News by Syahirah Syed Jaafar

It plans to adopt a cautious approach in the coming months as it expects a challenging market for the property development segment.

"The contract sum includes a contingency or provisional sum of RM400 million, which, if not utilised, will reduce the contract sum."

“I know nothing about it at all and I’ve left the bank for up to three years now. It’s not during my time.”

The development will comprise commercial lots and residential units, including affordable homes, and is expected to be launched in the fourth quarter of next year, with completion within four years, Sunway said in a statement today.

The group has undeveloped landbank of 466 acres across key regions, with an estimated gross development value of RM5.3 billion.

In the filing with Bursa Malaysia yesterday, WCT said the two parties have executed a supplemental lease agreement to further renew the lease period for another six years commencing Nov 24, 2017.

Tobacco firms have been in a limbo since the SST came into play

Mah Sing has been developing affordably priced homes since 2015 — CEO

Under the MoU, TH Mestika will be responsible for the planning and designing of the project as well as providing machinery and equipment for construction works, while Xian Leng will provide resources and services for construction works.

This is to enhance its property developer profile by participating in more profitable projects.