Najib to give statement on RM2.6bil political donation
Prime Minister Datuk Seri Najib Razak has promised to give his statement to the Malaysian Anti-Corruption Commission (MACC) “as soon as possible” over the RM2.6 billion political donation in his personal bank accounts. “It is my intention to extend my full cooperation in this investigation given the allegations and slander that have surfaced,” he wrote on his Facebook page, and said that he hoped the investigations could be completed soon. His statement followed that of the agency’s, which said that it was waiting for the prime minister to fix a date to record his statement. (The Malaysian Insider)

1MDB gets two final bids for Bandar Malaysia
1MDB Real Estate Sdn Bhd has received two final bids from development partners for the proposed sale of 60% stakes in Bandar Malaysia Sdn Bhd. It is currently seeking clarification and undertaking analysis of the two bids, which its advisor CH Williams Talhar and Wong (WTW) says fully reflects its expectations in terms of land valuation, payment terms and certainty of transaction. In a statement yesterday, WTW said that a development partner would be selected and a definitive agreement executed by year-end. (The Edge Markets)

TH Properties launches maiden Aussie development
TH Properties Sdn Bhd, the property arm of pilgrimage fund Lembaga Tabung Haji, has launched its first Australian development, the Bay Pavilions with a gross sale value of A$220 million. It is TH Properties’ first overseas venture, and the first of four slated projects located in New South Wales, with a total combined GDV of A$800 million. The Bay Pavilions development is a joint venture project with Australia-based Piety Group. The luxury residential is located at North Shore, Sydney and comprises 273 apartment units across five blocks. As of launch day, all units have already been taken up. (New Straits Times Online)

Phase 1 of Battersea project to be completed by Oct 2016
Malaysian consortium Battersea Power Station Development Company (BPSDC) is optimistic that the first phase of its seven-phase, £8bil (RM60bil) Battersea Power Station redevelopment project in London will be completed by October next year. Phase one is currently 70% completed, and the entire project is expected to be completed in 2026. The Battersea project involves the redevelopment of 15.78ha of the Battersea Power Station in London by the consortium comprising SP Setia, Sime Darby Bhd and the Employees Provident Fund. (The Star Online)

Ahmad Zaki, Getrahome to develop residential units in Kwasa Damansara
Ahmad Zaki Resources Bhd and Getrahome Sdn Bhd have been appointed by Kwasa Damansara master developer, Kwasa Land Sdn Bhd, to build residential units in the project. The two were selected out of 21 pre-qualified bumiputera developers. Ahmad Zaki Sdn Bhd bagged the RM257 million R3-4 project, which comprises 188 units of condominiums and 26 units of garden villas on 3.91 acres. Getrahome was awarded the R3-3 project, which will have 260 residential units on 6.52 acres of leasehold land with a GDV of RM215 million. (The Edge Markets)

WCT bags RM315.6mil Rapid job from Petronas
WCT Holdings Bhd has been awarded a RM315.6 million contract from Petronas for works in Refinery and Petrochemical Integrated Development (Rapid) in Pengerang Johor, in addition to another contract that was awarded on July 22. The contract lists three main scope of works for utilities, interconnecting and offsite facilities, engineering, procurement, construction and commissioning of substations, field auxiliary rooms, operator shelter building and local control building. It is expected to be completed in 33 months from the effective date, and will contribute positively to WCT’s future earnings and net assets. (The Star Online)

Selangor Dredging associate sells London building for RM86mil
Chedstone Investment Holdings Pte Ltd, which is 50% owned by Selangor Dredging Bhd’s (SDB) unit SDB International Sdn Bhd, is selling a four-storey building in London for £13mil (RM86.1mil). The building at 94 Kensington High St is currently rented to HSBC for £410,000 (RM2.72mil) per annum, with a lease expiring on Feb 20, 2020. The freehold property was sold based on the fair value of £11mil (RM72.9mil) as valued by Knight Frank. (The Star Online)