KUALA LUMPUR (Dec 19): Majuperak Holdings Bhd is disposing of 2.01 acres of land in Ipoh to a wholly-owned unit of the Perak State Agriculture Development Corporation (PPPNP) for RM18.4 million as part of its business regularization plan. Majuperak, a 51.41%-owned subsidiary of the Perak State Development Corp, said its wholly-owned subsidiary, Syarikat Majuperak Bhd,...
Read moreThis article first appeared in The Edge Malaysia Weekly on December 11, 2023 – December 17, 2023 IOI Properties Bhd signed a sale and purchase agreement last week to buy W Kuala Lumpur from Tropicana Corp Bhd for RM270 million. However, the two companies have yet to end talks as two more assets have been...
Read moreKUALA LUMPUR (Dec 15): SkyWorld Development Bhd is collaborating with Universiti Malaya (UM) through a memorandum of agreement (MOA) to develop an Application Programming Interface (API) that will revolutionise the data integration ecosystem within the property development sector, according to a press statement issued on Thursday (Dec 14). The MOA outlines a two-year (1Q2024 until 4Q2025) collaboration...
Read moreGEORGE TOWN (Nov 23): The State Legislative Assembly was on Thursday told that the implementation of the undersea tunnel will be considered by the state government after the North Butterworth Container Terminal (NBCT) Expansion Plan has been finalised by the Penang Port Commission (SPPP) in December 2023. State Infrastructure and Transportation Committee chairman Zairil Khir Johari (pictured) said based...
Read moreKUALA LUMPUR (Oct 2): Malaysia Building Society Bhd (MBSB) has completed its acquisition of Malaysian Industrial Development Finance Bhd (MIDF) from Permodalan Nasional Bhd (PNB) for RM1.01 billion worth of new share issuance at 96.52 sen per share. MBSB told Bursa Malaysia on Monday that 1.05 billion new shares were allotted to PNB, resulting in...
Read moreJOHOR BAHRU (Sept 22): As the special economic zone (SEZ) between Johor and Singapore takes shape, along with the development of a special financial zone in Forest City, Sultan Ibrahim Almarhum Sultan Iskandar (pictured) envisions a bright future for Johor, one where the state’s presence is further established on the global stage. In sharing his vision to position Johor prominently...
Read morePETALING JAYA: In an environment where rising interest rates have led to falling demand, thereby weakening market sentiment, property and construction counters on Bursa Malaysia have done remarkably well. For instance, share prices of UEM Sunrise Bhd, Iskandar Waterfront City Bhd and Eco World Development Group Bhd have returned to pre-Covid highs. UEM Sunrise stocks...
Read moreA total of 91.5% or 1,913 affordable housing projects using the Industrialised Building System (IBS) had been developed by government-appointed developers as of last year. Works Minister Datuk Seri Alexander Nanta Linggi said the figure showed an increase in affordable housing construction projects using the technology, compared with 84% or 1,180 in 2021. “The government...
Read morePETALING JAYA: The property sector’s link to the economy is undeniable. In a thriving economy, the demand for property rises, leading to higher sales and sky-high prices. Conversely, the sector also has a real and significant impact on the economy. For instance, Malaysians purchased RM94.28 billion worth of property in 2022, according to the National...
Read moreS P Setia has unveiled a new affordable landed residential project in Setia Bayuemas, Laelia a double-storey terraced home comprising 98 freehold units of terraced homes, including a loft-style home and a conventional double-storey terrace. The project carries a gross development value of RM71.75 million and according to Razly Mohammad Rus, Divisional General Manager “Laelia...
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