News by TheEdgeMarkets.com

In a media briefing on Wednesday (Jan 5), LBS Bina announced that its property sales target for 2022 is RM1.6 billion, to be achieved by 14 planned launches that will cover the Klang Valley, Johor, Pahang and Perak. This will amount to 3,733 units with a gross development value (GDV) of RM1.77 billion

From January to March 2022, the campaign will showcase a selection of the group’s six new and upcoming launches and 14 ongoing projects nationwide bundled with hassle-free, affordable sales package for first-time homebuyers, upgraders and younger demographics who are looking into investment or own-stay.

According to a statement on on Tuesday (Jan 4), the MoU was signed by UEM Sunrise chief marketing officer Kenny Wong and Sime Darby Property chief operating officer — integrated development Datuk Mohd Idris Abdullah (both representing Sime Darby Property Sunrise Development), while Netherlands Maritime University College was represented by its executive chairman Datuk Razali Yaacob

In a statement on Tuesday (Jan 4), Savills Malaysia shared its top property predictions in 2022 with comments by Khong, Savills Malaysia Deputy Managing Director and Head of Capital Markets Nabeel Hussain, Savills Malaysia Executive Director Marcus Chia, Savills Malaysia Director of Industrial Agency Kevin Goh and Savills Malaysia Director of Retail Services Murli Menon.

The appellants, developer Memang Perkasa Sdn Bhd (a subsidiary of Malton Bhd), Kuala Lumpur City Hall (DBKL), Yayasan Wilayah Persekutuan (YWP), as well as Bukit Kiara longhouse residents, are appealing at the Federal Court to reinstate the proposed Taman Rimba Kiara project’s development order.

Hap Seng, via its wholly-owned Sierra Positive Sdn Bhd, has inked an agreement with Naza TTDI Sdn Bhd’s unit TTDI KL Metropolis Sdn Bhd (TLKM), to buy the land known as Met 3, Plot 7A, KL Metropolis, measuring 668,212.79 square feet. Naza TTDI is 80%-owned by Naza Corp Holdings Sdn Bhd (NCH)

The Islamic notes issued represents the first tranche in a RM1.3 billion sukuk murabahah programme with a tenure of up to 20 years, said Ekovest in a bourse filing

In a filing with Bursa Malaysia, Advancecon said the 12-month contract was offered by Yayasan Sarawak, with work commencing after the possession of the site.

The project, which will include the construction of two power substations, will start on Jan 5 and be completed in 20 months, according to Inta Bina's bourse filing on Thursday (Dec 30).

In a bourse filing, Malton said MTrustee Bhd, acting as the trustee of Pavilion REIT, has accepted an invitation from its subsidiary Regal Path Sdn Bhd to commence discussion for the potential sale of the mall.