News by M

In 2020, a 180m-tall Grade-A office building will replace the former CPF Building. The consortium redeveloping the property into a new 29-storey tower at 79 Robinson Road comprises urban solutions provider Ascendas-Singbridge Group and its Japanese joint-venture partners Mitsui & Co and Tokyo Tatemono Co. Ascendas-Singbridge will hold a 65% stake in the consortium, with Mitsui and Tokyo Tatemono holding the remainder.

“[Colliers suggests] that because of limited land supply and government restrictions on developing new shopping centres in major downtown areas, new supply growth is expected to slow in the following years and the market should continue to favour landlords.”

AQRS potentially stands to benefit from future development in Kota SAS, especially transit-oriented development projects.

The property was acquired back in April 2014 at a cost of C$70.2 million with a planned gross development value of C$516.9 million.

Iskandar Waterfront City Bhd’s (IWCity) share price falls 13 sen or 5% to RM2.46 in active morning session trade today, as some stale bulls take profit after the share price doubled since the start of the month. The counter was among the top decliners, with some 26.29 million shares crossed this morning. 

WCT Holdings Bhd has received a request for arbitration from the Dubai International Arbitration Centre which was filed by Triumpher Steel Construction Group (TSC).

Sunway Construction Group Bhd confirms that its subsidiary Sunway Construction Sdn Bhd (SCSB) has bagged a construction job from intercity railway operator Mass Rapid Transit Bhd (MRT) worth RM212.3 million.

Eco World Development Group Bhd (EcoWorld) has opened the show village for Eco Grandeur in Puncak Alam, Selangor last weekend.

Sarawak will fine-tune its own financial model to enable the middle-income group to buy their own house in the state.

S P Setia Bhd is looking to launch phase 2A of its 194-acre Setia Eco Templer township near Selayang, Selangor in 2Q2017.