News by Gho Chee Yuan

Damansara Realty said the development is to be undertaken via a new special purpose vehicle company to be incorporated at a later date.

Titijaya said it is proposing to undertake a renounceable rights issue of up to 615 million new irredeemable convertible preference shares (ICPS) at an issue price to be determined later.

E&O managing director Kok Tuck Cheong said the group will be rolling out the remaining phases of The Tamarind in Penang worth RM160 million, and the Conlay Place which carries a gross development value (GDV) of RM800 million by this year.

Lasseters Properties and Lasseters Management are wholly-owned subsidiaries of Singapore-listed Lasseters International Holdings Ltd.

Despite a protracted soft property market, E&O said its unbilled sales of RM1.03 billion will anchor the earnings for the next two financial years.

IGB said lower contribution from the property development division also resulted in its revenue falling 3.5% to RM262.52 million, from RM271.91 million in 2QFY15.

Tropicana expects prospects in FY16 to remain challenging, but believes there will still be demand for landed properties and integrated developments in prime locations with accessibility to good amenities and attractive pricing.

The construction outfit said it secured the job via its unit, Gabungan Strategik Sdn Bhd

The LoRa gateways and antenna systems will be supplied at no cost to the collaboration, while Cyberview provides access to towers and building roof tops.

The two cornerstone developments are Bandar Meridin East in Pasir Gudang, Johor, and Southville City, near Bangi, Selangor, which have a gross development value (GDV) of RM5.5 billion and RM11.1 billion respectively.