The mature neighbourhood of Damansara Heights will soon have a new member — Aira Residence by Selangor Properties Bhd (SPB).

This parcel, with an aggregate area of about 20.7ha is located in Mukim of Kota Tinggi, Daerah Kota Tinggi, Johor...

GAQRS is still on track to secure the potential RM320 million Pahang administration centre project...

The opening of new key facilities with regard to the Genting Integrated Tourism Plan is on track for a soft opening by year end...

The order book is of good quality as it mainly comprises public infrastructure projects with higher margins…

As controversy rages over the suggestion for developers to lend money to prospective buyers who have difficulties getting financing to purchase properties, one question remains unasked: Will lower property prices help resolve the buyers’ financing problem?

Mah Sing Group Bhd is our top pick for the property sector that we believe is heading towards a positive inflection. We view the company as a high risk/reward Malaysia property pure play supported by a positive economic value added (EVA), low net gearing and decent yields driven by a clear sales strategy (central focus, easy entry). The stock’s current price-earnings ratio (PER) of 10 times 2017CL (32% discount to peers) further underpins our upgrade to “buy” (from underperform). Our target price is RM1.90 (was RM1.46).

The group announced overnight a rationalisation exercise which will see its construction business (held through 75%-owned MITC Engineering Sdn Bhd) injected into 51.2%-owned listed subsidiary, ML Global Bhd. The consideration sum of RM225 million will be settled via the issuance of 200.8 million ML Global shares and 135 million irredeemable convertible preference shares, both at 67 sen each.

The building that houses Universiti Malaya’s new Malaya Graduate School of Business is the product of a successful collaboration between local architecture firm Akitek Reka­bina Sdn Bhd and Rome-based BiCuadro Architects.

With the promise of delivering Malaysia’s most coveted address, Sime Darby Property’s ALYA Kuala Lumpur development is poised to set a new benchmark for luxury living.