News by Emir Zainul

The appointment is with immediate effect, according to Sunway's announcement on Bursa Malaysia today.

This follows the completion of the takeover offer undertaken by the joint offerors — Singapore-listed Wing Tai Holdings Ltd and its wholly-owned unit Wing Tai Investment & Development Pte Ltd.

The proposed sale involves eight development lots and 26 house lots with a total land area of 24.26 acres.

Karambunai said in the Bursa filing that it has started the process of addressing the material uncertainty, whereby the financial performance of Nexus Resort & Spa Karambunai, the group's principal operating unit, has started showing positive results and generating positive operating cash flow.

Currently, WMG has a total undeveloped land bank of approximately 620 acres, of which 442 acres are in Sandakan and the remaining 178 acres are in Kota Kinabalu. 

A new concept serviced office space in Jalan Kia Peng here launched yesterday by Colony, a co-working space company, has achieved a 42% occupancy rate and the company is targeting to hit 60% by December...

Datuk Steven Ng: I think it's a good move. The government is trying to address the issue of first time homebuyers.

According to Second Finance Minister Datuk Seri Johari Abdul Ghani, the definition of affordable housing differs significantly between private and public property developers.

Dubbed Mayfair, it features 158 high-end apartments located on Melbourne's premier boulevard, 412 St Kilda Road, and will be different from the company's two previous projects there.

Sogo Malaysia has agreed with IGB Corp Bhd to be the major department store anchor in the new Mid Valley Megamall at Southkey, extending Sogo's reach into Johor Bahru.