News by M

The factory will be located at its Sendayan TechValley, Bandar Sri Sendayan, with a planned capital expenditure (capex) of RM30 million (excluding the cost of a 12-acre [4.86ha] industrial land).

The company is en route to a listing on the Main Market of Bursa Malaysia by June this year.

Group’s RM9 bil total outstanding GDV will keep it busy for eight to 10 years.

Areka Capital Sdn Bhd chief executive officer Danny Wong said bringing the two major property developers under one roof is seen as streamlining operations.

In Singapore, it is unusual to find a private condominium located close to both top ­secondary and tertiary education institutions. A ­rarity is the 505-unit The Clement Canopy at ­Clementi Avenue 1. Since its launch in ­February, about 50% of the units have been sold. “There is healthy interest across all the unit types from both owner-occupiers and investors,” says ­Anthony Wong, general ­manager for marketing at UOL Group.

Symphony Life Bhd is set to launch its Small-office Home-office (SoHo) development called Union Suites @ Bandar Sunway, Selangor targeting property investors and young working professionals.

Kedah-based Eupe Corp Bhd has redesigned and renamed its serviced apartment project in Cheras previously known as “The Weave” to “Parc 3”. The change was made in order to develop a product which fits better with the current market conditions, said group managing director Datuk Beh Huck Lee.

Questions from participants of TheEdgeProperty.com Symposium on Property Management 2017 were forwarded to the respective speakers after the symposium on April 8. The speakers have tried their best to reply but due to the number of questions received, some need more time, hence Part 2 of the Q&A will be published next week. Please note that both the questions and answers have been edited for clarity. The answers reflect the personal views of the speakers and do not constitute legal advice.

Sitting on a 4.29-acre freehold plot, the project is slated for completion by February 2021. Paisley has a gross development value of RM479 million and will house two towers – 28-storey Tower A with 329 units and 27-storey Tower B with 258 units.

Mitrajaya Holdings Bhd’s wholly-owned unit has won a RM273.8 million contract to build a centre of excellence in Jalan Dato’ Onn here.