News by M

In a filing with Bursa Malaysia, EcoWorld said the extension was pursuant to the expiry of the six-month period — from the letter of award (LoA) — to obtain the planning permission (planning permission period) and its shareholder’s approval (shareholder approval period) at an extraordinary general meeting, pursuant to the proposed Eco Marina Development on Sept 26.

Bandar Kinrara once comprised primarily of low-to-medium cost terrace houses and flats, but newer developments are increasingly upmarket. 

1MDB said potential purchasers were invited to register their interest with Savills (M) Sdn Bhd, which is advising 1MDB on the exercise.

Acknowledging the soft property market, Asian Pac's managing director Datuk Mustapha Buang said the company is looking to launch its condominium project Damansara 8 @ Damansara Damai, a mixed-development project in Kepong and 30 units of shop offices in Phase 2 of Dataran Larkin in Johor, in financial year 2016 ending March 31, 2016 (FY16).

Glomac’s 1QFY15 CNI grew 1% year-on-year (y-o-y) to RM21.1 million. Despite the flattish growth in 1QFY16, we anticipate stronger earnings growth in subsequent quarters due to a high contribution expected from Saujana KLIA, which still has unbilled sales of RM240 million.

The property is strategically located in Jalan Kewajipan, within the thriving locality of USJ 1, Subang Jaya, and broadly sandwiched between two major highways, namely the Shah Alam Expressway to its north and the Damansara–Puchong Expressway to its south.

Bandar Kinrara enjoys direct access to Kuala Lumpur City via Jalan Klang Lama, and is strategically located between the two growing neighbourhoods of Bukit Jalil and Puchong.

Eco World said it achieved RM1.02 billion sales in 3QFY15; RM673 million came from projects in the Klang Valley and RM311 million was contributed by projects in Iskandar Malaysia.

Dewan Negara president Tan Sri Abu Zahar Ujang made the proposal at the 7th 'Fikrah Ummah' discourse on the role of Parliament in preserving the interests of the Malays through Federal Constitution at Menara Dewan Bahasa dan Pustaka (DBP) here yesterday.

EcoWorld said the group's revenue and gross profit continued to grow at a steady rate since its acquisition of the development rights to eight projects pursuant to the corporate exercise announced on April 25, 2014 became unconditional on Jan 8, 2015.