SRS Consortium accepts LoA extension as PDP for Penang Transport Master Plan
KUALA LUMPUR (Aug 4): SRS Consortium Sdn Bhd, a 60:20:20 joint venture among Gamuda Bhd, Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd, has duly accepted an extension of a letter of award (LoA) by the Penang state government to Feb 28, 2017 for its appointment as the project delivery partner (PDP) for the implementation of the Penang Transport Master Plan (PTMP).
‘Serious mismatch’ in housing supply
KUALA LUMPUR (Aug 4): The government, specifically the Deputy Minister of Finance 1 Datuk Othman Aziz, said yesterday that houses priced up to RM165,060 are considered affordable to a median Malaysian household.
TRC wins RM1.31 bil Pan Borneo Highway contract in Sarawak
KUALA LUMPUR (Aug 4): TRC Synergy Bhd said a company, in which its wholly-owned unit will have a 30% stake in, has bagged a RM1.
Axis’ Rawang land buy yield-accretive in the long term
Axis Real Estate Investment Trust (Aug 3, RM1.
MQREIT’s net lettable area expiry well spread
MRCB-Quill Real Estate Investment Trust (Aug 3, RM1.
Mammoth Empire plans bonds to raise working capital
MAMMOTH Empire Holdings Sdn Bhd, the property developer and asset manager behind Empire Shopping Gallery in Subang, Selangor, plans to raise funds through a maiden issue of bonds.
IJM Land to launch Phase 2 of Rimbun Vista this September
PETALING JAYA (Aug 3): IJM Land Bhd will be launching the second phase of Rimbun Vista (3A2) at S2 Heights, Seremban 2 later this September, said its managing director Edward Chong.
Malaysian houses priced up to RM165,060 'considered affordable', says Finance Ministry
KUALA LUMPUR (Aug 3): Malaysian houses priced up to RM165,060 each are "considered affordable" to the median Malaysian household, but only 21% of housing launches in the country were priced below RM250,000 in 2014.
MQREIT 2Q NPI up 5.7% on higher income from Platinum Sentral
KUALA LUMPUR (Aug 3): MRCB-Quill REIT’s (MQREIT) net property income (NPI) for the second quarter ended June 30, 2016 grew 5.