IJM calls off Sabah condo, hotel plan

By BUSINESS TIMESIJM Corp Bhd’s property unit will not develop its earlier planned condominium and boutique hotel in Kota Kinabalu, Sabah.”IJM Properties Sdn Bhd and Suria Capital Holdings have mutually agreed not to proceed with the joint venture for the development of a 16-storey condominium and 11-storey boutique hotel,” it told Bursa Malaysia yesterday.The developments [...]


Mutiara’s RM430m project in Kajang

By BUSINESS TIMESPROPERTY developer Mutiara Good-year Development Bhd will be developing mixed commercial and residential properties in Kajang with a gross development value (GDV) of RM430 million.Mutiara, through its wholly-owned unit, entered into a joint-venture agreement with Kajang Heights Development Sdn Bhd yesterday to develop the latter’s 27.77ha (68.58 acres) land, it told Bursa Malaysia [...]


Phase 2 of Mines park secures sales before launch

By BUSINESS TIMESCOUNTRY Heights Holdings Bhd’s second phase of Mines Waterfront Business Park has already secured sales and received enquiries from potential buyers locally and abroad, even before its launch.Project developer, Mines Waterfront Business Park Sdn Bhd (MWBP), is expected to start the construction within the next six months.MWBP sales and marketing head Vincent Chew [...]


Mutiara Goodyear and Kajang Heights team up

By THE STARPETALING JAYA: Mutiara Goodyear Development Bhd is teaming up with Kajang Heights Development Sdn Bhd to undertake a property project with a gross development value of RM430mil. Under the agreement signed yesterday, Mutiara unit Regal Form Sdn Bhd would build mixed commercial and residential properties on Kajang Heights’ 27.6ha site in Kajang, of [...]


GCorp plans niche residential project in KL

By THE STARKUALA LUMPUR: General Corp Bhd (GCorp) plans to acquire a small piece of land in the Klang Valley this year for a proposed niche residential property project, says executive director Datuk Marco Low. The company wanted to focus on small and luxury residential projects because they were in demand, he said, but declined [...]


Quill sees long-term gains in assets tenanted by blue-chip firms

By THE STARPETALING JAYA: Commercial real estate investment trust Quill Capita Trust (QCT) believes that quality commercial assets tenanted by blue-chip companies not only offer a stable income stream but will also generate sustainable long-term total returns on investment despite the challenging economic climate. Chief executive officer Chan Say Yeong said blue-chip companies usually tenanted [...]