KUALA LUMPUR – Malaysia’s first Bandar PR1MA township, which is being built near the construction site of the Teluk Intan Universiti Pendidikan Sultan Idris (UPSI) campus, is set to be launched this year. Housing and Local Government Minister Nga Kor Ming said the project, on a 57.5-hectare land and an estimated gross development value of…
Read MoreKUALA LUMPUR – The financial stretch continues to keep Malaysians living in major cities from realising their dreams of home ownership. Among the younger generation, their major concerns are the property prices that are now multiple times more than the annual household income. It is not easy for those with no fixed income or low…
Read MoreKUALA LUMPUR (Jan 18): Sime Darby Property Bhd’s Great Deals sales campaign achieved sales bookings of 1,107 units worth RM1.1 billion. In a statement today, the property developer said the campaign, which ran from Aug 15 to Dec 31, 2023, provided attractive offers for a limited number of properties in the townships owned by Sime…
Read MoreKUALA LUMPUR (Jan 19): A strong Management Corporation (MC), a healthy maintenance budget and simplified design are among crucial elements to ensure that a property’s condition would be tiptop. This was shared during the “Fireside Chat: Costly to Judge a Book by its Cover” at The Edge Malaysia Property Management Virtual Talk 2024, which was…
Read MoreKUALA LUMPUR (Jan 19): SkyWorld Development Bhd took home the Gold Award yesterday in the Property Development category at the Putra Aria Brand Awards 2023 in its inaugural participation. The Putra Aria Brand Awards, known as ‘The People’s Choice,’ is organised by the Association of Accredited Advertising Agents Malaysia (4As). The award recognises outstanding brands…
Read MoreKUALA LUMPUR (Jan 19): While Tanco Holdings Bhd’s share price has been on a downward spiral, a total of 6.07 million warrants were converted at the exercise price of 31 sen per share, the company’s filing to Bursa Malaysia showed. The conversion of this block of warrants cost RM1.88 million. These are warrants issued under…
Read MoreKUALA LUMPUR (Jan 18): Property developer Magna Prima Bhd is teaming up with Golden Rainbow View Sdn Bhd to jointly develop a mixed development with an estimated gross development value (GDV) of RM1.2 billion, on a 113,963 sq ft site previously occupied by the Lai Meng school here, which fronts the north-western side of Jalan…
Read MoreKUALA LUMPUR (Jan 18): Sentoria Group Bhd plans to raise up to RM150 million — more than three times its market capitalisation of RM40 million — from a redeemable convertible bonds issue to repay loans and finance property developments. In a bourse filing on Thursday, the property developer and resort operator also proposed a consolidation…
Read MoreKUALA LUMPUR (Jan 19): A total of 6.07 million warrants of Tanco Holdings Bhd were converted into shares for RM1.88 million amid heavy selling pressure on the company’s mother shares, which have dropped 43.5% over the last two days. The exercised warrants may have been part of a bonus issue that Tanco announced in August…
Read MorePermodalan Darul Ta’zim agreed to nominate Eco Botanic 3 Sdn Bhd for the purchase of RM450.13 million Johor land from River Retreat Sdn Bhd. (Medini Iskandar pic) PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) has proposed to acquire 13 parcels of land totalling 97.25 hectares in Iskandar Puteri, Johor, to develop a mixed…
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