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Property company KIP eyes Bursa listing next year
BY ZAZALI MUSALatest offering: Ong (left) and KIP senior general manager Siew Fook Wah with a model of 8escape@Iskandar Malaysia.JOHOR BARU: Plans are already in the pipeline for Kuala Lumpur-based property company KIP Group to be listed on Bursa Malaysia next year.Executive director Datuk Eric...
MKH strategy pays off
New landmark: An artist’s impression of Kajang 2. MKH’s property crown jewel is the 220-acre Kajang 2 flagship development, where more projects would be rolled out closer to the completion of the MRT in 2017.PETALING JAYA: MKH Bhd’s focus on developing affordable homes will help the company...
MRCB-Quill Reit Q2 profit jumps 59%
BY M. HAFIDZ MAHPARPETALING JAYA: MRCB-Quill Real Estate Investment Trust (MQReit) (formerly Quill Capita Trust) has recorded a net profit of RM13.632mil for the second quarter (Q2) ended June 30, 2015, a 59.2% jump from a year earlier due to recognition of the full-quarter income contribution...
Tropicana to launch phase two of Tropicana Aman in August
The stunning new Tropicana Aman property gallery overlooking the lake.PETALING JAYA: Tropicana Corp Bhd will launch the second phase of its mixed township development Tropicana Aman in Shah Alam next month.In a statement, the property developer said the first phase of Tropicana Aman – called...
Mara to sell Ashley House in Britain to repay loans, says ex-chairman
KUALA LUMPUR: Majlis Amanah Rakyat (Mara) is selling the Ashley House in Britain to repay loans used to purchase four controversial properties in Melbourne, Australia.Its former chairman Tan Sri Annuar Musa, whose term ended last Friday, said Mara wanted to pay back 70% of the loans taken from...
Concern over abandoned project
BY ELAN PERUMALThe project seen from Jalan Batu Tiga Lama, Klang.CONSTRUCTION work on The Boss, one of Klang’s most talked about development projects, has been abandoned halfway, dealing a cruel blow to 300 investors who were initially guaranteed huge returns on their properties.The multi-million...
Berjaya Corp raises stake in Berjaya Kyoto’s RM1.05b Japan project
BY ZUNAIRA SAIEEDKUALA LUMPUR: Berjaya Corp Bhd will advance over RM152mil to Berjaya Kyoto Development (S) Pte. Ltd (BKyoto) and subscribe for a 50% stake in the latter which is undertaking a billion-ringgit property project in Kyoto, Japan.Under the corporate exercise, BCorp said on Tuesday it...
Gerakan Youth claims developer shortchanging house buyers in Sungai Ara
GEORGE TOWN: Penang Gerakan Youth claims that potential buyers have been shortchanged through ‘shrinking’ affordable housing units.Its Legal and Public Complaints Bureau chief Jason Loo said the sizes of affordable units priced at RM300,000 and RM200,000 should be at least 850sq ft and 750sq ft...
27 buyers want developer to hand over houses as promised
Compiled by JUSTIN ZACK, TAN SIN CHOW and R. ARAVINTHANTWENTY-seven buyers who booked low cost houses in Kuala Ketil, Kedah, have demanded the houses be handed over by the developer as promised.Tamil dailies reported that the 24 Indian and three Chinese buyers had paid RM2,000 deposit each for the...
Office space rental rates to remain flat
BY EUGENE MAHALINGAMScene of the Kuala Lumpur City Centre from the Kuala Lumpur Tower.PETALING JAYA: Rental rates for office space within the Klang Valley is expected to remain flat for the rest of 2015, as steady incoming supply will offset demand.Savills Malaysia executive chairman Chris Boyd...