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Eco World JV inks deal with Mitsui, Zepp for Bukit Bintang City Centre
Federal Territories minister, Datuk Seri Tengku Adnan Mansor [ standing 5 from right ] with Eco World Development Group Bhd chairman, Tan Sri Liew Kee Sin [standing 2 from right], Mitsui Fudosan Group executive managing director and Mitsui Fudosan Asia director, Akihiko Funaoka [standing 2nd from...
End of a 20-year wait
Tan Sri Liew Kee Sin briefing on Bukit Bintang City Centre project to Datuk Seri Tengku Adnan Mansor during the signing of heads of terms agreements with Mitsui Fudosan and Asia Zepp Hall Network Inc.and mou with the Ascott Limited at Mandarin Oriental Hotel. Looking on are Datuk Dr Mohd Shafei...
Eco World set to hit RM4bil sales target
Developer eyes RM4.5bil in 2017 with launch of new phasesBY S. PUSPADEVISHAH ALAM: Eco World Development Group Bhd is optimistic of achieving its RM4bil sales target this year and hopes to increase this to RM4.5bil in 2017.Amidst the soft property market, president and chief executive officer Datuk...
Developers opt for strata route to sell buildings
BY THEAN LEE CHENGPETALING JAYA: The rout on oil prices, the Klang Valley’s oversupply of office space and the overall soft property market have compelled developers to change tactics when selling their buildings.The rental market also found itself in a similar situation, where office building...
AmProp JV buys properties in London
KUALA LUMPUR: Amcorp Properties Bhd (AmProp) has stepped up its plan to buy more properties in London, with the latest being a joint venture (JV) to buy apartments in the heart of Belgravia for £45mil (RM262.35mil).The company said in a statement that the property, located at Kilmuir House, Ebury...
Amcorp Properties JV buys London properties for RM262m
KUALA LUMPUR: Amcorp Properties Bhd has stepped up its plan to buy more properties in London and the latest being a joint venture to buy apartments in heart of Belgravia for £45mil (RM262.35mil).The company said on Monday the property located at Kilmuir House, Ebury Street, London comprised 49...
5 tips to sell homes for a higher price!
Like many other industries, real estate is driven by the cardinal rule of the market: Buy low, sell high. We all know this. And lately there are a couple of ways to give your sales an edge that stands out. Presenting these five tips to your potential customers will help sell your properties faster...
MBSB rights issue to lead to huge EPS dilution
KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) proposed rights issue could dilute its 2016-17 estimates earnings per share by up to 40%, according to Affin Hwang Capital.“We estimate a potential 39-40% dilutive impact on 2016-17 estimates EPS, barring any potential corporate enhancement...
ML Global sheds its PN17 status after six years
LBS Bina, helmed by group managing director Tan Sri Lim Hock San, is the strategic investor that helped rescue ML Global from the PN17 status.BY M. HAFIDZ MAHPARKUALA LUMPUR: ML Global Bhd is finally free of the Practice Note 17 (PN17) status after six years and amendments to its original...
A cut above in Bangsar South
The project is a stone’s throw from Mid Valley Megamall and The Gardens, and adjacent to the Federal Highway and LRT station.BY DAVID TANEUPE Corporation Bhd is launching its RM555 mil Novum high-rise residential project in Bangsar South comprising three tower blocks of 729 condominium units.The...