In pursuing meaningful success, one’s intentions must be good, believes Datuk Jauhari Hamidi. “Everything starts with your nawaitu (intentions),” the managing director of Sime Darby Property Bhd (SDP) tells City & Country. “If they are honest, then you’ll be all right.”

According to the Property Market Report 2015 by National Property Information Centre (Napic) released on Tuesday, there were 362,105 transactions worth RM149.9 billion recorded in 2015, indicating a decline of 5.7% in volume and 8% in value.

Eastern & Oriental Bhd (E&O) confirmed that it will terminate the proposed listing of its overseas assets due to unstable global market conditions and exchange-rate volatility. It was reported earlier that it might defer the listing due to the weak UK stock market conditions.

Property overhang units must not be confused with unsold stock. The government has defined overhang units as properties that are completed and issued with Certificates of Fitness for Occupation or Temporary Certificates of Fitness for Occupation, but remain unsold despite having been put on the market for at least nine months.

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Average prices have grown modestly across the market. The highest relative price growths were among the affordable properties, in part due to their lower capital bases. The top three performers were Indah Apartment, Medan Intan Apartment and Idaman Suria, with prices up 34.9%, 31.4% and 25.4% respectively.

Evidently, IBS has proven to reduce costs and positively impact the bottom line of construction giants such as Skanska, Hochtief and Bechtel.

Sunway Construction Group Bhd (Suncon) was awarded the RM1.2 billion Klang Valley mass rapid transit line 2 (MRT2) project on March 29 this year.

Impression Melaka is a live cinematography show that utilises the latest light and sound technologies, modern art concepts and cultural performers.

The controlling shareholders of property developer Magna Prima Bhd are understood to be looking to hive off a large stake of about 30% in the company, sources say.