IJM Prop eyes 50pc of Larut Leisure
By BUSINESS TIMESIJM Corp Bhd’s subsidiary, IJM Properties Sdn Bhd (IJMP), plans to buy a 50 per cent stake in Larut Leisure Enterprise (Hong Kong) Ltd (LLE) from Talam Group for HK$1 (HK$100 = RM44.40). The deal will also see IJMP assuming a loan of RM25.63 million from the Talam group to LLE. LLE owns [...]
AP Land to announce overseas project soon
By BUSINESS TIMESPROPERTY developer Asia-Pacific Land Bhd (AP Land), which has just concluded a major asset rationalisation exercise, is planning to develop a township overseas. Its joint managing director Low Su-Ming said the company will make an announcement on the proposed project soon. She declined to elaborate. However, when asked if the new …
Bandar Raya plans RM1b REIT
By BUSINESS TIMESBANDAR Raya Developments Bhd (BRDB) may set up a property trust with assets worth more than RM1 billion in three years. The real estate investment trust (REIT) will feature commercial properties in Kuala Lumpur and Johor, chief executive officer Datuk Jaganath Sabapathy said. “The REIT will enable us to unlock the …
AP Land launching 100 villas
By THE STARPENANG: Asia Pacific Land Bhd (AP Land) will launch some 100 villas for its golf resort in Bandar Tasik Puteri, Rawang by year-end, said joint managing director Low Su Ming. “These villas will be the first wave of our high-end residential project for the township.“We still have about 1,500 acres of undeveloped landbank [...]
IJM agress to buy 50% of Leisure
By THE STARPETALING JAYA: IJM Corp Bhd unit IJM Properties Sdn Bhd has agreed to buy a 50% stake in Larut Leisure Enterprise (HK) Ltd, which owns a partially completed commercial and residential complex in Changchun, north-east China.IJM told Bursa Malaysia that IJM Properties would buy 1.52 million shares in Larut Leisure from Larut Overseas [...]
See Hoy Chan bags Fiabci award
By BUSINESS TIMESPROPERTY developer See Hoy Chan recently bagged the prestigious Fiabci Prix d’Excellence International “Best Retail Category” for the 1 Utama Shopping Complex.The three-and-a-half year old shopping complex was one of four under Malaysian companies that were awarded by Paris-based Fiabci (International Real Estate Federation).A total of 43 entries were received for eight award [...]
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