News by Chen Shaua Fui

MK Land Holdings Bhd will be launching a total of five new products in the affordable housing segment, led by its condominium project Residensi Suasana @ Damai located at Damansara Damai with a gross development value of RM400 million before its financial year ends on June 30, 2016.

Hektar REIT also declared a final distribution per unit (DPU) of 2.7 sen, amounting to RM10.82 million, for 4QFY15, payable on March 18. This brings total DPU distributions for the year to 10.5 sen.

"This (reduces the SRR by 0.5%) definitely will help in the liquidity side. We welcome what the Bank Negara have done. We think this is timely, because it will help those genuine first time house buyers to purchase the house, there are more funds for them," said Mah Sing Group Bhd's managing director Tan Sri Leong Hoy Kum.

KWAP chief executive officer Wan Kamaruzaman Wan Ahmad said the land is projected to generate good long-term returns for the pension fund, with a projected gross development value (GDV) of RM780 million.

E&O said its subsidiary Tanjung Pinang Development Sdn Bhd (TPD) had today signed a reclamation contract with CCCC (M) for the proposed project.

Ewein said EZ had entered into a Memorandum of Agreement (MOA) with Consortium Zenith BUCG Sdn Bhd (CZBUCG) to grant EZ the right to purchase the land, aggregating approximately 50 acres.

Given that it comes with a freehold strata title and is located in the Golden Triangle

The group is expected to record a loss of about RMB51.28 million (RM34.25 million), pursuant to the proposed disposal.

Country Heights Holdings Bhd has inked a joint venture agreement with Galaxus Corp Sdn Bhd (Galaxus) and Tan Sri Lee Kim Tiong @ Lee Kim Yew to revamp the management and business of the Palace of the Golden Horses in Seri Kembangan, Selangor.