KUALA LUMPUR (June 7): Prime Minister Datuk Seri Anwar Ibrahim (pictured) said on Friday that the government will adopt the Building Information Modelling (BIM) system for projects undertaken by the government and the private sector. BIM is the holistic process of creating and managing information for a built asset, based on an intelligent three-dimension model…
Read MoreKUALA LUMPUR (June 10): Shares of Binastra Corp Bhd (KL:BNASTRA) broke a new record high on Monday, after the company announced a construction contract win worth RM315 million. Binastra surged as much as 10% or 11 sen to RM1.21 in morning trades, their highest since listing in August 2004. The stock was trading at RM1.16…
Read MoreKUALA LUMPUR (June 8): The Works Ministry on Saturday confirmed that there are no structural cracks in the crosshead of the Setiawangsa-Pantai Expressway (SPE) interchange on Jalan Cheras. In a brief statement posted on X, formerly Twitter, the ministry informed that an inspection conducted at 11.30pm on Friday revealed only construction joint lines, remnants from…
Read MoreKUALA LUMPUR (June 7): Bursa Malaysia Securities has publicly reprimanded Top Builders Capital Bhd, which is engaged in civil and building construction, and fined eight of its directors a total of RM405,750 for breaching listing rules. Top Builders had failed to issue its annual report including audited financial statements for the financial year ended June…
Read MoreKUALA LUMPUR (June 10): The Malaysian REIT Managers Association (MRMA) has appointed Leong Kit May, the chief executive officer (CEO) of Axis REIT Managers Bhd, as its new chairman. Leong succeeds Datuk Philip Ho — the CEO of Pavilion REIT Management Sdn Bhd — who served as the association’s chairman from June 16, 2022 to…
Read MoreKUALA LUMPUR (June 10): Sime Darby Property Bhd (KL:SIMEPROP) is collaborating with Technogym Malaysia to integrate fitness equipment and solutions into Sime Darby Property’s developments for a 60-month period, with the flagship facility at KLGCC. “We are thrilled to embark on this health and wellness journey with Technogym. By combining Sime Darby Property’s expertise in…
Read MoreKUALA LUMPUR (June 10): The federal government has agreed in principle to grant a 20-year concession for the operation and maintenance management of Kuala Lumpur Tower to construction company Lim Seong Hai Capital Bhd (KL:LSH) and its joint venture (JV) partner. In a filing on Monday, LSH Capital said that its subsidiary, LSH BEST Builders…
Read MoreThere will come a time when upgrading works must be done By Joseph Wong As time marches on, buildings age. What was once new and vibrant gradually shows signs of wear and tear, demanding attention and care to maintain its functionality and aesthetics. Like any other man-made structure, buildings are subject to the effects of…
Read MoreModern buyers demand homes that meet current standards, blending old-world charm with new-world convenience. New demands require thinking out of the box Malaysia’s housing boom saw many homes being built like Tetris blocks across the country. But when it comes to generic homes, creativity is not expected. They are simply functional, with nothing particularly exciting…
Read MoreAn intricate web of market forces, government policies and unforeseen circumstances is the cause By Joseph Wong As with many other countries in the world, housing affordability always remains the hottest topic of discussion in Malaysia. As reported by a multitude of private and public agencies time and time again, houses nationwide are seriously unaffordable….
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