News by M

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.

Sarawak-based property developer Ibraco Bhd, known for its range of upscale residential and commercial property projects, is recalibrating its product portfolio to include more affordable housing.

Soft market prompts Singapore developer to reassess joint-venture projects.

Some proposed amendments to the Stamp Act 1949, which seek to impose stricter requirements on the stamping of contracts, have caused a stir among property developers who worry that the amendments will push up their cost of doing business.