News by M

The conglomerate, via its indirect wholly-owned unit Sime Darby Property Singapore Ltd (Sime Darby Prop Singapore), will also be taking up an 80% stake in Japan Regional Assets Manager Ltd (JRAM), the manager of Saizen REIT.

In this urban tropical home, restrained décor opens up creative and experimental possibilities for its designer owner.

Some developers might be deterred by the sluggish property market by pushing back their launches but Sunway Property, the property development arm of Sunway Bhd, sees opportunities in the downturn.

Prasarana Malaysia Bhd said parking at the ‘park n ride’ facilities at LRT stations in Ara Damansara, Glenmarie, USJ21, Alam Megah, Subang Alam and Putra Heights will be charged at RM4 per entry per day.

Revenue also grew 74% to RM104.33 million, from RM60.01 million.

Sunway REIT’s financial performance was, however, partially offset by a weak showing from the office segment.

Penang Chief Minister Lim Guan Eng said the associated costs involving at-grade or street running trams would result in rows of shophouse having to be relocated, which would in turn affect the social fabric of the community.

Tadmax said Wawasan Metro Bina Sdn Bhd has accepted a banking facility for the said sum, which was granted by the United Overseas Bank (M) Bhd.

Eco World Development Group Bhd (EcoWorld) has unveiled Eco Grandeur, its latest integrated township in Puncak Alam, Kuala Selangor, in conjunction with the opening of the developer’s 12th sales gallery in Malaysia.

Consumer spending remains a key challenge in the Malaysian retail industry with many continuing to hold back on purchases due to growing concerns on the rising cost of living and weaker job prospects, said property consultancy firm Knight Frank Malaysia in its Real Estates Insights research report for 1H2016.