PETALING JAYA: The first phase of YTL Land & Development Bhd’s urban renewal of Sentul — The Fennel at Sentul East — received an overwhelming response during its preview at YTL Land Sales Gallery in Jalan Bukit Bintang, Kuala Lumpur last weekend.

KUALA LUMPUR: In its latest acquisition drive, Poh Huat Resources Holdings Bhd’s wholly owned unit PHW Properties Sdn Bhd has purchased two parcels of freehold agricultural land in Muar, Johor, together with Kini Superstore (M) Sdn Bhd, for RM8.36 million.

KUALA LUMPUR: PKNS Holdings Sdn Bhd has withdrawn its injunction application against Malaysian Resources Corp Bhd (MRCB) with “no order as to costs”.

However, it is going ahead with its injunction application against Nusa Gapurna Development Sdn Bhd (NGD).

PETALING JAYA: Encorp Bhd has been seeing increased interest in its stock, with its price rising 34% since July 18 after its CEO Yeoh Soo Ann and chief operating officer Mohd Ibrahim Masrakin bought out the entire 30.55% stake in the company owned by executive chairman Datuk Seri Effendi Norwawi.

PETALING JAYA: Construction output will grow by more than 70% to US$15 trillion (RM48 trillion) worldwide by 2025, according to the latest Global Construction Perspectives and Oxford Economics report. The global benchmark study shows the meteoric growth which outpaces that of global GDP will be concentrated in China, India and the US.

KUALA LUMPUR: Mah Sing Group Bhd launched the final tower — Tower B, of its Meridin Suites Residences in Meridin@Medini integrated development in Nusajaya, Johor, on July 20.The developer will simultaneously open The Meridin@Medini's Property Gallery in Bandar Medini.

KUALA LUMPUR: CapitaMalls Malaysia Trust’s (CMMT) net profit for its second quarter ended June 30 (2QFY13) fell 13.95% to RM114.28 million from a year earlier.

The decline came as the retail-centred real estate investment trust (REIT) registered lower property revaluation gains.

JOHOR BARU:  Iskandar Malaysia is poised to receive more foreign investments, especially from Indonesia and Singapore, following the aggressive promotions undertaken by the Iskandar Regional Development Authority (IRDA).

Chief executive Datuk Ismail Ibrahim said IRDA has, of late, been mounting visits to Surabaya, Semarang and Jakarta to lure investors to the special economic zone.