News by M

The group announced to Bursa Malaysia yesterday that its unit Pertanian Taman Equine Sdn Bhd has signed a conditional sale and purchase agreement with Kemaris Residences Sdn Bhd for the proposed disposal

Based on transactions analysed by theedgeproperty.com, the average price psf of condominiums and apartments in the area was RM444 psf in 3Q2014, up 19.3% y-o-y.

WCT is expected to net RM107 million from the rights issue, which was issued at RM1 per share. By the same token, the exercise price for the new warrants is RM2.08 per share and could potentially raise a further RM500 million.

The group attributed the drop mainly to the decrease in revenue recognition form the sales of industrial properties, which generally demanded a higher profit margin

Bukit Jalil is quite diverse in character

According to Affin Bank managing director and chief executive officer Kamarul Ariffin Mohd Jamil, the purchase price of RM255 million means that the price per gross floor area would be RM309.67 per sq ft, while the plot ratio will be 15.2 times

Ekovest Bhd, which is currently operating the 18km DUKE and is now completing the 16km DUKE Phase 2, is in talks with 1Malaysia Development Bhd for the realignment of the highway

WCT Malls Management Sdn Bhd, the mall’s manager, however, seems unperturbed by the drop in about 8% of its nett leasable area in a retail market that is being choked by low sales as consumers remain low-spirited

Meda last month announced that it was acquiring a 4.18-acre parcel in Jalan Satu, Chan Sow Lin, Kuala Lumpur, for RM180 million

One of the biggest upcoming projects is the 50-acre Bukit Jalil City integrated development, a joint venture between Ho Hup Construction Co Bhd and Malton Bhd