News by M

Almost all of Magna Prima’s topline in 1HFY17 was derived from its property development division.

Serba Dinamik Sdn Bhd entered into an MoA with Izin Budi Sdn Bhd to develop industrial and commercial projects on a 15.87-acre land parcel in Pengerang.

The Grand Borneo Hotel was purchased in 2012 for RM86.4 million.

Hong Leong said S P Setia sold RM2.1 billion worth of properties during the first half ended June 30, 2017 (1HFY17). 

Sunway Bhd has entered into a joint venture agreement with Huatland Development Sdn Bhd with a 55% stake to form a JV company.

Changes in design, inflation, fluctuation in exchange rate also play a role — S P Setia

Sold for: RM880,000; Concluded by: Lai Yan Yin (REN 17086) of MIP Properties Sdn Bhd (012-881 8886) and Calvin Moy (REN 04457) of Reapfield Properties Sdn Bhd (016-692 1567); When: June 2017

The MACC also confirmed that they have conducted a search at Mohd Isa’s houses in Linggi, Port Dickson; Lavender Heights, Seremban; and Bandar Baru Nilai

The Park 2 has an estimated RM720 million gross development value, and comprises 385 and 324 serviced units in Tower 1 and Tower 2, respectively.

Knight Frank Malaysia pointed out that developers are scaling back on new property launches, especially in the high-end condominium market amidst continued weak demand.