IJM Land and MRCB to mergeIJM Land Bhd and Malaysian Resources Corp Bhd (MRCB) have proposed a merger which will create one of the largest property players in the country, with a market capitalisation exceeding RM7 billion and a landbank of over 9,000 acres. The companies entered into a memorandum of understanding on the exercise on Nov 23.

Iskandar Malaysia receives additional RM700mIskandar Malaysia will receive an additional allocation of RM700 million for infrastructure development over the next two years, said Johor Menteri Besar Datuk Abdul Ghani Othman on Nov 30.

Malaysia-Singapore JV to develop project in Danga Bay Singapore’s Imperial Marina Pte Ltd, a property investment company helmed by businesswoman Tan Yang Po, will team up with Danga Bay Sdn Bhd (37%) and Pembinaan Sahabatjaya Sdn Bhd (33%) to jointly develop a RM500 million new waterfront residential and commercial project in Danga Bay, Johor, via a joint-venture company, Para

WCT and GCD to build RM688 mil project in Medini Global Capital & Development Sdn Bhd (GCD) has signed an agreement with Platinum Meadow Sdn Bhd, a wholly-owned unit of WCT Bhd, to develop a RM688 million commercial development in the Medini Business District in Iskandar Malaysia, Johor.

MRCB-IJM Land merger called offThe proposed merger between Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd has been scrapped after both parties failed to agree on the terms of the memorandum of understanding which expired on Dec 29.

Low Yat Group to buy AP Land for RM305 milAsia Pacific Land Bhd (AP Land) has received an offer from major shareholder Low Chuan Holdings to buy its entire assets and liabilities for RM305.2 million or 45 sen per share, according to a Bursa announcement on Jan 11. Low Chuan Holdings is the investment vehicle of the Low Yat Group, which holds a 33.98% stake in AP Land.

Jetson buys land in Penang Kumpulan Jetson Bhd, through its 51%-owned subsidiary Jetson Development Sdn Bhd, has acquired three tracts of land in Penang from Malaysia Building Society Bhd for RM14 million. It announced on Jan 18 that the tracts, measuring 21,671, 23,277, and 3,346 sq ft, are situated in George Town.

Glomac to buy 200 acres of land in PuchongGlomac Bhd is acquiring 200 acres of leasehold land in Bandar Metro Puchong in Puchong, Selangor, for RM77 million.

S P Setia acquires 265.7-acre land in Johor S P Setia Bhd is purchasing a 265.7-acre piece of land in Johor Baru for RM125.78 million, it announced on Jan 28. On the same day, its unit Setia Indah Sdn Bhd entered into a conditional sale and purchase agreement with Kenyalang Property Development Sdn Bhd for the land, which will be developed into a mixed residential project.

Ireka bags RM27.58 million job from VietnamIreka Corp Bhd's wholly-owned subsidiary Ireka Engineering and Construction Vietnam Co Ltd has been awarded a contract by Vietnam-based Hoa Lam-Shangri-La Healthcare LLC to construct the proposed City International Hospital worth RM27.58 million in Hi-Tech Healthcare Park (IHHP) in Ho Chi Minh City.