KUALA LUMPUR (July 2): Malton Bhd (KL:MALTON) said it is acquiring 30.17 acres of freehold land in Genting Highlands from fellow property developer Global Oriental Bhd (KL:GOB) to build serviced apartments and luxury villas. Malton is buying the land for RM65 million, or RM49.46 per sq ft, cash, from Global Oriental’s 51%-owned subsidiary Sering Manis…
Read MoreKUALA LUMPUR (July 3): SkyWorld Development Bhd recently hosted a visit by China’s Housing and Urban-Rural Development Minister Ni Hong and his delegation to a tour of the SkyAwani 3 Residences. Also present were representatives from the Ministry of Housing and Local Government (KPKT). The visit provided the Chinese delegation with an opportunity to look…
Read MoreKUALA LUMPUR (July 2): PDZ Holdings Bhd (KL:PDZ) executive director (ED) Ho Jien Shiung has ceased to be a substantial shareholder of Trive Property Group Bhd (KL:TRIVE) after offloading 32.87 million shares. The container liner company’s ED and the largest shareholder of Fitters Diversified Bhd (KL:FITTERS) sold the block of Trive Property shares via the…
Read MoreKUALA LUMPUR (July 2): Southern Score Builders Bhd (KL:SSB8) has bagged a letter of award to serve as a turnkey contractor for the proposed development of three residentials apartment blocks, valued at RM315 million. The contract was awarded by Smart Advance Resources Sdn Bhd to the group’s wholly owned subsidiary, Southern Score Sdn Bhd (SARSB),…
Read MoreKUALA LUMPUR (July 2): A total of 50,884 Housing Credit Guarantee Scheme (SJKP) loan applications worth RM10.894 billion have been approved from 2008 to April 30, said Housing and Local Government Minister Nga Kor Ming. He said out of that number, a total of 11,422 applications with a loan value of RM2.51 billion had been…
Read MoreKUALA LUMPUR (July 2): The Ministry of Investment, Trade, and Industry (Miti) is working with the Construction Industry Development Board (CIDB) and the Works Ministry to explore ways to enforce a more stringent localisation programme for government construction projects, as one of the ways to address the issue of overcapacity faced by the iron and steel…
Read MoreKUALA LUMPUR (July 2): Country Heights Holdings Bhd (KL:CHHB) said on Monday that it is working closely with the Malaysian Department of Insolvency (MDI) to resolve the winding-up of its indirect wholly-owned subsidiary Mines Waterfront Business Park Sdn Bhd (MWBP) and return it to solvent status. In a statement, Country Heights said there were 23…
Read MoreThis comes after the conclusion of Datuk NK Tong’s two-year term, who held the presidency since July 2022. KUALA LUMPUR (July 1): Datuk Ir Ho Hon Sang of Equatorial Palms Sdn Bhd has been elected Real Estate and Housing Developers’ Association (REHDA) Malaysia president during the association’s Annual Delegates Conference on June 29. This comes…
Read MoreKUALA LUMPUR (July 1): With the appointment as the new manager of Amanah Hartanah Bumiputera (AHB) fund effective Monday, PHB Asset Management Bhd (PHBAM) announced that it will scale the AHB fund from RM5 billion to RM20 billion by 2030. According to the press statement issued on Monday, PHBAM, the wholly-owned subsidiary of Pelaburan Hartanah…
Read MoreKUALA LUMPUR (June 28): Property developer UEM Sunrise Bhd said it will file an appeal with the High Court here after the Special Commissioners of Income Tax ruled in favour of the Inland Revenue Board (IRB) that the additional tax and penalty totalling RM73.84 million are to be maintained. On Oct 3, 2011, UEM Sunrise’s…
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