Naim Cendera plans RM500m debt sale to fund projects

By THE STARKUALA LUMPUR: Naim Cendera Holdings Bhd plans to sell debt for the first time to fund property purchases and construction projects. The company plans to sell RM500mil of Islamic debt in September, deputy managing director Sharifuddin Wahab said in an interview. CIMB group will manage the sale to help fund projects in the [...]


Economists: NCER plan to balance regional development

By THE STARKUALA LUMPUR: The Northern Corridor Economic Region (NCER) is seen as a long-term initiative to tap the existing potential in the northern states of the peninsula and to narrow the difference in development that has taken place throughout the country. Economists contacted by StarBiz said the essential criterion would be …


Cahya Mata in deal to sell land

By BUSINESS TIMESCAHYA Mata Sarawak Bhd (CMS) has signed a preliminary deal to sell a piece of land with the buildings on it, to KKB Engineering Bhd. The leasehold land in Sejinkat, Kuching, is 27.6ha in area and houses offices and a steel factory. KKB will pay for the land with new shares or any [...]


Selangor Dredging to buy KL land

By BUSINESS TIMESSELANGOR Dredging Bhd plans to buy a piece of freehold land measuring 4,117 sq m in Kuala Lumpur for RM29.5 million to increase its landbank for future development. The purchase will be funded by internal funds, bank borrowings or a combination of both. Selangor Dredging believes that the property’s location within the boundaries [...]


WCT Land: No plans to buy L&G

By BUSINESS TIMESWCT Land Bhd yesterday said it has no plans to buy over ailing real estate company Land & General Bhd (L&G). In a separate anouncement, L&G said yesterday it was not aware of plans to sell off the company. Both listed firms were responding to a Business Times report on Monday which said [...]


KL’s 10 most expensive condos

By THE STARThe excitement in the property sector over the spiralling condominium and land prices in the KLCC area over the last four months seems to be gaining momentum. Top property consultants tell StarBiz how to separate the wheat from the chaff. WHICH single condominium development in Kuala Lumpur is considered to be the …