BY EUGENE MAHALINGAMKUALA LUMPUR: LBS Bina Group Bhd is optimistic of achieving its 20% year-on-year sales target growth of RM1.2bil this year with the launch of more affordable homes.Managing director Tan Sri Lim Hock San said the company will be launching two projects by July, with a total gross...

Developer to raise RM768mil for EWI shares and future land acquisitionsKUALA LUMPUR: Eco World Development Group Bhd has proposed to place out 591.06 million new shares or 25% of its paid-up to raise up to RM768.3mil.The property developer said the shares would be placed out at RM1.30 a share.Eco...

PETALING JAYA: Furniture-maker DPS Resources Bhd, which plans to diversify into the construction and property sectors, is proposing to undertake a mixed housing development in Malacca via a joint venture (JV) with a private company.The group expected the venture to make up at least a quarter of its...

PETALING JAYA: Sime Darby Bhd is in talks with US-based private equity fund Blackstone Group to sell a majority interest in three Singapore properties for S$300mil (RM870mil).According to a report by Singapore’s The Business Times, the deal is for the proposed properties of Sime Darby Centre at...

Premium team: (From left) Bee Leng, Chong, Kan, Keng Cheng and Tan at the StarProperty.my Fair 2016 Premium Partners Announcement Ceremony.PETALING JAYA: Not only has the First House Deposit Financing (MyDeposit) scheme received overwhelming public response, it has also encouraged more developers...

Klang Valley occupancy rate drops as retail space surges.BY LEE YAN LI lylee@thestar.com.myMalaysia’s 56 million sq ft of retail space at more than seven sq ft per person constituted a larger per capita number than Singapore's.Klang Valley retail space is expected to reach a threshold of 60...

BY ZAZALI MUSANew project: Hoe with a model of Eco World’s business park project in Iskandar Malaysia.JOHOR BARU: Eco World Development Group Bhd is banking on the progress and development taking place in Iskandar Malaysia to attract buyers for its commercial and industrial development projects...

PETALING JAYA: Commercial property transactions were down in both value and volume last year compared to the previous year.According to the National Property Information Centre’s (Napic) 2015 Property Market Report, a total of 31,776 transactions worth RM26.4bil were recorded in the commercial...

Not bad: The research house says the property sector’s fundamentals are better than initially perceived.PETALING JAYA: Property sales are expected to recover in the second half of 2016, driven by higher consumer confidence and improved economic outlook.CIMB Research in a report said it is...

BY CHERYL POOFor instance, over the course of three to four weeks, we had about 200,000 people visit the Eco Majestic development when we launched a marketing campaign. “Interest remains high,” its president and chief executive officer Datuk Chang Khim Wah told reporters at the Invest Malaysia...