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PETALING JAYA: Kumpulan Jetson Bhd, which is controlled by the two sons of Naza Group founder, the late Tan Sri SM Nasimuddin, has proposed a tie-up with China State Construction Engineering (Hong Kong) Ltd (CSC HK) to bid for a contract to build office towers to be developed by Naza TTDI Sdn Bhd.
KUALA LUMPUR: Naza Group, Malaysia's biggest luxury vehicle importer, has lined up RM6.4bil of property projects this year and is in talks for its first overseas real estate foray in China.
PETALING JAYA: The amendment to the real property gains tax (RPGT), which will be reimposed next year at 5% but now applicable only to transactions involving properties sold within five years from their purchase, is 'a perfect Christmas gift' which will lift the local property market, analysts said.
NAZA Group will call for a press conference soon to address the many questions that have arisen after the group recently signed a building-for-land deal with the Government.
ABOUT three weeks ago, Naza TTDI Sdn Bhd surprised the market when it announced it was going to build a RM628mil expo centre for the Government in exchange for 65 acres of state land in Jalan Duta, Kuala Lumpur, in the vicinity of the Malaysia External Trade Development Corp (Matrade).
KUALA LUMPUR: The Naza Group is taking proactive steps to become the franchisee for more automotive brands, said its group chief operating officer, Al-Jeffery Ibrahim.