Aset Kayamas obtains RM425m bridging loan from MBSB

KUALA LUMPUR (June 1): Aset Kayamas Sdn Bhd, a privately held property developer, has obtained a RM425 million bridging loan from Malaysia Building Society Bhd (MBSB) for its Park Hill Residence and 1Malaysia Civil Servants Housing (PPA1M) projects in Bukit Jalil here.

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MRCB targets RM1 billion sales for this year

PETALING JAYA (June 1): Malaysian Resources Corp Bhd (MRCB) has set a RM1 billion sales target for 2016 — a risky bet considering that its 2015 sales only amounted to RM850 million, while the real estate market remains muted.

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Fewer but bigger LRT3 packages to go around

THE RM9 billion worth of jobs to be awarded under the third light rail transit (LRT) line project by the end of the year has been one of the bigger catalysts in the pipeline for the construction industry.

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Sunway Mont Residences 80% taken up

PETALING JAYA (May 31): Sunway Property’s Sunway Mont Residences in Mont’Kiara, which was launched over the weekend, has recorded a successful take-up rate of 80%, Sunway Bhd’s executive director of central region, property development division, Ang Kee Ping told TheEdgeProperty.

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TA Global defers Dutamas project again

KUALA LUMPUR (May 31): TA Global Bhd has once again deferred the launch of its Dutamas condominium development in Mont’Kiara here to the first quarter of next year (1Q17) from 4Q16, due to poor market conditions.

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