Sime Darby's plan to list units could lead to a weaker credit profile, says Moody's
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 giving out free Touch ‘n Go cards at Sungai Buloh MRT station
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.
MARC removes WCT from watch list
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.
DONE DEAL: Light industrial lot in Bayan Lepas, Penang
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 raises RM58.29m, eyes more construction jobs
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 unit to buy freehold land, private hospital in Manjung
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.
Overlooked corner of Singapore — Moonstone Lane, St Michael’s area
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.
Penang residential estate market remains lacklustre
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.
Construction of RM1.2 bil Qi City in Bandar Meru Raya has begun
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.
Johor’s new high-end high-rise homes may dip below their launched prices this year
The high-rise residential market in Johor’s Iskandar Malaysia has softened in 2016 with lower transaction prices in the subsale market.
