News by M

M101 Holdings Sdn Bhd is set to launch Design Suites by Studio F. A. Porsche in the first quarter, according to the developer in a City & Country report dated Feb 6, 2017. The project is scheduled to be completed by 2020.

Conglomerate Sime Darby Bhd's plan to list its plantation and property businesses could lead to a weaker credit profile, according to Moody's Investors Service.

Gamuda Land, the property arm of Gamuda Bhd, is celebrating the Lunar New Year by giving away 2,017 Touch ‘n Go cards that have been preloaded with RM30, starting Feb 2 to 5.

Malaysian Rating Corp Bhd (MARC) has removed the rating on WCT Holdings Bhd’s RM2.5 billion debt programmes from its MARCWatch Developing list, as it is satisfied with the construction company’s plan to reduce the debt that had been affecting its credit ratings.

Rented for: RM20,000 a month; Concluded by: Jerome Eng Sitt Tatt (E 2316) of CBD Properties (Penang) Sdn Bhd (012-419 9298); When: October 2016

Vizione Holdings Bhd, formerly known as Astral Supreme Bhd, said it has raised gross proceeds of RM58.29 million from the its two-for-one rights issue with free attached warrants.

IHH Healthcare Bhd via its wholly-owned subsidiary Pantai Medical Centre Sdn Bhd (PMCSB) entered into a sales and purchase agreement (SPA) with YNH Hospitality Sdn Bhd (YNHSB) and Kar Sin Sdn Bhd (KSB), a wholly-owned subsidiary of YNH Property Bhd, last Thursday.

When Malaysia-listed developer Selangor Dredging Bhd (SDB) announced early last month that it was buying a freehold site in Serangoon Road from National Aerated Water Company for S$47 million, it brought attention to a neighbourhood off Serangoon Road that has been overlooked for some years.

The general performance and outlook for the property market in Penang is still lacklustre as both economic conditions and general public sentiments are down, said real estate firm Knight Frank Malaysia in its “Real Estate Highlights 2H2016” report.

Green Venture Capital Sdn Bhd (GVC), a subsidiary of Wawasan Qi Properties Group (WQIP), has commenced construction work on the Qi City development in Bandar Meru Raya, near Ipoh in Perak. It is slated for completion by 2020.