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Market News

08 May 2015 RM2 billion GDV project coming up on former Brickfields police land LITTLE-KNOWN property developer Seni Nadi Land Sdn Bhd (SeniLand) will undertake a project with an estimated gross development value (GDV) of RM2 billion on two parcels of land in Brickfields, Kuala Lumpur, where the former Brickfields district police headquarters and barracks were located.
07 May 2015 F&N to launch RM2bil PJ property project in 2016 KUALA LUMPUR: Food and beverage company Fraser & Neave Holdings Bhd (F&N) is looking to launch its RM2bil integrated property project at Section 13, Petaling Jaya, by the second quarter of 2016.
28 Apr 2015 Malton gets RM703m construction works for Pavilion Damansara Heights KUALA LUMPUR (Apr 24): Malton Bhd has bagged a construction job worth RM703 million from Impian Ekspresi Sdn Bhd, which is indirectly controlled by Malton executive chairman Tan Sri Lim Siew Choon, for the Pavilion Damansara Heights project.
23 Apr 2015 MRCB to sell 51% stake in Nu Sentral for RM120m KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) intends to sell its entire 51% equity stake in Nu Sentral Sdn Bhd to Pelaburan Hartanah Bhd (PHB) for RM119.77mil.
23 Apr 2015 MRCB to sell 51% stake in Nu Sentral for RM120m KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) intends to sell its entire 51% equity stake in Nu Sentral Sdn Bhd to Pelaburan Hartanah Bhd (PHB) for RM119.77mil.
22 Apr 2015 IJM streamlines The Light Waterfront project PETALING JAYA: IJM Corp Bhd has announced a related-party transaction which involves the transfer of The Light Waterfront development in Penang from Jelutong Development Sdn Bhd to Aura Hebat Sdn Bhd (AHSB). Both companies are its subsidiaries.
22 Apr 2015 New RM2b highway PETALING JAYA: Putrajaya Perdana Bhd, alongside Pesona Metro Holdings Bhd, is on the verge of securing a highway concession in the Klang Valley worth over RM2.1bil, marking the start of both companies diversifying their business portfolio away from a heavy reliance on the construction industry.
20 Apr 2015 Impian Bebas gets RM1b financing for Lot 91 project at KLCC KUALA LUMPUR: Impian Bebas Sdn Bhd, which is undertaking a mixed commercial development at Kuala Lumpur City Centre (KLCC), has secured a 15-year, RM1.08bil syndicated Islamic term financing.
17 Apr 2015 High hopes for Sunway Putra Place SUNWAY Real Estate Investment Trust has invested RM1 billion in Sunway Putra Place, including over RM400 million on the refurbishment of the development, which includes the shopping mall and hotel and office block, located opposite The Putra World Trade Centre (PWTC).
17 Apr 2015 A Shangri-La for Dayabumi KUALA LUMPUR: KLCCP Stapled Group, which is planning to build a 60-storey office and hotel tower next to Menara Dayabumi, is currently in talks with the Shangri-La group to manage the facility.