Sunway City appoints Ho as new MD
PETALING JAYA: Sunway City Bhd has appointed Ho Hon Sang (pictured) as its new Managing Director, Property Development, Malaysia, effective March 19, 2010.
Latest
UEM Land rights shares fixed at 80 sen
KUALA LUMPUR: The issue price of UEM Land Bhd's rights shares has been fixed at 80 sen per rights share, which is 44.1% below its five-day volume-weighted average market price up to last Friday, March 19, of RM1.43
It said on Monday, March 22 the issue price was also 34.4% below the theoretical ex-rights price of UEM Land shares of RM1.22.
Golden Palm Tree Resort to generate about RM30 mil revenue
KUALA LUMPUR: Sepang Gold Coast Sdn Bhd (SGC) is optimistic of generating a revenue of between RM20 million and RM30 million from the operation of its Golden Palm Tree Resort.
The RM300 million resort, which will open for business in Bagan Lalang, Sepang, end-June, is 80% sold to European and Middle East buyers.
DOSH expected to charge those responsible for Jaya Supermarket collapse
KUALA LUMPUR: The Department of Occupational Safety and Health (DOSH) does not intend to reveal the contents of a report on the Jaya Supermarket building collapse in Petaling Jaya, which killed seven Indonesian workers, to the public.
Symbol Vintage completes maiden project
KUALA LUMPUR: Symbol Vintage Sdn Bhd expects its recently completed bungalow project Bukit Melawati (pictured), in Taman Melawati, Ampang to be fully taken up by the end of the month, said its managing director Jeffrey Ong Teng Buey.
IJM: Official award for Besraya Elevated Expressway
THE BUZZ
Last Friday it was announced on Bursa Malaysia that IJM had accepted the Letter of Award for the construction of the Besraya Elevated Expressway (BEE) for a fixed price lump sum of RM600 million. Construction period for the job is 36 months.
Weekly property review: March 15 to 21
A subdued week
• Ended lower for the week
Opportunities in mispriced assets
M-REIT is due for a re-rating, especially commercial REITs which are under-priced vis-à-vis prices transacted in the secondary (physical) market. A re-rating will also be spurred by the impending listing of three mega REITs with combined assets of up to RM8 billion, which will add to the depth and liquidity of the sector.
City & Country: Setting new heights in Ipoh
What usually comes to mind when one mentions Ipoh are the lovely limestone hills, the serene feel to the town and of course, great food. Just about a two-hour drive from Kuala Lumpur, it is becoming a popular spot for city folk to escape the hustle and bustle, especially on the weekends.
