Property News Archives

Property News

Housing Ministry committed to efficiently implementing housing industry policies — Nga

Aug 16, 2024

KUALA LUMPUR (Aug 16): The Housing and Local Government Ministry (KPKT) will remain committed to efficiently implementing housing industry-related policies, to streamline business operations and attract more investments in relevant sectors, said its Minister Nga Kor Ming. (pictured) Citing Bank Negara Malaysia’s statement on Friday that household loan demand remains forthcoming, particularly for mortgages, Nga…
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Mah Sing celebrates opening of M Azura Sales Gallery in Setapak

Aug 15, 2024

(from left) Jane, Yuet Mei, Ng, Hoy Kum, Voon, Yeoh, Rachel and Teong posing with the lion dancers at the sales gallery. KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) has officiated the M Azura sales gallery opening just eight months after acquiring the land. Situated on a prime four-acre site with an estimated gross…
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Anwar wants speedy approval of development projects for Malaysia to attract investors

Aug 15, 2024

KUALA LUMPUR (Aug 15): Prime Minister Datuk Seri Anwar Ibrahim on Thursday called for speedy approvals of development projects by the federal and state governments as well as local authorities, without compromising on regulations, to make Malaysia attractive to investors in the region. He emphasised that though the country recorded positive economic growth and had…
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Titijaya inks MOU with Bank Islam to assist homebuyers, unveils 264 @ Seiring in Damaisuria development

Aug 15, 2024

Titijaya inks MOU with Bank Islam to assist homebuyers, unveils 264 @ Seiring in Damaisuria development With a gross development value (GDV) of RM71 million, 264 @ Seiring will have a total of 264 units measuring 550 sq ft and have a selling price of RM270,000. The project achieved an 85% take-up rate following the…
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LBS Bina’s unit sued for alleged unsettled sum

Aug 14, 2024

KUALA LUMPUR (Aug 13): LBS Bina Group Berhad (KL:LBS) announced that its wholly-owned subsidiary, Gerbang Mekar Sdn Bhd (GMSB) has received and filed a memorandum of appearance at the Kuala Lumpur High Court in respect to a writ and statement of claim amounting to RM43.03 million. According to its bourse filing, the claim was filed…
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Gamuda Land showcases Samsung Malaysia’s Bespoke AI Home at The Camellia show unit; The Camellia Phase 1 is 90% sold

Aug 14, 2024

KUALA LUMPUR (Aug 14): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has started showcasing Samsung Malaysia’s Bespoke AI Home at The Camellia show unit in Gamuda Cove, Kuala Langat, according to a press statement on Tuesday (Aug 13). In the statement, Gamuda Land chief executive officer (CEO) Chu Wai Lune said: “We are…
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Woman held in land lot sale fraud probe

Aug 14, 2024

Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf: “The victim was informed by the suspect in the application process that the land would be divided into 92 individual lots. However, after the payment was made, no development was carried out on the land, including (no) division of lots.” KUALA LUMPUR…
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Malaysia to acquire trains through US$2.4 billion leasing deal with China

Aug 14, 2024

KUALA LUMPUR (Aug 14): Malaysia plans to pursue a US$2.4 billion deal to acquire new passenger trains for state rail company Keretapi Tanah Melayu Bhd (KTMB) via a leasing agreement with China, the transport minister said on Wednesday. In the first phase from 2024 to 2027, the government aims to acquire 62 new passenger train…
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Solarvest, NCT kick-start first phase of solar-ready industrial park

Aug 14, 2024

KUALA LUMPUR (Aug 14): Solarvest Holdings Bhd (KL:SLVEST) and NCT Group of Companies have commenced phase one of their solar-ready industrial park project at the NCT Smart Industrial Park (NSIP) in Sepang. Phase one of the development project will consist of over 270 factories, and it will be the first solar-ready industrial park in the…
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Encorp suspends group CEO to facilitate internal probe after MACC allegations

Aug 13, 2024

KUALA LUMPUR (Aug 13): Encorp Bhd (KL:ENCORP), in which Felda Investment Corp Sdn Bhd (FIC) owns 67.13%, has suspended group chief executive officer (GCEO) Hazurin Harun with immediate effect. This suspension is to facilitate an internal investigation process “relating to allegations made involving Malaysian Anti-Corruption Commission, resulting in the powers, authorities and functions vested in him…
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