Meanwhile, Kuala Lumpur mayor Datuk Kamarulzaman Mat Salleh, announced that the recently introduced GOKL Route 15 has initiated services, linking passengers from Prima Alam Damai to HCTM since Feb 1. KUALA LUMPUR (Feb 6): The government aims for eight out of 10 households in the federal capital to be within a 10-minute radius of any nearby…
Read MoreKUALA LUMPUR (Feb 6): Guocoland (Malaysia) Bhd reported a 36.64% decrease in net profit to RM5.67 million for the second quarter ended Dec 31, 2023 (2QFY2024), compared with RM8.95 million a year ago, despite higher revenue. The decline in net profit was attributed to the better gross margin previously amid the finalisation of development costs of…
Read MoreKUALA LUMPUR (Feb 6): A total of 2,093 illegal dumpsites were closed involving an estimated clean-up cost of RM1.6 million in 2023, said Housing and Local Government Minister Nga Kor Ming. He said the operation of cleaning and closing illegal dumpsites carried out in seven states through the Solid Waste and Public Cleansing Management Act…
Read MoreKUALA LUMPUR (Feb 6): Property developer Titijaya Land Bhd’s 70%-owned indirect subsidiary Pride Hectares Sdn Bhd is buying a five-storey medium-cost flat building, comprising 97 two-bedroom units, in SS15, Subang Jaya, Selangor from Bank Negara Malaysia (BNM) for RM44.5 million cash. It intends to redevelop the properties into mixed commercial properties. In a filing with Bursa…
Read MoreKUALA LUMPUR (Feb 6): YTL Land & Development Bhd’s Dedaun Rimba project, located within the 2,259-acre Kwasa Damansara township development, saw its link houses fully sold and its townhouses 80% taken up during a sale preview held on Feb 4. With a gross development value of RM250 million, Dedaun Rimba is a 12.7-acre low-density, gated-and-guarded…
Read MoreKUALA LUMPUR (Feb 2): Eastern & Oriental Bhd’s (E&O) executive chairman Datuk Tee Eng Ho and his brother, executive director Tee Eng Seng, raised their stake in the property developer to 50.7% via the conversion of irredeemable convertible unsecured loan stocks (ICULS). According to a bourse filing on Friday, the Tee brothers’ investment vehicle Kerjaya…
Read MoreKUALA LUMPUR (Feb 2): Jiankun International Bhd’s wholly owned unit JKI Development Sdn Bhd (JKID) has been hit with another lawsuit by a former joint venture (JV) partner Fivestar Development (Puchong) Sdn Bhd, demanding RM14.21 million in alleged unpaid sums. The latest suit against JKID concerns the same joint venture agreements signed between the two…
Read MoreKUALA LUMPUR (Feb 4): A landslide occurred on Saturday (Feb 3) morning at Jalan Taman Pantai, Taman Bukit Pantai, Bangsar, affecting a house. The Kuala Lumpur Fire and Rescue Department (JBPM) operations centre, in a statement on Saturday said they received a distress call about the incident at 10.45am and promptly dispatched its machinery to…
Read MoreKUALA LUMPUR (Feb 2): The Fire and Rescue Department (JBPM) is set to receive two new AgustaWestland AW139 helicopters, Housing and Local Government Minister Nga Kor Ming said. He said the new assets would bring JBPM’s helicopter fleet to 11 by 2025. “This demonstrates the government’s commitment to support and stand firmly with JBPM. “This…
Read MoreEconomic growth will help sustain real estate By Joseph Wong The economic landscape in 2024 will have a direct impact on both the residential and commercial real estate markets, influencing demand and the influx of new supply. With a more stable economic environment, it is anticipated to boost consumer confidence and spending power. Moreover, with…
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