The upcoming mixed-use residential precinct will comprise the delivery of dual towers featuring approximately 430 apartments across both plots of land, alongside 12% affordable housing, though these are subject to development approval with further details to be determined.
RHB Research maintained its "overweight" rating of the construction sector, after the outcome of the state polls on Saturday (Aug 12) maintained the status quo for the state governments, and removed the political overhang over the sector.
Analysts foresee an improvement in Sentral REIT's financial performance, underpinned by the office-retail property trust's proposed acquisition of Menara CelcomDigi.
CGS-CIMB maintained its "buy" call on Sime Darby Property Bhd and raised its target price (TP) by 19% to 87 sen from 73 sen on the group’s diversified product mix, high unbilled sales and strong balance sheet.
Property developer Axteria Group Bhd has proposed a private placement of up to 10% of its total number of issued share capital to raise RM11.3 million.
Peir Shenq retracted his resignation in the late evening of Monday, but did not explain his change of heart.
PLB Engineering Bhd is disposing of two pieces of land measuring 9,741 square metres or 2.41 acres in Penang for RM26.21 million, which will result in a one-off disposal gain of RM10.76 million.
Fitters Diversified Bhd has terminated its initial 18.97-hectare land disposal to Aikbee Development (Kepong) Sdn Bhd for RM36 million, owing to the buyer’s failure of payment.
The land is next to the Bayan Lepas WaterFront development site.
Yeo, 52, holds a 2.79% stake, comprising 16.08 million shares, in Advancecon.
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