News by Gho Chee Yuan

MKH Bhd is teaming up with PR1MA Corp Malaysia to jointly develop a piece of freehold land measuring 33,280 square metres (8.22 acres) in Kajang into a mixed project with a gross development value (GDV) of RM464 million.

Landmarks said Wee has been managing companies involved in the development of commercial projects as well as numbers forecast operations in Sarawak since the early 1980s.

Going forward, GuocoLand expects the property market outlook and sentiment to remain cautious amid an uncertain economic environment.

The property developer told the local bourse yesterday that it was in collaboration with EPF to jointly develop a piece of 2,198.4-acre (890ha) leasehold land in the northwestern Klang Valley corridor in Kuala Selangor, into a mixed project worth an estimate of RM15 billion.

Commenting on SP Setia's performance, its president and chief executive officer Datuk Khor Chap Jen said the group is satisfied with the performance recorded during the quarter as it shows that the strategies SP Setia has adopted were effective.

"The company is also keen on participating in Light Rail Transit 3 and High Speed Rail projects. We deem our RM300 million to RM500 million annual orderbook replenishment assumption to be prudent,"

According to Mass Rapid Transit Corp Sdn Bhd's press release on Wednesday, it had awarded two new MRT 2 packages worth RM1.6 billion in total awarded to two contractors.

The property arm of IOI Corp Bhd, controlled by tycoon Tan Sri Lee Shin Cheng, sold RM2.21 billion worth of properties in FY16.

IOI Properties said it, via its wholly-owned subsidiary Wealthy Link Pte Ltd, had submitted the bid for a 1.09ha piece of leasehold land in Central Boulevard to the republic’s Urban Redevelopment Authority.