News by M

The industrial premises, which sits on a 3.23ha plot, comprises a three-storey office building with an annexed single-storey factory, two blocks of single-storey factories and a guardhouse.

We remain upbeat about WCT Holdings Bhd’s infra outlook, but this is offset by property sales risks.

Shares in the company settled at their highest closing price of RM6.20 yesterday, after just some 62,200 shares were traded.

The counter climbed RM1.05 or 20.39% today to close at RM6.20 following trades of 62,200 shares. Over the past week, the counter has gained RM2 or 48% since its closing of RM4.20 on April 5.

Property developer S P Setia Bhd has submitted a bid to acquire a residential plot of land at Toh Tuck Road in Singapore.

MIDF Research has projected the construction industry to grow by 6.5% this year, lower than Construction Industry Development Board's (CIDB) forecast of 8% and the sectoral growth rate recorded in 2016.

Mulpha International Bhd’s resort on the Great Barrier Reef in Australia will be closed till mid-2018 for rectification works following “sufficiently extensive” damage caused by Cyclone Debbie on March 28.

Singapore-listed GuocoLand Ltd has sold another 42 of its remaining 95 units at Leedon Residence in the first three months of 2017. This brings total sales in the 381-unit, freehold, high-end condominium in prime District 10 to 328 units, which means the project is 86% sold.

Medini Iskandar Malaysia Sdn Bhd has appointed Dr James Tee (pictured) as its new managing director and CEO with effect from April 10, 2017 according to a press statement today.

City Developments Ltd (CDL) has announced positive sales for its 174-unit luxury freehold residential development thus far, with average sales prices ranging from over S$2,600 (RM8,205) to S$2,800 per sq ft.