News by M

United Malayan Land Bhd will be launching its first hotel-branded residence Citadines Medini by September, and purchasers will be offered a buy-and-leaseback option.

Cantara Residences is a high-rise development that brings contemporary living to elevated heights and features an iconic Sky Bridge that connects all four residential towers. 

Pasukhas Group Bhd has teamed up with Yayasan Veteran Angkatan Tentera Malaysia to jointly develop a 1.27-acre piece of state leasehold land here into a commercial development, comprising office towers.

Hong Kong’s residential prices have gone up 75.9% compared to the market peak in 1997.

Justice Azizah Nawawi also granted a temporary stay on the planned project until the court delivers a decision after hearing the application on full merits.

Hong Leong IB Research has initiated coverage on Protasco Bhd with a “Buy” rating and target price of RM1.20 and said strong cash flow generation from 2 concessions and 4 long term contracts for road maintenance.

CIMB IB Research has initiated coverage on Selangor Properties Bhd (SelProp) at RM4.90 with a “Hold” rating and target price of RM5.12 and said SelProp owns 42 acres of prime land in Damansara Heights and Bukit Tunku, two of the most prized locations in Kuala Lumpur.

AllianceDBS Research said Crest Builder Holdings Bhd (Cresbld) had on June 8 gapped up to reach a high of RM1.12 before closing near the day’s high at RM1.10 (up 10 sen or 10.0%).

Group hopes to do this through the unlocking of Lai Meng land.

Malaysia Land Properties Sdn Bhd (Mayland) has launched the first phase of Dorsett Residences Sri Hartamas.