News by Sangeetha Amarthalingam

Eco World said it achieved RM1.02 billion sales in 3QFY15; RM673 million came from projects in the Klang Valley and RM311 million was contributed by projects in Iskandar Malaysia.

Compugates Holdings Bhd is teaming up with a Penang-based privately held property developer to transform a 38.3-acre parcel of land in Dengkil, Selangor, into a mixed-use development with a gross development value (GDV) of RM1.5 billion.

It inked the MoUs with: PTS Impression Sdn Bhd (PTS Impression), Yuten Development Sdn Bhd (Yuten), Terrawest Resources Sdn Bhd (Terrawest), Land & Build Sdn Bhd (Land & Build) and Admiral City Sdn Bhd

AmResearch said Mah Sing was targeting to generate between RM300 million and RM350 million sales from new developments, making up 11% of the group’s overall projected sales

Mah Sing Group Bhd expects a contribution of between RM300 million to RM350 million sales from its Penang property developments to the group’s overall revenue for the financial year ending Dec 31, 2015 (FY15).

MRCB-Quill Real Estate Investment Trust (MRCB-Quill REIT) posted a 59.22% rise in its realised net income in its second quarter ended June 30, 2015 (2QFY15) from RM8.56 million in the corresponding period last year.

Meda Inc said it was terminating the sale and purchase agreement (SPA) for the acquisition of the 3.9ha land in Tempat Sungai Sekamat in Cheras

Sector is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.

Project is in addition to the RM2 bil Penang Sentral transport hub in Butterworth