News by Yimie Yong

PRG said its wholly-owned subsidiary, Premier Gesture Sdn Bhd, signed the development JV agreement with Baycity for the project on a leasehold 2.6ha (6.48 acre) tract. Baycity owns the land.

PRG managing director Datuk Lua Choon Hann said the company's plans were still at preliminary stage.

Ekovest managing director Datuk Seri Lim Keng Cheng, however, said there is no specific timeline for the REIT to be realised and will wait for a good time.

“Malaysia’s property market is still resilient. TTDI Segaris’ highly successful launch is a testament of the market’s healthy appetite for properties in well-established neighbourhoods,” said Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin.

The development will comprise 336 residential units with a retail podium space.

Property developer Eastern & Oriental Bhd (E&O) said Brexit will not negatively impact the total net realisable value of the group’s properties in the United Kingdom.

Property developer LBS Bina Group Bhd plans to launch more landed properties next year.

For its Park Hill Residence and 1Malaysia Civil Servants Housing (PPA1M) projects in Bukit Jalil.

Sime Darby Property said Subang Jaya’s story began in 1976, when Sime UEP Properties Bhd started developing 583ha of land there.

LBS Bina achieved total sales of RM1.029 billion last year, up 60% from 2014. This year, it is looking to launch RM1.95 billion worth of properties, a mix of high-rise and landed residential and commercial developments, mainly in its township, Bandar Saujana Putra, and the Klang Valley.