News by M

The trust declared a final income distribution of 3.73 sen per unit, payable on Feb 28.

The Waterside Residence is the first residential tower in The Light Waterfront Phase 2, with an estimated gross development value of RM240 million.

FY2016 hotel revenue declined 4% y-o-y due to the commencement of guest room refurbishment in the Mandarin Oriental (MO) and lower food and beverage contribution from rebranding of the Sultan Lounge and Casbah.

Having successfully diversified into the construction business, timber products company NWP Holdings Bhd is venturing into property development too.

Ecofirst Consolidated said the lower performance for the cumulative period was due to lower billings from the Upper East @ Tiger Lane project, and higher marketing costs incurred for the early stages of Phase 1 of the Ampang Ukay project.

The lower quarterly and annual DPU figures are mainly due to Keppel’s pro-rata preferential offering with the acquisition of Keppel DC Singapore 3 (KDC SGP 3).

Sime Darby Property said customers who purchase selected properties are entitled to receive a rebate of RM8,888 on the initial 10% down payment.

The purchase will enable it to construct and possess its own corporate office building, and allow it to consolidate its existing operations located in Bayan Baru and Batu Maung under one roof to improve and enhance operational efficiencies.

Land acquisitions by Chinese investors made a comeback in 2016, with a rise of 44% following significant transactions in Hong Kong, Australia and Malaysia.

Kerjaya’s property arm’s Vista Genting, with a gross development value of RM300 million that was launched in early 2016, has achieved a healthy 60% take-up rate.