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A combination of mounting bond obligations and a possible change at the helm in Selangor have paved the way for the state and federal governments to hammer out a deal that Mentri Besar Tan Sri Abdul Khalid Ibrahim believes will force the water concessionaires to come to the table.
SHAH ALAM: Selangor State Development Corp (PKNS) is looking forward to build a 65-storey tower that is slated to be the tallest building in Petaling Jaya with a gross development value of RM800mil in the much-talked about RM3bil PJ Sentral development.
KUALA LUMPUR: Kuala Lumpur City Hall (DBKL) has chosen a new company over Ivory Properties Group Bhd to revive the Plaza Rakyat project because the city hall was offered a more attractive deal for the abandoned project.
NEW YORK: Rupert Murdoch's News Corp will buy Move Inc, the owner of property websites such as realtor.com, for about US$950 million to expand its digital marketing business as advertising revenue from its print business dwindles.
RHB Research said it viewed Axis Real Estate Investment Trust’s (Axis-REIT) proposed acquisition of an industrial asset in the Southern Industrial and Logistics Clusters (SiLC) industrial area, Johor, positively as it might help to further drive its earnings growth.