PETALING JAYA: Ivory Properties Group Bhd has entered into a joint development agreement (JDA) with Grand Uptown Sdn Bhd (GUSB) for the construction of a sewage treatment plant as part of a contract with the Government.The two parties will undertake the project in return for an exchanged piece of...

BY JOSEPH CHINThe bid was a reflection of the steady restoration of investor confidence in the Singapore office market KUALA LUMPUR: IOI Properties Bhd’s unit Wealthy Link Pte Ltd had put in a bid of S$2.568bil (RM7.77bil)  for a piece of land in Singapore’s downtown Marina Bay.It confirmed...

Signing ceremony between Ekovest Bhd and Employees Provident FundEkovest Berhad (Ekovest), a Bursa Malaysia Main Market listed company involved in construction, property development and infrastructure concession businesses, recently announced that its wholly-owned subsidiary, Nuzen Corporation Sdn...

BY INTAN FARHANA ZAINUL  KUALA LUMPUR: The sale of a 40% stake of Ekovest Bhd’s concession highway Duta-Hulu Kelang Expressway (DUKE) to the Employee Provident Fund (EPF) for RM1.13bil is expected to complete by first quarter of next year.Today, Ekovest has entered into a conditional share sale...

BY TOH KAR INN KUALA LUMPUR: Property development company Titijaya Land Bhd’s wholly-owned subsidiary Titijaya Resources Sdn Bhd has today signed a shareholders agreement with CREC Development (M) Sdn Bhd for the construction and development of a leasehold land at Embassy Row, Jalan...

Operations ended: Rainforest Resort & Spa has been closed since May this year. PETALING JAYA: The loss-making Jerejak Rainforest Resort & Spa (JRRS), owned by Tropical Island Resort Sdn Bhd (TIRSB) whose shareholders are UDA Holdings Bhd and the Penang government, will be redeveloped in a joint...

BY MEK ZHINMore often than not, personal financial health is a low priority for most Malaysians, says Chin.Credit reporting agency CTOS has made its consumer credit score report available via phone apps. Your ‘credit-bility’ is now in the public realm, with the agency saying this may encourage...

BY EUGENE MAHALINGAMLooking Ahead: Noor Lida and Muhamad Zaili speaking to StarBiz on I&P property projectsSHAH ALAM: I&P Group Sdn Bhd, which has purchased a tract of land in Semenyih, Selangor, intends to turn it into a mixed development project over the next two to three years.Marketing head...

HONG KONG: China Evergrande Group said it is seeking a market value of US$33.7 billion in its Shenzhen backdoor listing that will house most of its property assets, according to a document for investors seen by Reuters on Monday.The injection of assets in Shenzhen Special Economic Zone Real Estate...

Singapore: Singapore sovereign wealth fund GIC has bought a top European warehouse developer and manager for 2.4 billion euros (US$2.7 billion) in Europe’s biggest real estate transaction this year, a joint statement said on Monday.GIC, one of the world’s top 10 state investment funds, bought...