News by M

Mah Sing indicated that it had repurchased the balance RM315 million nominal value of its redeemable CBs for RM337 million. The CBs had an original nominal value of RM325 million when they were issued in June 2011.

The Wall Street Journal quoted sources as saying that Sime Darby, the world's largest palm oil producer, had also put on hold earlier plans to raise funds in a bid to reduce its debt, which stands at RM19.7 billion at the end of September according to stock exchange filings.

 TheEdgeProperty.com’s analysis of transactions shows the average price of condominiums in the area was RM193 psf in 1Q2015, up 10.8% y-o-y.

The property developer and construction player said the office suite, which comes with car spaces, is under construction and expected to be completed in January 2018.

Stakeholders in Brickfields, Kuala Lumpur, hope that a new RM26 million Kuala Lumpur City Hall-built car park on Jalan Thambipillay will reduce illegal and haphazard parking in the area.

The project also involves the construction of common facilities, drainage and retention pond, piling works, associated infrastructure and landscape works.

In June 2011, Mah Sing issued RM325 million nominal value of the bonds. In June 2015, it announced that RM10 million nominal value of the bonds were converted to 8.77 million new shares at the conversion price of RM1.14.

While the newer developments are becoming increasingly more upmarket, the secondary market in Kuching is still concentrated in the mass-market segment.

Those working on its rehabilitation know it has still some way to go before it can move past the blots in its recent history left by the deaths of two children.

Despite the slowdown in the overall market, the high-rise segment has performed relatively well. Strata units are becoming increasingly viable due to the scarcity of land and the high prices of landed properties.