News by M

Although the group is in diversification mode, the construction division will remain its core business.

Currency market movements can have a significant impact not only on the return provided by an overseas asset, but also on the flow of international capital into property markets, said global property consultancy Knight Frank.

Sold for: RM290,000 (RM341 psf); Concluded by Raymond Yii (REN 20381) of BT Properties (011-3315 4820); When: March 2017

Following the issuance, FCT holds 31.15% in Hektar REIT.

Titijaya said the increase in net profit was mainly attributed to the group's completed projects during the financial year, namely 3Elements, Seri Alam Phase 1 & II, Zone Innovation Park and progressive recognition from project H2O.

It said in a statement to Bursa Malaysia yesterday that it has yet to submit any application to Securities Commission Malaysia for its approval to establish the REIT.

Works on the job are expected to start on Sept 12, to be completed in nine months.

Our lives are becoming increasingly “smarter” as we move into the future. However, for the ordinary man on the street, can they afford to be smart?

The property division posted a deficit of RM15 million for 6MFY17 on start-up costs for its MyTown Shopping Centre.

Kossan’s wholly-owned unit Ideal Quality Sdn Bhd signed a Sale and Purchase agreement with property development firm Andalas Development Sdn Bhd for the purchase of the freehold industrial land, measuring 4.27 million sq ft.