Mulpha International Berhad, Australia’s leading owner, operator and manager of retirement communities through its strategic investment in Aveo Group Limited (ASX: AOG) today announced it has exchanged contracts for the acquisition of 100% of Freedom Aged Care Pty Ltd (Freedom).Freedom owns and...

The first offering under the RM10.38bil GITP, the First World Hotel, began operations in June last year.KUALA LUMPUR: Genting Malaysia Bhd will double the capital investment under the Genting Integrated Tourism Plan (GITP), which involves redeveloping and transforming Resorts World Genting, from...

BY WONG WEI-SHENAn artist's impression of Utropolis.KUALA LUMPUR: Paramount Corp Bhd saw its full-year 2015 earnings grow by 8% to RM67.68mil compared with RM62.47mil in the previous year, driven mainly by the property division.Revenue for the period was 13% higher at RM576.03mil against...

 BY NADYA NGUIKUALA LUMPUR: Sunway Bhd plans to launch properties with a gross development value (GDV) of RM1.6bil in the Klang Valley, Iskandar Malaysia, Ipoh and Penang.Last year, the group clinched RM1.2bil in sales, while unbilled sales stood at RM2.3bil as of end-2015.Managing director of the...

 8Kia Peng is made up of a single 50-storey tower with a gross development value of RM1bil.SHAH ALAM: I-Bhd has appointed Setiakon Builders Sdn Bhd as the master contractor to oversee the development of 8Kia Peng condominium in Kuala Lumpur.I-Bhd deputy chairman Datuk Eu Hong Chew said last...

Tropicana Heights at Kajang recorded good take up rates.Petaling Jaya (19 February 2016) – Property developer Tropicana Corporation Berhad (“Tropicana” or “Group”) today announced its unaudited financial results for the financial year ended 31 December 2015.For the fourth quarter under...

PETALING JAYA: Sunway Bhd’s property unit, Sunway Property, has been named “Property Company of the Year 2015 – Asia” by readers of World Finance, a leading United Kingdom-based financial magazine.Sunway said the “World Finance Real Estate” award was to recognise its high standards in...

BY JAMEEL AHMADConcerns over the resumption of selling in the commodity markets, China’s slowdown and the market’s adjustment to higher US interest rates led to volatility and losses in the international stock markets throughout January. Downward pressure also remained on the EURUSD with the...

BY CHERYL POOKUALA LUMPUR: LBS Bina Group Bhd aims to achieve RM1.2bil sales for the financial year ending Dec 31, 2016 after meeting its target for last year.“We are confident of achieving it through planned launches worth RM2.5bil in gross development value (GDV) over the year. This includes...

PETALING JAYA: Waste management solutions service provider PJBumi Bhd is selling 2.02 ha in Kedah for RM4mil.In a filing with Bursa Malaysia yesterday, PJBumi said the disposal would provide an opportunity for the company to unlock the immediate value of the property that currently does not...