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IJM unit secures RM1bil job from MFBBCC Retail Mall
PETALING JAYA: IJM Corp Bhd has clinched a construction job from MFBBCC Retail Mall Sdn Bhd worth RM1.16bil.In a filing with Bursa Malaysia yesterday, it said its wholly owned subsidiary IJM Construction Sdn Bhd had accepted the letter of award from MFBBCC Retail Mall for the design and build of...
SP Setia FY16 net profit beats expectations
KUALA LUMPUR: SP Setia Bhd’s 4QFY16 profit after tax and minority interest surged by 217% bringing full year of FY16 to RM808mil, accounting for 123% of Hong Leong Investment Bank (HLIB) Research's forecast and 120% of consensus estimate.The research house said the stronger result was mainly due...
Cash-rich IGB jumps on Goldis’s takeover plan
BY JOSEPH CHINKUALA LUMPUR: Share of cash-rich property company IGB Bhd surged after its major shareholder Goldis Bhd offered to acquire the outstanding shares not owned at RM3 each.At 10am, IGB was up 35 sen to RM2.87 with 1.34 million shares done while Goldis added 15 sen to RM2.65 with...
Wide array of projects awaits at property fair
Scouting the market: Prospective buyers browsing displays and speaking to agents at the StarProperty.my Fair 2017 at the Sunway Velocity Mall, Kuala Lumpur.KUALA LUMPUR: StarProperty.my has kicked off the year’s first property fair at Sunway Velocity Mall along Lingkaran SV here, showcasing a...
A tale between two “Bandars”
Bandar Puteri Bangi offers the best of both worldsBy LEE YAN LI lylee@thestar.com.myInfinity Pool at Palmyra Residence, Bandar Puteri Bangi.NESTLED between the lively Bandar Bukit Mahkota and Bandar Seri Putra, Bandar Puteri Bangi is a mixed development that sits at the border of Selangor and Negri...
Not affected by new ruling on foreign ownership
BY NELSON BENJAMINWong (third from right) and Tebrau MP Khoo Soo Seang (fourth from right), watching a Chinese calligraphy master during the Chap Goh Meh celebration.JOHOR BARU: The new regulation limiting foreign ownership in projects outside international zones in Johor does not faze one...
DBKL to sponsor repair costs
BY VIJENTHI NAIRDBKL will sponsor up to 90 of repair costs for both PPA and PPR as well as privately owned high-rises, provided they put forward the balance of 10%. — filepicKUALA Lumpur City Hall (DBKL) has offered to sponsor 90% of the repair costs of problematic residential high-rises, both...
MELBOURNE’s vital mixed-use development gains endorsement
PETALING JAYA - Melbourne’s largest skyscraper project, the sixskyscraper Melbourne Square, is moving ahead, with stage one of the mixed use project receiving planning endorsement by the Victorian Government’s Department of Environment, Water and Planning.Developed by OSK Property, which is the...
Two jobs, one house
By LEE YAN LI lylee@thestar.com.myDoes working harder help in property buying?Young attractive couple in love happy together planning and pointing blueprints, floor plan and design of new house, home, flat or apartment imaging the distribution of the rooms in real state conceptWHAT does a second...
MRCB working towards lowering debt level
BY INTAN FARHANA ZAINULChief operating officer Kwan Joon Hoe said the firm was working on reducing its gearing level to 0.5 times from 1.2 times currently.LONDON: Malaysian Resources Corp Bhd (MRCB) continues to focus on lowering its debt level, which include spinning off its assets through direct...