News by TheEdgeMarkets.com

Astaka Holdings executive director and chief executive officer Khong Chung Lun said that this is the company’s second MoU for a joint development project this year. 

According to the report, the continued political instability caused the forecast for the investment segment in 2022 to be sluggish. Sluggish recovery is also expected for the retail and office sectors, leaving only the residential market for bright recovery thanks to the property-related incentives under Budget 2022.

At the corporation’s outlook briefing on Wednesday (Jan 26), PKNS CEO Datuk Mahmud Abbas (pictured) said: “We are excited to roll out our development plans for 2022 and to see growth both economically and socially in the state of Selangor.”

There will be 2,960 units of serviced apartments with built-ups of between 400 sq ft and 600 sq ft, as well as 252 units of apartments for existing owners and residents of Kampung Baru properties, as part of their entitlement under the terms and conditions of the project.

She said with artificial intelligence (AI) technology incorporated into the building fabric, energy used to power lights, air conditioning and other electrical equipment can be tuned automatically based on the weather and number of people inside the building.

The group said the 18-month project will start on Feb 14. It did not disclose who awarded the project to the company.

In a bourse filing, Haily said its wholly-owned Haily Construction Sdn Bhd has accepted the letter of award for the new job from DP Architects Sdn Bhd on behalf of Country View Bhd's unit Country View Resources Sdn Bhd to build phase one of a tourist strata development located in Aurora Sentral, Pulai.

The property development arm of the Hong Leong Group posted earnings per share of 0.56 sen compared with earnings per loss of 1.7 sen previously.

According to a statement on Monday (Jan 24), Ma, who is the head of valuation, will continue to oversee and expand the firm’s valuation advisory line of business that he has been leading since he joined in 2012. 

The furniture manufacturer has also received approval for the proposed bonus issue of up to 63.24 million warrants on the basis of one warrant for every two existing TAFI shares held on the entitlement date.