KUALA LUMPUR (July 26): Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor. In a bourse filing on Friday, the construction company said the contract to build the houses in Bandar Tasik Puteri was awarded to its subsidiary Kitacon Sdn Bhd by Rawang…
Read MoreKUALA LUMPUR (July 26): Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub. Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology & Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia….
Read MoreSeri Pajam Development chief executive officer Thomas Ten Wee Seong (third from right) taking a photo with (from left) Seri Pajam Development director Ten Fui Jean, Negeri Sembilan State Executive Council member Teo Kok Seong, Selangor Chief Minister Datuk Seri Amirudin Shari, Selangor State Executive Council member Ng Sze Han and Selangor State Secretary Datuk…
Read MoreKUALA LUMPUR (July 26): The Federal Court’s latest ruling on Friday, that the Ang Ming Lee decision should be applied prospectively, is fair and balanced, said senior lawyer Leonard Yeoh, who is familiar with matters related to housing and developers. Yeoh said the decision ensures that nobody takes advantage of the law to the detriment…
Read MoreKUALA LUMPUR (July 26): On Nov 26, 2019, the Federal Court, which is Malaysia’s apex court, delivered a judgement to declare Regulation 11(3) of the Housing Development (Control and Licensing) Regulations 1989 as void in Ang Ming Lee & Ors vs Menteri Kesejahteraan Bandar, Perumahan dan Kerajaan Tempatan & Anor and other appeals (AML). The…
Read MoreKUALA LUMPUR (July 26): The Real Estate and Housing Developers’ Association (REHDA) Malaysia welcomed the Federal Court’s ruling on the cases involving Prema Bonanza Sdn Bhd and Sri Damansara Sdn Bhd on Friday, which removed the uncertainties in the determination of the delivery period of properties. A press statement issued by REHDA Malaysia president Datuk…
Read MoreKUALA LUMPUR (July 26): Prime Minister Datuk Seri Anwar Ibrahim (pictured) wants the Kuala Lumpur City Hall (DBKL) to give attention and priority to the redevelopment of the Dato Keramat Market which is in a dilapidated condition. He said an instruction has also been given to Titiwangsa Member of Parliament Datuk Seri Johari Abdul Ghani,…
Read MoreKUALA LUMPUR (July 25): KIP Real Estate Investment Trust (KL:KIPREIT) said on Thursday its net property income surged 62.8% in the final quarter of 2024 earlier, thanks to strong gain of retail properties in the northern and central regions. Net property income totalled RM26.43 million for the three months ended June 30, 2024 (4QFY2024) compared…
Read MoreKUALA LUMPUR (July 25): UOA REIT (KL:UOAREIT), a trust which mainly manages commercial properties, saw its net rental income fall 22.06% to RM16.48 million in its second quarter ended June 30, 2024 (2QFY2024), from RM21.15 million a year ago, dragged by higher property operating expenses. Its property operating expenses stood at RM11.11 million in 2QFY2024,…
Read MoreKUALA LUMPUR (July 25): IGB Commercial Real Estate Investment Trust’s (KL:IGBCR) (IGB Commercial REIT) net property income (NPI) rose 10.8% to RM34.45 million in the second quarter ended June 30, 2024 (2QFY2024) from RM31.11 million a year earlier, on higher rental income in the current quarter. It also saw net profit for the quarter increase…
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