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LGB Properties (M) Sdn Bhd, a subsidiary of LGB Group, is planning a mixed-use development on a parcel in Virginia Park, Section 13 here that is currently occupied by British American Tobacco (M) Bhd’s (BAT) factory, said LGB Group director Lim Chin Sean.

Eco World Development Group Bhd (EcoWorld) today entered into a joint venture (JV) with Cascara Sdn Bhd to develop Eco Ardence, a freehold 533.92-acre luxury township with an estimated gross development value (GDV) of RM8.58 billion, next to Setia Alam.

As the global economic outlook turns gloomier, economists opine that Bank Negara Malaysia (BNM) may have to opt for an interest rate cut to stimulate domestic growth.

The third and final phase of Avanti Residences in Saujana Permai U17, Shah Alam, by property developer Johawaki Development Sdn Bhd is 55% sold since its launch on 7 May, marketing manager Ku Reza Ku Abd Rahman told TheEdgeProperty.com.

Kuala Lumpur has a new face in the global luxury retail market. Its latest icon is the Shoppes at Four Seasons Place. It is the retail showcase of the contemporary new iconic development, known as the Four Seasons Place Kuala Lumpur.

Hyundai Rotem Co., South Korea’s leading train maker, has won a RM985.6 million (US$242 million or 287.6 billion won) contract to supply unmanned electric trains to Malaysia after it beat German, Czech Republic and Chinese rivals.

UPDATE: About 60 prospective buyers of Setia EcoHill 2's first phase, Springfield Residences, waited at the township's sales gallery since 6am to book their units said S P Setia Bhd, deputy general manager, Koh Sooi Meng.

S P Setia Bhd is all set to unveil a new township in Semenyih called Setia EcoHill 2 on 25 June 2016. The 1,010-acre freehold development is expected to attract house buyers with its lush greenery, connectivity and practicality.

Property heavyweight Sunway Bhd yesterday unveiled its latest condominium development called Sunway Mont Residences in Mont Kiara.

IJM Land Bhd will be unveiling its first commercial development in Pantai Sentral Park in Bukit Kerinchi, Kuala Lumpur, which carries a gross development value (GDV) of RM500 million by the end of this year, said IJM Land Bhd central region senior general manager Hoo Kim See.

Binastra Land Sdn Bhd (BLSB) signed an agreement today with AccorHotels to manage and operate a 4-star hotel in BLSB 's much anticipated mixed-used development at Jalan Sungai Besi, to be launched at the end of the year.

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