News about development

PETALING JAYA (May 19): Despite the depreciating ringgit against the US dollar in 1Q2015 and ongoing concerns on the impact of low oil prices on the Malaysian economy, the level of investment activity remained surprisingly strong for the quarter, according to DTZ Research’s “Property Times Kuala Lumpur Q1 2015: Cautious Sentiment Aggravates Uncertainties” report.

GEORGE TOWN (May 18): YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend.

SINGAPORE (May 15): EcoWorld Development Group Bhd (EcoWorld) celebrated the opening of its international EcoWorld Gallery @ Singapore today.

PETALING JAYA (May 8): UOA Development Bhd has planned four new launches this year worth RM1.

PETALING JAYA (May 8): Following a 20% share placement with institutional investors and the completion its corporate exercise yesterday, EcoWorld Development Group Bhd has raised some RM2.

PETALING JAYA (April 25): OSK Property Holdings Bhd plans to open its flagship Atria Shopping Gallery in Damansara Jaya on May 28, said its director of leasing Sally Low.

KUALA LUMPUR (April 24): Eco World Development Group Bhd aims to list its Eco World International Bhd (EWI) special purpose acquisition company (SPAC) in 3Q, said Eco World chairman Tan Sri Liew Kee Sin (pictured) in The Edge Financial Daily today.

KUALA LUMPUR (April 23): Eco World Development Bhd will not propose any dividend for its shareholders for the next two to three years as it is still in a growth phase, its chief financial officer Datuk Heah Kok Boon said.

KUALA LUMPUR (April 22): Econpile Holdings Bhd has bagged a piling and related works contract from TWY Development Sdn Bhd for the latter’s TWY @ Mont Kiara duplex condominiums, valued at RM29.

KUALA LUMPUR (April 20): AllianceDBS Research reported on April 17 that the Eco World Development Group Bhd (ECW) announced that it had received a letter of award (LOA) from the Penang Development Corporation (PDC) for the proposed acquisition of 299.