KUALA LUMPUR (June 6): Malaysia’s property market has demonstrated significant growth and resilience, with an individual property counter experiencing up to 600% growth in share price appreciation. This was revealed by Housing and Local Government (KPKT) Minister Nga Kor Ming (pictured) in a media release today about his views of the property segment. “The Malaysia…
Read MoreKUALA LUMPUR (June 6): The government is in the midst of formulating a new law to regulate the profession and practice of building surveyors and ensure good governance in the construction industry, said Minister of Natural Resources and Environmental Sustainability Nik Nazmi Nik Ahmad. (pictured) Nik Nazmi said, at present, the proposed Building Surveyors Act…
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…
Read MoreKUALA LUMPUR (June 5): IJM Land Bhd will launch its latest landed residential development named Nova at Seremban 2 on June 29. In the meantime, the project is now open for registration, according to a press statement on Wednesday. In the statement, IJM Land senior general manager Chai Kian Soon said, “Nova represents our dedication…
Read MoreKUALA LUMPUR (June 5): Avaland Bhd (KL:AVALAND) has topped out Sanderling condominium, which has a 90% take-up rate, according to a press statement on Tuesday (June 4). Sanderling is the third phase of the developer’s 23-acre freehold Lakefront Residence development in Cyberjaya. The Lakefront Residence phase one and phase two are the first two phases…
Read MoreCeylonz Suites @ Bukit Ceylon by Landart Design received the MLAA14 President Award. Photo shows the winning team. The 14th edition of the Malaysia Landscape Architecture Award (MLAA14) recently celebrated the pinnacle of creativity, innovation and sustainability in Malaysian landscape architecture. The esteemed accolade continues to uphold the highest standards of design excellence, honouring the…
Read MoreKUALA LUMPUR (June 4): Despite ongoing litigation with MBSB Bank over payment defaults, Country Heights Holdings Bhd (KL:CHHB) announced on Monday a tender process to attract investors for the Mines Waterfront Business Park (MWBP) and Mines International Exhibition and Convention Centre (MIECC) project development in Seri Kembangan. The property developer said it has authorised its…
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