News by M

EGH International Bhd, an interior fit-out firm, is seeking a listing on the ACE Market to raise funds for the construction of a new head office estimated to cost RM28 million.

Sunway Bhd (KL:SUNWAY) said on Thursday that its unit has proposed a sukuk wakalah programme of up to RM10 billion to fund working capital and refinancing of borrowings.

The office market in the capital city could face further pressure with the incoming supply of nearly six million square feet of new space, a property report warned.

The Johor property market is booming thanks to projects like the Rapid Transit System (RTS) Link and the Johor-Singapore Special Economic Zone (JS-SEZ), but there are risks of over-speculation beyond the areas directly benefiting from them, according to a consultant.

A comprehensive blueprint for the Johor-Singapore Special Economic Zone is expected to be unveiled by March, said newly-minted Economy Minister Akmal Nasrullah Mohd Nasir.

Padini Holdings Bhd’s (KL:PADINI) rising operating costs may ease following the government’s decision to lower the tax on rental and leasing services, a research house said.

US President Donald Trump said he plans to bar professional investors such as banks, insurers and large corporations from purchasing single-family homes, as part of an effort to make homeownership more affordable for Americans.

Property developer Oriental Interest Bhd (KL:OIB) is expanding its landbank in Selangor through a RM80.77 million cash acquisition of 68.12 acres in Bukit Raja.

Paramount Corporation Bhd (KL:PARAMON) said it is acquiring a 2.62-acre parcel of freehold land in Putrajaya for RM40 million and plans to develop a residential project with an estimated gross development value (GDV) of RM323 million on the site.

Tien Wah Press Holdings Bhd (KL:TIENWAH) said on Wednesday (Jan 7) that its joint venture with Singapore-listed Lum Chang Holdings Ltd is entering the data centre business to tap into growing demand for such infrastructure.