Gabungan AQRS Bhd expects to finalise the planned sale of its land in Dengkil, Selangor to PR1MA Corp Malaysia within the next three weeks under a proposed joint venture (JV) to develop affordable housing there.
The development would comprise residential, resorts and hotels, commercial and corporate buildings tailored for the tourism and services industry.
According to longhouse resident Gothai Vengidesalam who has been living there, after being relocated from the Bukit Kiara plantations since she was merely two months old, none of the longhouse residents know that there will be another eight blocks of high-end serviced apartments that have been proposed next to their affordable housing.
Located in the western coast of Selangor, Klang is relatively close to Kuala Lumpur city, yet it successfully retains most of its local charms despite rapid urbanisation.
United Malayan Land Bhd (UMLand) has soft launched the 5-star Amari Johor Bahru at its Suasana Iskandar development on May 15. The hotel is a collaboration between the developer and ONYX Hospitality Group.
At 9.29am, MRCB dipped 0.65% or 1 sen to RM1.53 with 4.27 million shares traded.
Malaysian Resources Corp Bhd (MRCB) proposes a one-for-one renounceable rights issue together with free warrants on the basis of one warrant for every five rights shares (one-for-five).
Mah Sing Group Bhd has entered into an agreement to acquire 3.56 acres (1.44ha) of freehold land in Titiwangsa, Kuala Lumpur. We gather that Mah Sing plans to develop condominiums with an indicative built-up from 850 sq ft (priced from RM485,000) with a total gross development value of up to RM650 million.
Landmarks Bhd, a 30.3% associate of Genting Bhd, narrowed its net loss to RM3.35 million or 0.7 sen loss per share in the first quarter ended March 31, 2017 (1QFY17), from RM6.59 million or 1.37 sen loss per share a year ago, on improved performance of its hospitality and wellness, and resort and destination development divisions.
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