Moving forward, the group expects its construction business to perform well for the rest of FY17 based on current order book and "satisfactory" tender book value.

Singapore real estate investment trusts (REITs) have seen price-to-book fall to 0.9x to reach prior lows set in August last year.

IJM Land Bhd, the property development arm of IJM Corp Bhd, has launched the final phase of Penduline homes at its Bandar Rimbayu township in Telok Panglima Garang, Selangor.

Its assistant secretary, Loh Kit Mun, questioned the statement by state executive councillor Jagdeep Singh Deo that the state government could not limit or stop people from buying heritage properties as it was against the federal constitution.

Developers of new developments in the city will be required to upgrade the main drain in their development areas to solve the flash floods problem in the state. 

Mitraland Group has inked a memorandum of understanding (MoU) with two key tenants, CHi Fitness and Loudspeaker, for its Pier 8 retail development in Klang, Selangor.

Landmarks said Wee has been managing companies involved in the development of commercial projects as well as numbers forecast operations in Sarawak since the early 1980s.

PAM’s president Dr Mohd Zulhemlee An said a local plan that takes into account the projected population growth and infrastructure needs of an area could avoid disasters related to infrastructure inadequacies.

Bank previously forecast a 25-basis point cut next week.

Going forward, GuocoLand expects the property market outlook and sentiment to remain cautious amid an uncertain economic environment.