KUALA LUMPUR (Jan 16): Battersea Power Station saw a 30% year-on-year increase in footfall in December 2023, bringing the total visitors for the year to 11.2 million. In a statement issued by Battersea Power Station Development Company, the development, which opened to the public on Oct 14, 2022, saw strong footfall over the Christmas period,…
Read MoreKUALA LUMPUR (Jan 16): EVD Bhd on Monday said its wholly-owned unit, EVD Engineering Sdn Bhd (EVDE), is being sued over a claim of RM600,292 by a subcontractor for the supply of civil and structural building works. This comes after EVD announced on Jan 11 that the subcontractor, North Line Eng (M) Sdn Bhd, had…
Read MoreKUALA LUMPUR (Jan 15): MGB Bhd, a subsidiary of LBS Bina Group Bhd, has promoted its executive vice chairman, Tan Sri Lim Hock San (pictured), to group executive chairman with effect from Monday. Lim, 66, succeeds Datuk Abdul Majit Ahmad Khan, 78, who has resigned as the group’s independent and non-executive chairman. He was appointed…
Read MoreKUALA LUMPUR (Jan 16): Kerjaya Prospek Group Bhd’s wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has secured an RM111.8 million job to develop a residential development project in Mukim Setapak, Kuala Lumpur. The construction firm said in a statement on Tuesday the project entails the construction of a 52-storey main building works, comprising of a…
Read MoreKUALA LUMPUR (Jan 12): Eonmetall Group Bhd’s wholly owned subsidiary Eonmetall Land Sdn Bhd (ELSB) has received a notice of award and offer for compensation from the district and land office of Klang for invoking the compulsory acquisition of 0.9 hectare of industrial land for RM30.41 million. In a filing with Bursa Malaysia on Friday,…
Read MoreKUALA LUMPUR (Jan 15): Analysts have kept “buy” calls on IJM Corp Bhd following the latest acquisition for its second property project in the UK, which entails a redevelopment for 811 homes and 150,000 sq ft of mixed-use space in Hertfordshire. Another acquisition by IJM for a 25% stake in the Shah Alam International Logistics…
Read MoreKUALA LUMPUR (Jan 15): SkyWorld Development Bhd has achieved another significant milestone with SkyBlox @ SkySanctuary project in Setapak by attaining a “record-high” QLASSIC rating of 86%. This marks the highest rating ever attained by the company and underscores the exemplary workmanship quality of the building construction, adhering to the Construction Industry Standard (CIS 7:2006)…
Read MoreKUALA LUMPUR (Jan 15): The Urban Renewal Implementation Guidelines (GPP PSB) introduced by KPKT last September stand as a pivotal reference for developers and stakeholders who are interested in urban renewal projects. With the new Urban Renewal Act expected to be tabled this year, GPP PSB is more than just a manual. It functions as…
Read MoreKUALA LUMPUR (Jan 15): Magna Prima Bhd extended its losses for a second consecutive trading day on Monday, after it was slapped with an unusual market activity (UMA) query by Bursa Securities last week. While Magna Prima initially rose 3% or two sen to 68.5 sen in the morning, the counter reversed to a loss…
Read MoreCommercial property, particularly the older buildings in the central business district of Kuala Lumpur, likely to see lower demand. (Bernama pic) PETALING JAYA: Selected areas and segments of the property market in Malaysia are expected to perform well in 2024, but elsewhere there are areas of concern. Industry experts expect to see sales improve as…
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