News about Malaysia

KUALA LUMPUR (Dec 21): IOI Properties Group Bhd's wholly-owned subsidiary Fortune Premiere Sdn Bhd (FPSB) has issued RM100 million sukuk to refinance its debt, fund its capital expenditure and for working capital.

PETALING JAYA (Dec 21): The recent freeze on four types of developments — including condominiums and serviced apartments priced from RM1 million — will introduce more shoebox dwellings with absolute prices below the threshold, said Knight Frank Malaysia Sdn Bhd research and consultancy executive director Judy Ong.

PETALING JAYA (Dec 20): Malaysia’s residential market is expected to continue to soften, said global property consultancy Knight Frank in its Global House Price Index for 3Q17.

KUALA LUMPUR (Dec 19): Ekovest Bhd has issued a takeover notice to buy a 62% stake in Iskandar Waterfront City Bhd (IWCity) at RM1.

  PETALING JAYA (Dec 19): The rapid rise of Malaysia’s real housing prices since 2008 could be a source of future instability, the World Bank said in a recent report.

KUALA LUMPUR (Dec 15): Bertam Alliance Bhd is buying 1.

KUALA LUMPUR (Dec 15): Sunway Bhd will set up a RM5 billion perpetual Islamic medium term note (IMTN) programme to finance its investment activities, capital expenditure and for working capital.

KUALA LUMPUR (Dec 15): Eco World Development Group Bhd (EcoWorld) will lower its financial year ending Oct 31, 2018 (FY18) sales target to RM3.

KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (REIT) has proposed to sell a piece of freehold land in Shah Alam to Nippon Express (M) Sdn Bhd for RM105 million.

KUALA LUMPUR (Dec 15): Property developer Tiger Synergy Bhd has won a RM1 billion contract to build affordable homes in Seremban.