KUALA LUMPUR (March 18): The Malaysian Institute of Architects (PAM) has expressed its support towards the Ministry of Housing and Local Government’s initiative to introduce the Urban Redevelopment Act. PAM president Abu Zarim Abu Bakar (pictured) in a press statement on Monday said that the current consent requirement of 100% from building owners had been…
Read MoreKUALA LUMPUR (March 16): More than 10,000 units of Residensi Madani and Residensi Wilayah are targeted to be developed in Putrajaya, starting this year, and expected to be completed in 2027. Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa (pictured) said that the development of both types of residency will benefit those…
Read MoreKUALA LUMPUR (March 18): SkyWorld Development Bhd and RHB Banking Group have embarked on a strategic collaboration to promote green-certified homeownership for purchasers of The Vesta Residences and Curvo Residences. This marks the first partnership between both parties to introduce RHB’s Green Home Financing scheme for SkyWorld’s green-certified homes. RHB Bank will offer a margin…
Read MoreKUALA LUMPUR (March 18): Eversendai Corp Bhd, which announced last week that it had secured four new projects worth an aggregate RM5.4 billion, said it is unable to provide a value breakdown of the projects due to non-disclosure agreements (NDAs). The construction group, whose shares have surged 68.3% since the announcement of the hefty contract…
Read MoreBy Joseph Wong Property buyers in Malaysia often look forward to the completion of their dream homes. However, the issue of Extension of Time (EOT) has been a thorny one for many buyers, leaving them feeling unfairly treated. One of the primary concerns for property buyers is the delayed possession of their homes and when…
Read MoreKUALA LUMPUR (March 15): Binastra Corp Bhd has secured a contract worth RM369.95 million to undertake construction and completion of main building works and infrastructure projects. In a filing with Bursa Malaysia on Friday, Binastra announced that its wholly owned subsidiary Binastra Builders Sdn Bhd had accepted the letter of award from Exsim Jalil Sdn…
Read MoreKUALA LUMPUR (March 15): Master Builders Association Malaysia (MBAM) urges the government to provide tax exemptions for intragroup services in logistics and maintenance and repair services, and not only for the same taxable services under the logistics services. Intragroup services are any services provided by related companies, and these services should be tax exempted. This…
Read MoreKUALA LUMPUR (March 15): Econpile Holdings Bhd climbed to its highest in nearly three years on Friday as analysts urge investors to buy more of the piling company’s stock following its latest contract win. The counter rose as much as 8.2% to a high of 46 sen during the morning session, its highest since June…
Read MoreKUALA LUMPUR (March 15): Malaysia has successfully seized properties valued at RM990 million related to drug crimes since 2019, said Home Minister Datuk Seri Saifuddin Nasution Ismail. (pictured) He said recognising the intricate connections between drug trafficking, corruption and other forms of organised crime, Malaysia remains steadfast in implementing effective strategies to combat those threats…
Read MoreKUALA LUMPUR (March 15): Kwasa Land Sdn Bhd, a wholly owned subsidiary of Employees Provident Fund (EPF) and master developer of Kwasa Damansara, has announced a partnership with Impiana Land & Development Sdn Bhd (Impiana) to develop 47 acres of residential development called Serene Kwasa Damansara in Kwasa Damansara, according to a press statement on…
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