EcoWorld records RM955 mil sales in first four months of FY2017, targets to launch three projects in 2H2017
Eco World Development Group Bhd (EcoWorld) has achieved RM955 million sales in the first four months of its financial year 2017 (FY2017), 57% higher than the RM607.8 million recorded in the first four months of FY2016.
Letter of award for Penang transport plan extended again — Gamuda
The validity of the letter of award to the Gamuda Bhd-led consortium chosen as project delivery partner for the RM46 billion Penang Transport Master Plan has been extended till Aug 31.
Ascendas-Singbridge to redevelop CPF Building for S$1 bil
In 2020, a 180m-tall Grade-A office building will replace the former CPF Building. The consortium redeveloping the property into a new 29-storey tower at 79 Robinson Road comprises urban solutions provider Ascendas-Singbridge Group and its Japanese joint-venture partners Mitsui & Co and Tokyo Tatemono Co. Ascendas-Singbridge will hold a 65% stake in the consortium, with Mitsui and Tokyo Tatemono holding the remainder.
CapitaLand Retail China Trust to benefit from low vacancy rates and higher rent
“[Colliers suggests] that because of limited land supply and government restrictions on developing new shopping centres in major downtown areas, new supply growth is expected to slow in the following years and the market should continue to favour landlords.”
Gabungan AQRS’ share-price surge not surprising
AQRS potentially stands to benefit from future development in Kota SAS, especially transit-oriented development projects.
UEM Sunrise’s Canada land disposal seen to be completed by 3QFY2017
The property was acquired back in April 2014 at a cost of C$70.2 million with a planned gross development value of C$516.9 million.
IWCity share price rally takes a breather
Iskandar Waterfront City Bhd’s (IWCity) share price falls 13 sen or 5% to RM2.46 in active morning session trade today, as some stale bulls take profit after the share price doubled since the start of the month. The counter was among the top decliners, with some 26.29 million shares crossed this morning.
WCT still haunted by racecourse ‘ghost’
WCT Holdings Bhd has received a request for arbitration from the Dubai International Arbitration Centre which was filed by Triumpher Steel Construction Group (TSC).
