Idea House expected to use GE tech, says Sime Sime Darby Property Bhd, the property arm of Sime Darby Bhd, is expected to sign a partnership agreement with General Electric Co within the next two to three weeks to deploy its sustainable products and technology for the Idea House project in Shah Alam, Selangor.
Takaful Ikhlas to build up property role Takaful Ikhlas Sdn Bhd, a wholly-owned subsidiary of MNRB Holdings Bhd, wants property to account for at least a fifth of its investment portfolio for the year ending March 31 2011.
Asian Finance Bank fund eyes SE Asia property The bank plans to invest a US$500 million fund in some undervalued properties in Kuala Lumpur and the Asean region, says its vice president for asset management
Sime Darby Property mulls RM2b property trust Sime Darby Property Bhd (4197), the property arm of Sime Darby Bhd, is building its investment portfolio as it mulls setting up a property trust with assets worth more than RM2 billion, in two to three years.
IOI Properties upbeat, plans new launches Property developer IOI Properties Bhd expects sales to grow by 30 per cent for its current fiscal year ending June 30 2010, driven by the launch of two phases of its "16 Sierra" residential development.
Naza plans 5 new hotels in KL The Naza group plans to invest some RM780 million to open five new hotels in Kuala Lumpur over the next two to six years.
Property sector likely to rebound next year Malaysia's property sector is expected to rebound next year after experiencing a drop in the last two years due to the global economic crisis.
