PETALING JAYA: Covid-19 has left property market players clueless about the supply and demand situation. The pandemic has totally disrupted market forces and distorted what should have been the norm, according to Real Estate and Housing Development Association (Rehda) acting president NK Tong. “As a result, it has made it difficult for us to decide...
Read morePUTRAJAYA: The most anticipated moment is finally here. IOI City Mall Phase 2 will be opening its doors to patrons on Aug 25. Strategically located at IOI Resort City, it enjoys a potential population catchment of 3.1 million from nearby townships in southern Klang Valley, namely, Putrajaya, Cyberjaya, Kajang, Bangi, Sepang, Puchong and Seri Kembangan....
Read moreAS the Oct 7 date for tabling the Budget 2023 in Parliament approaches, LBS Bina Group Bhd (LBS) has a wishlist that it hopes the Government will consider for the property sector. Although hailed as the year of recovery for many economies worldwide after two years of pandemic restrictions, 2022 is proving to be equally...
Read moreKUALA LUMPUR (Sept 29): Loss-making Nexgram Holdings Bhd is acquiring Wings By Croske Resort Langkawi for RM90 million, to be paid via issuance of redeemable convertible preference shares (RCPS) by its subsidiary Medic Asset Group Sdn Bhd (MAG). MAG will acquire the 218-room resort from its 80% shareholder Croske Hotels Sdn Bhd, and Flyboys Club...
Read moreHCK Capital Group Bhd (HCK) is to step in to revive the ailing Remix 1 project in USJ1 after its original developer True Renaissance Sdn Bhd which is a unit of Mammoth Empire Holding Sdn Bhd ran into financial difficulties. This move was overwhelmingly endorsed at a creditor’s meeting on Sept 29 where buyers holding...
Read moreKUALA LUMPUR (Aug 29): Sime Darby Property MIT Development Sdn Bhd (SDPMIT)’s ready-built warehouse (RBW) groundwork commencement ceremony for a 487,000 sq ft two-storey warehouse at Bandar Bukit Raja Industrial Gateway in Klang on Monday (Aug 29) was officiated by Selangor state executive councillor for investment, industry and commerce and small and medium enterprises Datuk Teng Chang Khim. The warehouse,...
Read moreBandar IOI Segamat will see a new hospital being built following the inking of an agreement between the developer, IOI Properties Group (IOIPG), and Oriental Medical Segamat (OMS) for the sale of 4.84-acre freehold land located within the township. OMS is a subsidiary of Melaka Straits Medical Centre Sdn Bhd which is majority owned by...
Read moreKUALA LUMPUR (Aug 31): UMW Group is disposing of 140 acres (56.66 hectares) of land at the UMW High Value Manufacturing Park (UMW HVM Park) in Serendah to LONGi (Kuching) Sdn Bhd for RM304.92 million. Shanghai Stock Exchange-listed LONGi is the world’s largest manufacturer of monocrystalline silicon wafers. In a statement on Wednesday (Aug 31), UMW Group...
Read moreTEMERLOH (Aug 23): The Housing and Local Government Ministry plans to build 500 units of terrace homes under the People’s Housing Project (PPR) in Jenderak, Kuala Krau, here. Its minister, Datuk Seri Reezal Merican Naina Merican (pictured) said this was to assist the B40 group to own a house and in complying with the new...
Read morePETALING JAYA: The Malaysian timber industry continued to perform well despite the Covid-19 pandemic and its associated economic fallout, with exports recording a growth of 3.1% to RM22.70bil in 2021 from RM22.02bil in the previous year, Bernama reported. The Malaysian Timber Council (MTC) said in terms of percentage of export value growth year-on-year, plywood tops...
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