Property News Archives

Property News

Boustead Properties and Universiti Malaya’s exhibition showcases innovative urban design concepts for reinvigorating Mutiara Damansara

Aug 1, 2024

KUALA LUMPUR (Aug 1): Boustead Properties Bhd collaborated with Universiti Malaya (UM) for the “Re-emerging Mutiara Damansara Central Business District Exhibition” that was held from July 25 to 27 at The Curve shopping mall in Mutiara Damansara, Petaling Jaya. The exhibition showcased innovative urban design concepts for reinvigorating the Mutiara Damansara township created by UM’s…
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UEM Group names Amran Hafiz as MD, confirming The Edge report; Hisham Hamdan is new chairman

Aug 1, 2024

KUALA LUMPUR (Aug 1): UEM Group Bhd, a wholly owned infrastructure arm of sovereign wealth fund Khazanah Nasional Bhd, has confirmed the appointment of Datuk Amran Hafiz Affifudin as its managing director (MD) effective immediately, replacing Datuk Mohd Izani Ghani who has stepped down to take the helm at airport operator Malaysia Airports Holdings Bhd…
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KPKT has revived 704 sick, abandoned housing projects as of June this year

Aug 1, 2024

Minister Nga Kor Ming: “KPKT will continue to implement improvements to reduce problematic projects and aim for zero abandoned housing projects by 2030.” KUALA LUMPUR (Aug 1): The Ministry of Housing and Local Government (KPKT) has revived 704 sick and abandoned private housing projects through the Task Force on Sick and Abandoned Private Housing Projects…
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Atrium REIT manager announces CEO’s retirement effective Aug 31

Aug 1, 2024

KUALA LUMPUR (July 31): Atrium REIT Managers Sdn Bhd has announced the retirement of its chief executive officer (CEO) Chan Kum Chong, effective Aug 31, 2024, to pursue personal interests. Atrium REIT Managers is the manager of Atrium Real Estate Investment Trust (REIT) (KL:ATRIUM). In a filing with Bursa Malaysia, Atrium REIT Managers said its…
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Balanced Federal Court verdict a triumph for the housing market

Jul 31, 2024

KUALA LUMPUR (July 30): A notable demonstration of judicial prudence and commercial acumen, the Federal Court’s recent decision in Obata-Ambak Holdings Sdn Bhd v Prema Bonanza Sdn Bhd and two other appeals (Obata) marks a significant milestone in the realm of legal adjudication. By aligning its ruling with practical business considerations, the judiciary has not…
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TCS bags RM130 mil related-party contract to build apartments in Kuala Langat

Jul 31, 2024

KUALA LUMPUR (July 30): Building and infrastructure construction company TCS Group Holdings Bhd (KL:TCS) has secured a RM130.15 million contract to undertake the construction of serviced apartments in Selangor, in a related party transaction. The 630-unit serviced apartment project, known as Arcadia Residences, is located in the Kuala Langat district, the company said in a…
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Bursa Malaysia will only shift its ‘front office’ to TRX, not entire operation, says chairman Wahid

Jul 31, 2024

Bursa Malaysia will only shift its ‘front office’ to TRX, not entire operation, says chairman Wahid Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said the front office includes the stock exchange operator’s marketing segment which will provide visibility and branding for Bursa Malaysia at TRX. Beyond that, “bulk of Bursa Malaysia’s operations will remain…
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Khazanah executive director Amran Hafiz tipped to take over as UEM Group MD

Jul 31, 2024

KUALA LUMPUR (July 31): Datuk Amran Hafiz Affifudin (pictured), executive director and head of Malaysian investments at sovereign wealth fund Khazanah Nasional Bhd, has been tipped to take over the reins of UEM Group Bhd from managing director Datuk Mohd Izani Ghani, according to sources. Amran is currently chairman of UEM, which is a wholly…
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Advancecon bags contract worth RM38.25m from Sime Darby Property

Jul 30, 2024

KUALA LUMPUR (July 30): Advancecon Holdings Bhd (KL:ADVCON) has accepted the Letter of Acceptance (LOA) from Sime Darby Property (Bukit Raja) Sdn Bhd as the contractor for the construction and completion of earthworks and ancillary works for Phase 4B (i17), Bandar Bukit Raja Stage 3, in Klang for a total of RM38.25 million. In a…
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ECRL poised to enhance ECER’s connectivity and logistics efficiency, says COO

Jul 30, 2024

KUALA LUMPUR (July 30): The East Coast Rail Link (ECRL) is poised to enhance the connectivity and logistics efficiency of the East Coast Economic Region (ECER). In a statement dated July 28, ECER chief operating officer Datuk Ragu Sampasivam said the ECRL will significantly enhance ECER’s connectivity and logistics efficiency, making it an ideal destination…
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