PETALING JAYA: The StarProperty Bumiputera Fair, one of Malaysia’s popular property exhibitions, will showcase a variety of real estate choices from reputable developers and give bumiputera home buyers more housing options. To be held at Central i-City in Shah Alam starting today (June 6) on the Central Concourse, this highly anticipated event, presented by insurance…
Read MoreKUALA LUMPUR (June 6): Parkson Holdings Bhd (KL:PARKSON) said two of its units in mainland China have renewed their respective tenancy for another 10 years until December 2034. In a filing with Bursa Malaysia on Thursday, Parkson said Shenyang Parkson Shopping Plaza Co Ltd has entered into a supplemental tenancy agreement with Shenyang Holding Co…
Read MoreKUALA LUMPUR (June 6): Nestcon Bhd (KL:NESTCON) has secured a RM37.7 million contract for construction works on a development project in Kota Seri Langat in Banting, Selangor. In a bourse filing on Thursday, the construction outfit stated that its wholly-owned subsidiary, Nestcon Infra Sdn Bhd, has accepted a letter of award (LOA) from property developer…
Read MoreKUALA LUMPUR (June 7): The Malaysia Digital Economy Corporation (MDEC) is encouraging local companies to expand their horizons as investors are paying attention to fast-growing companies, citing the potential of the digital platform economy. Speaking to EdgeProp at the Juwai IQI International Convention 2024 held here recently, MDEC senior vice-president and head of digital export…
Read MoreKUALA LUMPUR (June 7): Shares in Sime Darby Property Bhd (KL:SIMEPROP) notched another fresh six-year high in active trade on Friday, after the real estate developer announced an internal reorganisation. The stock edged up 3% or four sen to RM1.34, its highest since January 2018, before paring gains to trade at RM1.33 per share at…
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 MoreHousing loans alone constitute over 60% of total outstanding loans in the Malaysian banking system. Despite their apparent difference, the real estate and banking sectors are more in sync than one realises at first glance. Malaysian property plays a vital role in the country’s economic expansion and it fully depends on a delicate balancing…
Read MoreStricter lending policies have been implemented by Malaysian banks in recent times. For many Malaysians, owning a home is one of the pillars towards a successful life. It represents stability, safety and a foundation for the future. Unfortunately, a complicated web of problems involving the financing of home loans is making the road to…
Read MoreKUALA LUMPUR (June 5): The High Court here has set August 9 to hear Tunas Manja Development & Construction (KL) Sdn Bhd’s (TMDC KL) winding-up petition against SPNB Aspirasi Sdn Bhd, a wholly-owned subsidiary of national housing development company Syarikat Perumahan Negara Bhd (SPNB). SPNB is owned by the Ministry of Finance, but its operations…
Read MoreKUALA LUMPUR (June 5): An indirect unit of construction group Nestcon Bhd (KL:NESTCON), whose share price shot up over 20% just two weeks ago, has secured a RM3.6 million contract to develop and install a solar photovoltaic (PV) system. According to Nestcon’s filing with Bursa Malaysia on Wednesday, Nestcon Solar Sdn Bhd (NSSB), a wholly-owned…
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