PETALING JAYA: Property developers are absorbing part of the higher construction costs as they seek to keep selling prices within buyers’ affordability levels, with 90% of respondents to the Real Estate and Housing Developers’ Association Malaysia (Rehda) Property Industry Survey 1H 2026 reporting an average 13% increase in construction costs between March and June. Rehda…
Read MorePETALING JAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) has proposed six measures under Budget 2027, including a special Home Ownership Campaign (HOC) for unsold completed homes and expanded government-backed financing to help address affordability and housing demand. President Datuk Zaini Yusoff said the proposals were aimed at addressing both the immediate issue…
Read MorePETALING JAYA: The return of the Bumiputera equity requirement for qualifying property disposals by government-linked companies (GLCs) and government-linked investment companies (GLICs) to 30% from 50% is more palatable to developers, said Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Zaini Yusoff. He said the higher threshold had created difficulties for some GLCs…
Read MoreSUBANG JAYA: Domestic construction costs are expected to continue rising and will likely put pressure on property developers to improve efficiency and protect margins. Land & General Bhd managing director Low Gay Teck said that, in terms of selling prices, developers need to be more efficient to maintain their margins. “Efficiency comes into play. Over…
Read More(from left) Nithiyananthan, Hii, Ling, Foong, Kwan and Chuah commemorate the topping-out of Harvard Suites @ edusentral in Setia Alam. PETALING JAYA: HCK Capital Group Bhd (HCK) celebrated the topping-out ceremony of Harvard Suites @ edusentral, marking the completion of the building’s main structural works and delivering the final phase of its Education City development…
Read MoreThe 18-month initiative will boost company operations through its unified management approach. PETALING JAYA: Tropicana Corporation Bhd has begun implementing the Tropicana Integrated Management System (TIMS), an 18-month company-wide initiative aimed at streamlining processes, strengthening governance and improving organisational performance. Running until the end of 2027, TIMS brings together the group’s key business functions and…
Read More(from left) Chu, Adib, Che, Ling, Loh, Chong and Zulqaisar at the topping-out ceremony of Riana Trees Residences. KUALA LUMPUR: IJM Land Bhd and Amona Group celebrated the topping-out ceremony of Riana Trees Residences located in Pantai Sentral Park, achieving a 90% sales take-up. This milestone marks the residential development’s maximum height of 32 storeys,…
Read MoreAircraft hangars rely on smooth floors to prevent operational disruption and millions in costs. Picture courtesy of Nippon Paint Malaysia. KUALA LUMPUR: Industrial flooring failures are affecting more than maintenance costs, with 62.8% of Malaysian businesses surveyed reporting operational disruption from flooring issues, according to a Nippon Paint Malaysia survey. The Industrial Flooring Performance and…
Read MoreMah Sing management team, consultants, contractors and project team at M Minori celebrating the development’s top-out and achievement of two million man-hours without Lost Time Injury (LTI). PETALING JAYA: Mah Sing Group Bhd (Mah Sing) has recently topped out M Minori in Taman Seri Austin, Johor, marking its structural completion and setting a record of…
Read MoreKUALA LUMPUR: With Malaysia projected to become an aged society by 2030, one of the biggest gaps in the country’s housing stock, from a property and community development perspective, is its focus on the property itself rather than the township and community around it. MTT Group property and asset director Leonard Theng said that when…
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