KUALA LUMPUR (July 17): Pavilion Real Estate Investment Trust’s (KL:PAVREIT) net property income (NPI) increased 18.8% year-on-year in the second quarter ended June 30 (2QFY2024) to RM120.3 million against RM101 million a year ago. The REIT’s NPI for the three-month period increased to RM120 million compared with RM101 million in the same period last year….
Read MoreKUALA LUMPUR (July 17): Econpile Holdings Bhd (KL:ECONBHD) said Retirement Fund Inc (KWAP) has ceased to be a substantial shareholder in the piling and foundation specialist. KWAP’s stake in Econpile dropped to below the 5% threshold necessary to be deemed a substantial shareholder after it sold 2.31 million shares on Tuesday, according to Econpile’s exchange…
Read MoreKUALA LUMPUR (July 18): One of the main challenges to timely registrations of strata titles is unresolved issues regarding land use categorisation on the developers’ part. This was pointed out by Department of the Director General of Federal Lands and Mines (JKPTG), Strata and Stratum Titles Division director Danial Lee Abdullah during the panel discussion…
Read MoreKUALA LUMPUR (July 18): The Malaysian Halal Council is coordinating efforts with the state governments and agencies to identify abandoned land for use to expand the country’s production of halal products, said Deputy Prime Minister Dr Ahmad Zahid Hamidi. (pictured) He said the move was part of an effort to ensure that the halal industry…
Read MoreSpanning 32.24 acres, the RM154 million Nova features 162 homes of which 64 are semi-detached houses, five are bungalows and the remaining four are bungalow lots. The semi-detached houses have a built-up of 3,370 sq ft with total land areas ranging from 3,601 to 7,580 sq ft. Prices for the semi-detached units start from RM1.97…
Read MoreKUALA LUMPUR (July 18): A total of RM162 billion in digital investments were approved between 2021 and the first quarter of 2024 (1Q2024), with the largest share or 76% coming from data centre investments, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. (pictured) Data centre investments accounted for the lion’s…
Read MoreKUALA LUMPUR (July 17): Malaysia is committed to achieving the United Nations Sustainable Development Goals (SDGs) and prioritising the well-being of its citizens, said Housing and Local Government Minister Nga Kor Ming. (pictured) Nga, in delivering the National Statement at the High-Level Political Forum in conjunction with the United Nations General Assembly (UN) in New…
Read MoreKUALA LUMPUR (July 16): The Kuala Lumpur International Airport (KLIA) aerotrain is expected to resume operations by the first quarter of 2025, according to Transport Minister Anthony Loke. (pictured) In a written parliamentary response to Mohd Nazri Abu Hassan (Perikatan Nasional-Merbok), Loke said the Aerotrain Replacement Project at KLIA is slated for completion by Jan…
Read MoreKUALA LUMPUR (July 16): Real Estate and Housing Developers’ Association Malaysia (REHDA) has called for building industry players to be excluded from paying the levy imposed by the Human Resource Development Corp (HRD Corp). The request came following concerns over HRD Corp, which has been in the spotlight after a slew of issues was flagged…
Read MoreThis marks the second time SkyWorld has been recognised at these esteemed awards. In 2020, Ascenda Residences was named as one of the winners of EdgeProp Malaysia’s Best Managed Property Awards in the Below 10 Years – Multiple-Owned Strata Residential Category. KUALA LUMPUR (July 17): SkyWorld Development Bhd scored another win with its SkyMeridien Residences…
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