Bank Negara urged to be lenient with low-cost housing loans
It is part of the national agenda to empower the poor, says Urban Wellbeing, Housing and Local Government Minister Datuk Seri Abdul Rahman Dahlan.
Marriott to manage YTL’s hotels in Koh Samui and Hokkaido
YTL Corp’s hospitality arm YTL Hotels and Properties Sdn Bhd (YTL Hotels) said it had signed two management contracts with Marriott International to develop the two new hotels, which will feature the renowned hallmarks of The Ritz-Carlton.
Paramount's 3Q earnings up 6.1% on higher revenue
Looking forward, Paramount expects the property market to remain subdued due to the prevailing cautious spending sentiment and tighter lending policies.
Encorp to recover land cost in Australia JV
Encorp said it had paid A$6 million for the 11,000 sq m (1.1 ha) land in May 2012. The tract to be jointly developed with Tew Investments Pty Ltd is located at Tea Tree Close within Cockburn Central.
S P Setia buys land in Melbourne for third Australian project
S P Setia acting president and chief executive Datuk Khor Chap Jen admitted that its third foray into Australia is smaller compared to its previous two projects there, namely Fulton Lane and Parque.
Hua Yang aborts plan to buy Penang land due to SPA conditions unfulfilled
In a statement today, the group said the non-fulfillment will disrupt the strategic development plan and time frame that the group had for the parcel of land.
MRCB-Quill REIT reports 76% on-year 3Q profit rise
MRCB-Quill said additional income from newly-acquired Platinum Sentral also supported profit growth. Platinum Sentral is located within Kuala Lumpur Sentral.
Plenitude expects to maintain RM250 mil sales in FY16
The company believes the figure can be achieved via its semi-detached properties in Taman Desa Tebrau in Johor Bahru, Johor, as well as its “The Marin at Ferringhi” condominium project in Penang, which has been seeing increasing foreign interest.
S P Setia shortlisted to bid for redevelopment of Royal Adelaide Hospital site
The developers are to come up with schemes to transform the existing 275,000 sq m of buildings into a project that could rival elements of Sydney’s Barangaroo precinct, another site undergoing an urban transformation which is expected to be completed in 2023.
IGB sells freehold Gombak land to Ecofirst unit for RM62.8 mil
In its filing to Bursa Malaysia today, IGB said HVSB — a wholly-owned unit of Tan & Tan Developments Bhd, which is in turn a wholly-owned unit of IGB — entered into a sale and purchase agreement today with Ecofirst Development Sdn Bhd (EDSB), to effect the disposal.
