The developer said that with a total gross development value of RM1.6 billion, Wyndham Ion Majestic Hotel’s first phase is slated for a soft opening in the second quarter of this year.

The Malaysian tycoon first bought 98,700 shares on March 4, and on March 14, he bought another 2,100 shares.

It disclosed via a bourse filing the names of the companies that awarded the jobs, its recipient units, the tenures of the contracts, as well as the dates on which the deals were secured. 

“The project is ongoing right now, the contract has been renegotiated and it has been settled."

This presents a “positive counterweight narrative to Malaysia’s comparatively low interest rates” when compared to median interest rates of 9.25% in the Americas, 5.25% in Europe, the Middle East and Africa, and 3.5% in the Asia Pacific.

Eversendai Corp Bhd, which announced last week that it had secured four new projects worth an aggregate RM5.4 billion, said it is unable to provide a value breakdown of the projects due to non-disclosure agreements (NDAs).

SkyWorld Development Bhd and RHB Banking Group have embarked on a strategic collaboration to promote green-certified homeownership for purchasers of The Vesta Residences and Curvo Residences.

The Malaysian Institute of Architects (PAM) has expressed its support towards the Ministry of Housing and Local Government’s initiative to introduce the Urban Redevelopment Act.

UEM Sunrise Bhd recently embarked on a strategic partnership with Intermedika Co Ltd “to elevate a variety of its property developments by incorporating… innovative lifestyle elements, which primarily enhances… residential and commercial business models”, stated the company in a media release.

Fajarbaru Builder Group Bhd has been awarded a minor works contract worth RM11.04 million for the partial delivery phase (early works) of redeveloping military facilities at the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang.