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Axis REIT also proposed the acquisition of two plots of leasehold land totalling 126.6 acres (51.23ha) in Gebeng, Pahang, for a total cash consideration of RM155 million.

According to Second Finance Minister Datuk Seri Johari Abdul Ghani, the definition of affordable housing differs significantly between private and public property developers.

Shares of Iskandar Waterfront City Bhd (IWCity) rebounded 1.50% in active trade this morning afterhaving slumped more than 8% on Tuesday.

The Australian property division of Singapore-listed Frasers Centrepoint Limited says this due to “unprecedented demand” which it has witnessed for new warehouses in its two Melbourne industrial parks in recent months.

Johari: The board of 1MDB will look at the proposals and we will leave them to it.

Second finance minister Datuk Seri Johari Abdul Ghani said having one authority was important to overcome the mismatch between demand and supply in the local affordable housing sector...

At 9.53am, IWCity fell 3 sen to RM1.43 with 5.81 million shares traded.

Creed Asia, which owned 6.88% stake as at March 31, 2017, now has 44.07 million shares after unloading the shares through open-market transactions last Wednesday and Thursday...

The group initially planned to launch only 50 to 60 units, but ended up selling close to 90 units, worth a total of S$220 million.

"A good structure in terms of governance, funding and a transparent tender system and implementation have obviously been the factors that have made the MRT project a success," Najib said in Parliament.