At the topping up event were (from left) Kogelevanan, Hong, Aw, Tanco, Leong, Yaw, Chen and Tang. PETALING JAYA: Avaland Bhd has topped out Aetas Damansara, its inaugural luxury development that received numerous accolades in 2022 and 2023. With a 100% take-up rate, Aetas Damansara is expected to be handed over to homeowners in the…
Read MoreKUALA LUMPUR (March 27): Malaysian property developer S P Setia Bhd plans to continue cutting its debt as well as sell more unimportant assets and improve its investment properties for a potential real estate investment trust (REIT). Strategic priorities include divesting non-core assets, refinancing borrowings and generating more cash flow to service debt, S P…
Read MoreKUALA LUMPUR (March 27): Shares of Glomac Bhd surged to its highest in three years, as investors and analysts bet on better sales and margins ahead, even after the property developer reported weaker-than-expected results. Glomac climbed as much as 9.5% or 3.5 sen to 40.5 sen in early Wednesday morning trade, its highest since March…
Read MoreKUALA LUMPUR (March 27): The Ministry of Energy Transition and Water Transformation (Petra) has introduced a solar incentive scheme (Solar for Rakyat incentive scheme or Solaris) to encourage installation of solar photovoltaic (PV) systems by domestic users. In a statement on Wednesday, Fadillah, who is also deputy prime minister, said that solar PV installation in…
Read MoreKUALA LUMPUR (March 27): OCR Group Bhd has topped out its mixed-development The Mate located in Damansara Jaya, Petaling Jaya with a take-up rate of 80%, according to a press release on Wednesday. The Mate is a mixed-development project made up of three components, which are residential, co-living and co-working spaces. It occupies 1.01 acres…
Read MoreLifestyle properties go beyond mere housing, revolving around convenience, connectivity and a sense of community. In the dynamic real estate landscape of Malaysia, a discernible trend is gradually assuming prominence—the emergence of lifestyle properties. These properties are designed with a singular purpose: To offer a comprehensive and enriching living experience. Gone are the days when…
Read MoreKUALA LUMPUR (March 26): Ewein Bhd is acquiring a vacant piece of industrial land in Butterworth for RM25.84 million to develop a workers’ dormitory in a related party transaction. The property developer and precision sheet metal fabrication manufacturer said the move is in line with the group’s intention to diversify into the provision of workers’…
Read MoreAt the topping up event were (from left) Kogelevanan, Hong, Aw, Tanco, Leong, Yaw, Chen and Tang. PETALING JAYA: Avaland Bhd has topped out Aetas Damansara, its inaugural luxury development that received numerous accolades in 2022 and 2023. With a 100% take-up rate, Aetas Damansara is expected to be handed over to homeowners in the…
Read MoreKUALA LUMPUR (March 26): Glomac Bhd’s net profit jumped by over 800% to RM3.81 million for its third quarter ended Jan 31, 2024 (3QFY2024), from RM419,000 a year earlier, driven by higher revenue from its property development and property investment business. Quarterly revenue increased 35.38% to RM89.35 million from RM66 million last year, the real…
Read MoreThe goal of these planned communities is to combine the peace of nature with the conveniences of the city. What comes to mind when thinking about garden suburbs? Birds chirping, sunlight peeking through the curtains every morning and a beautiful park just a stone’s throw away from the front door. These are all possibilities, and…
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