BY NELSON BENJAMINIsmail (right) exchanging documents with Wu (left) to establish the Iskandar Malaysia Greenland Smart City Experimental Centre. Looking on is Mohamed Khaled (second from left).JOHOR BARU: A Chinese developer will be building an experimental centre using advanced technology to...

BY EUGENE MAHALINGAMKUALA LUMPUR: LBS Bina Group Bhd expects to fully sell out its Cameron Centrum Precinct 1 development in Cameron Highlands by year-end, said the company's managing director Tan Sri Lim Hock San.According to Lim, the project, which comprises 58 commercial units, was already 40%...

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...

KUALA LUMPUR: Maybank IB Research said that S P Setia Bhd's (SPSB) latest prime land acquisition in Melbourne, Australia is a positive move as it marks the group's first landbanking activity in two years.In a note today, the research house said that the parcel of land in question is strategically...

BY CHERYL POOPETALING JAYA: S P Setia Bhd’s prospects have been brightened by its new land purchase in Melbourne, Australia, analysts said.The land, measuring 1.02 acres and acquired for A$101mil, is the property developer’s fifth acquisition in the country.It was won through a bidding exercise...

BY JESSIE LIMCheah (left) and Azhar at the launch of Signature Selection-Rendezvous in France 2016.BUYING a property has never felt so rewarding, apart from owning a place you can call home.Purchasers now have the opportunity to head to France and have a rendezvous with football players and a...

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...

An artist’s impression of Type B of Elmina Valley Phase 2.SIME Darby Property has followed up on the success of the first phase of its Elmina Valley development by attaining a 94% take-up rate for Phase 2 of the project that was launched this month.Out of the 309 residential homes offered, 290...