Loss-making Advancecon diversifies into property business
Advancecon said it has initiated several strategic initiatives, including forming public-private partnerships and collaborating with state development agencies.
Sime Darby Property aims to raise Battersea Phase 3B occupancy rate to 50%-80%
Sime Darby Property Bhd (KL:SIMEPROP) expects a higher occupancy rate for Phase 3B of Battersea Power Station in the UK at between 50% and 80% by next year, from 20% currently.
Sime Darby Property has 'aggressive' plan for data centre development, says MD
Sime Darby Property Bhd (KL:SIMEPROP) said on Friday that it is pursuing an "aggressive plan" for data centre development.
Govt mulls escrow account to ringfence homebuyers’ payments
The Housing and Local Government Ministry (KPKT) said it is planning the setting up of escrow accounts for housing projects, in order to ensure payments by homebuyers are used exclusively for housing projects that they have bought.
LEAP Market-listed Sunmow’s JV bags RM1b road construction contract
The contract for the Package 4B spans Bukit Pagon to Long Luping under the second phase of the Sarawak-Sabah Link Road project.
Paragon Globe to undertake RM1.5b GDV serviced apartment project in JB
Johor-based property developer Paragon Globe Bhd (KL:PGLOBE) said it has entered into a deal to undertake its first serviced apartment project in Johor Bahru, with an estimated gross development value (GDV) of RM1.49 billion.
Maybank IB: Proposed Carey Island port city development to benefit SD Guthrie, with land estimated to be worth RM7.1b
The proposed development of a port city on Carey Island could significantly boost the land value of SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, over time to the tune of RM7.1 billion, according to Maybank Investment Bank (Maybank IB).
Intraday short-selling of WCT suspended as shares hit one-month low
Shares of construction and property group WCT Holdings Bhd (KL:WCT) plunged to their lowest in one month, after the stock exchange suspended intraday short-selling activities of the stock on Monday morning.
External auditor again casts doubts over Avillion’s ability to continue as a going concern
Avillion Bhd’s (KL:AVI) external auditor has flagged material uncertainty that would affect the hotel-and-travel company’s ability to continue as a going concern.
US data centre firm Equinix invests RM23m to expand capacity in Malaysia
US data centre company Equinix Inc announced on Monday, a RM23 million investment to acquire land in Cyberjaya, Selangor, to expand its data centre capacity.
