WCT’s TRX land purchase fairly valued
Year to date, WCT has secured a total of RM1.8 billion worth of projects which have surpassed our initial assumption of RM1 billion.
PROPERTY SNAPSHOT 3: What are developments priced at in Ampang?
Ampang offers a diverse property landscape: one side of the Middle Ring Road 2 lies an exclusive ’hood frequented by expats; while on the eastern side of the MRR2, properties are older and in the affordable range.
BIG DEAL: IOI Properties buys land worth RM1.58 bil from controlling shareholders
IOI Properties Group Bhd is acquiring Mayang Development Sdn Bhd and Nusa Properties Sdn Bhd for RM1.58 billion from the Lee family, under a cash and share deal.
PR1MA mulling project takeovers for affordable housing schemes in Penang, Malaysia
The federal government's Projek Rumah 1Malaysia (1Malaysia Housing Project) or PR1MA in Penang may see the take over of projects by other developers, Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said today.
WCT pays 1MDB RM223 million @ RM3,100 psf for TRX land
1MDB Real Estate Sdn Bhd (1MDBRE) yesterday awarded WCT Holdings Bhd a RM754.8 million contract to build infrastructure and roadway works for the Tun Razak Exchange (TRX).
PROPERTY SNAPSHOT 2: What’s affordable in Ampang?
East of Kuala Lumpur city, the Ampang municipality of Selangor is one of the Klang Valley’s oldest ’hoods . Many low-cost flats dot its housing estates while upmarket residences converge around Kelab Darul Ehsan golf course and along Jalan Ampang.
Sungei Wang Plaza to remain a laggard for CMMT
The gross revenue improved mainly due to the completion of the acquisition exercise of Tropicana City Mall and Office Tower, as well as higher rental at East Coast Mall following an asset enhancement exercise.
Penang signs deal with Aga Khan Trust to manage and develop George Town
Chief Minister Incorporated (CMI) signed a Management Collaboration Agreement with the Aga Khan Trust for Culture (AKTC) and Think City Sdn Bhd today in Chantilly, France.
KL-Singapore high-speed rail draws response from 150 firms to info request
In a joint statement today, the Land Public Transport Commission (SPAD) and Singapore’s Land Transport Authority (LTA) said these companies and consortia come from across the HSR value chain and include entities based in Malaysia, Singapore, Asia-Pacific, Europe, the Middle East and North America.
Guocoland is disposing of Sepang land to Putrajaya Properties for RM475m
Upon completion of the proposed disposal, Vintage Heights is expected to realise a net gain on disposal of approximately RM290 million. About RM116 million is expected to be attributable to Guocoland.
