Metronic to spend RM75 mil on mixed development project
The group plans to build an 18-storey service apartment with 88 units of service apartments and 13 units of shop lots on the land.
E&O share trade suspended pending announcement
According to sources quoted by The Edge Financial Daily, the developer is believed to have found a strategic investor to pump in fresh capital to kick-start land reclamation for Phase 2A of the Seri Tanjung Pinang (STP) development — part of the remaining 760-acre STP project.
Econpile lands RM92.5 mil MRT2 job
The latest contract has boosted Econpile’s year-to-date job wins to RM1.14 billion for its financial year and its order backlog to RM1.5 billion.
Government to create developer friendly package for affordable houses, says Tengku Adnan
The Federal Territories Ministry plans to create a package that will benefit developers in terms of reducing cost and be time efficient when constructing affordable houses for the people.
E&O finds partner to kick-start STP Phase 2A — sources
According to sources, a large local fund has been in talks with E&O on taking up an equity stake in the sea-fronting development project near Penang island. The project, Phase 2A, involves reclaiming 253 acres (102.38ha) of land, which has an estimated gross development value of RM20 billion.
Sotheby’s International Realty opens regional HQ in S’pore
List Sotheby’s International Realty said it is timely and strategic to capitalise on Singapore’s position as a global financial hub and the growing number of affluent individuals in the region.
e-Lelong System launch postponed
The launch event was initially scheduled for this afternoon at the Kuantan Court Complex in Pahang.
New addition to project pipeline makes Mapletree Industrial Trust all the more a better ‘buy’
OCBC Investment Research is maintaining its “buy” recommendation on Mapletree Industrial Trust (MIT) at a fair value of S$1.88 after the REIT’s recent announcement of its S$60 million (RM190 million) contract win for the development of a build-to-suit (BTS) data centre.
Majuperak appoints Rustam Apandi as new MD
Majuperak Holdings Bhd has appointed Rustam Apandi Jamaludin as managing director and group chief executive officer (CEO) effective from April 1, replacing Datuk Jamal Mohd Aris who resigned earlier this month.
Anzo unaware of reason for sharp rise in share price
Last Wednesday, Anzo announced that its wholly-owned construction arm, Harvest Court Construction Sdn Bhd, had received a letter of intent from Tinta Anggun Engineering Sdn Bhd for a RM109.3 million contract to build Phase 2 of the Porto De Melaka Hotel and Resort development in Melaka
