rising exponential moving average, the upward momentum may be present now.

DONE DEAL: Bungalow, Bukit Bandaraya, Kuala Lumpur DONE DEAL: Condominium, Tropicana The Residences KLCC, Kuala Lumpur Stonor3 KLCC epitomises luxury design, featuring exquisite Japanese fittings, elegant living spaces and amenities for a sophisticated home.

Jiankun said the proposed acquisition is expected to provide the group an opportunity to venture into property development in the northern part of Peninsular Malaysia and contribute positively to the group's revenue and profitability.

BDB, as the land owner, will provide development rights to OIB to build the affordable housing scheme on a plot measuring 53.

As part of the deal, Chin Hin Group will award construction works of the development to a member company of the Ivory group as the turkey builder.