KUALA LUMPUR (June 25): The Task Force on Sick and Abandoned Private Housing Projects (TFST), established by the Ministry of Housing and Local Government (KPKT), has successfully resolved 663 housing projects, benefiting 78,554 buyers with a gross development value (GDV) of RM57.09 billion in less than two years. Housing and Local Government Minister Nga Kor Ming…
Read MoreBy Joseph Wong With the pandemic now behind us, Malaysia is rapidly becoming a premier choice for international students seeking higher education. This growing influx of students is set to transform the real estate industry, fueling demand for rental properties and student accommodations. In fact, trends in the size of the global student population and…
Read MoreARCHIDEX aims to bring design technology and environmental stewardship together. Archidex, Asia’s leading architecture business event, is set to take place at the Kuala Lumpur Convention Centre from July 3 to July 6. The event was organised in conjunction with the Kuala Lumpur Architecture Festival, under the Malaysian Institute of Architects (PAM), convening alongside the…
Read MoreContributed by Datuk Chang Kim Loong Over the past year, the Madani Government has made several announcements on its intention to introduce a new law that facilitates urban renewal, redevelopment, rejuvenation and regeneration of identified private properties in the urban areas of Kuala Lumpur, Johor Bharu and Penang. The recent announcement that it will proceed…
Read MoreKUALA LUMPUR (June 21): Maybank Investment Bank has maintained its “buy” rating on Gamuda Bhd (KL:GAMUDA) at RM6.44 and adjusted the company’s FY2024E earnings by -5%, FY2025E earnings by +2% and FY2026E earnings by +3%. It also raised Gamuda’s realised net asset value (RNAV) target price to RM7.25 (from RM6.85). In a note on Friday,…
Read MoreKUALA LUMPUR (June 20): Binastra Corp Bhd (KL:BNASTRA), formerly known as Comintel Corp Bhd, achieved a record high quarterly net profit of RM18.1 million, or four sen per share, for the three months ended April 30, 2024 (1QFY2025). The group posted a quarterly net profit of RM5.73 million, or 1.5 sen per share a year…
Read MoreKUALA LUMPUR (June 20): Boutique property developer Asia Quest Holdings Sdn Bhd has announced a 97% take-up for the first block (Block A) of its latest Kiaramas deDaun condominium development in Mont’Kiara, Kuala Lumpur, in a statement dated June 19. The project was soft launched on May 2. According to the developer, the units taken…
Read MoreKUALA LUMPUR (June 21): Malaysia’s journey towards becoming a regional hub for data centres is driven by a confluence of strategic factors, including economic stability and robust connectivity. These factors pave the way for the country to be highly attractive for digital-related investments, said Universiti Teknologi Malaysia Faculty of Artificial Intelligence (AI) dean and associate…
Read MoreKUALA LUMPUR (June 21): Scientex Bhd’s (KL:SCIENTX) net profit for the third quarter ended April 30, 2024 (3QFY2024) rose 18.9% year-on-year (y-o-y) to RM130.5 million, from RM109.8 million previously, driven by an 11% expansion in revenue. In a bourse filing on Friday, the packaging manufacturer cum property developer reported quarterly revenue of RM1.1 billion, up…
Read MoreKUALA LUMPUR (June 18): LBS Bina Group Bhd has exited its investment in Chinese motor circuit company Zhuhai International Circuit Ltd (ZICL) after more than a decade, as it sold its stake in Lamdeal Investments Ltd (LIL), which owns a 60% stake in ZICL, for 192.18 million yuan (RM124.74 million) cash. ZICL was formed in…
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