MELAKA (Nov 25): Plans to restore the port sector as a major economic contributor to Melaka like it was in the past are realistic and implementable, said a state executive council member. State Public Works, Transport and Public Amenities Committee chairman Datuk Mohd Sofi Abdul Wahab said it was due to Melaka’s strategic position as well as the...
Read moreKUALA LUMPUR (Nov 25): China-based China Communications Construction Group (CCCG) and joint venture partner WCT Holdings Bhd has launched Core Residence @ TRX in Kuala Lumpur today. Being developed under joint venture company Core Precious Development Sdn Bhd, the project is CCCG’s first property development in Malaysia. Located on a 1.65-plot at the Tun Razak...
Read moreThe oversupply situation in the property market in Malaysia is reflected in the foreclosure market. There has been a significant increase in the number of properties being put up for auction in the first three quarters of the year — a sign that the property owners are losing their holding power. According to AuctionGuru.com.my’s 9M2019...
Read moreISKANDAR PUTERI (Nov 21): The two incentives announced by the Johor government in its 2020 Budget to curb the glut in the property market cannot be seen as signals to developers to continue building luxury homes in the state. Instead, the move taken by the state government is in line with the federal government’s action by adding stringent...
Read moreKUALA LUMPUR (Nov 21): Sime Darby Property’s first 100%-owned retail mall is scheduled to be opened in March 2020. The KL East Mall located at the 160-acre integrated KL East development in Taman Melati, Kuala Lumpur has a gross built-up of about 1.2 million sq ft and a net lettable area of 384,210 sq ft. Sime...
Read moreKUALA LUMPUR (Nov 21): A focus group meeting will be held on Monday (Nov 25) between the Ministry of Housing and Local Government (KPKT) and industry stakeholders including the Malaysian Institute of Property & Facility Managers (MIPFM), the National House Buyers Association (HBA) and representatives from management bodies of strata property to come up with...
Read moreBUYERS from Hong Kong could snap up as many as 10,000 units of properties in Malaysia as antigovernment protests have brought China’s special administrative region into a gridlock and rioting which has turned violent in recent weeks. Police had fired rubber bullets at rioters who had used petrol bombs and other homemade weapons. The over...
Read morePETALING JAYA: Gamuda Land had struck a new deal with Maybank Islamic to enhance GL HOME, a homeownership campaign that was launched in October last year. The homeownership campaign is aimed at offering one-stop tailored solutions to assist purchasers in navigating through their various financing options to purchase their dream property. With the addition of...
Read moreLABUAN, Oct 25 — The world’s second largest bank, China Construction Bank (CCB), is fully prepared to finance the much-talked about Labuan-Menumbok bridge due its sound financial position. CCB, which today officially opened its branch in Malaysia’s international financial centre of Labuan, has the financial capabilities and expertise in making sure the project financially funded...
Read moreKUCHING (Nov 19): Sarawak is planning to launch a pilot project to turn Miri into a Smart City model for the state. Chief Minister Datuk Patinggi Abang Johari Tun Openg said the proposal is in the discussion and refinement stage. “We will use Miri as a model first, at the moment Miri will be equipped with a smart collection of...
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