CYBERJAYA: More than RM14 billion worth of properties will be built in Cyberjaya over four years, mainly by eight developers, said a spokesman for the master developer of the township recently.The eight developers are Emkay Group (RM4 billion), S P Setia Bhd (RM3 billion), Cyberjaya’s master developer Setia Haruman Sdn Bhd (RM2.7 billion), MCT Consortium Bhd (RM2 billion), Areca Properties Sdn

PETALING JAYA: The soon-to-be established new Strata Management Tribunal is set to quickly resolve strata management issues in the housing industry between developers and purchasers, and to do so more cost- efficiently, Yong Yung Choy, the past president of the Home Buyers Tribunal, told a seminar organised by The Real Estate and Housing Developers’ Association (Rehda) Institute yesterday.

KUALA LUMPUR: Singapore-listed steel trader Albedo Ltd said it has met with representatives from Infinite Rewards Inc, a company controlled by tycoon Tan Sri Danny Tan, to discuss outstanding issues in relation to its proposed S$774.14 million (RM2 billion) reverse takeover deal to buy the property development arm of Infinite Rewards.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) will book a RM240 million gain, translating into 15 sen per share, for the current financial year ending Dec 31, 2014 following the divestment of Platinum Sentral to Quill Capita Trust (QCT).

BEIJING: A company led by top Hong Kong businessman Richard Li said it has sold a landmark Beijing property for more than US$900 million (RM2.9 billion), fuelling speculation about the motive for Chinese property sales by his family.

Eastern & Oriental Bhd
(April 9, RM2.23)

KUALA LUMPUR: Various industry stakeholders are mooting for the establishment of a centralised body to oversee hillslope management in government.

KUALA LUMPUR: Damansara Realty Bhd (DBhd) has received another unusual market activity (UMA) query from Bursa Malaysia, the second in about a month.

In its query yesterday, Bursa Malaysia asked DBhd to furnish details of any corporate development, rumour or report concerning the business or affairs of the group that could account for the unusual rise in its share price recently.

KUALA LUMPUR: Stakeholders of Malaysia’s IT-themed city Cyberjaya are engaging the government in talks to include Cyberjaya in its mass rapid transit (MRT) connectivity plans.

KUALA LUMPUR: Oxley Holdings (M) Sdn Bhd (Oxley Malaysia), the local unit of Singapore developer Oxley Holdings Ltd, is in talks with several government-linked funds to invest in its RM3.5 billion mixed development planned in the heart of Kuala Lumpur.