KUALA LUMPUR (Jan 23): Former chief executive officer (CEO) of IOI Properties Group Bhd Datuk Voon Tin Yow is set to come out of retirement and assume the role of CEO at Mah Sing Group Bhd, effective Feb 2, 2024. Voon, 66, with 40 years of experience in the construction and property development industry, will…
Read MoreSime Darby Property’s Elmina Lakeside Mall secures 85% tenancy prior to opening in 3Q2024 Some of the brands are Jaya Grocer, Harvey Norman, The Coffee Bean & Tea Leaf, Nak Nak, Inside Scoop, Kenny Hills Bakers, Jibby & Co, Chica Bonita, Sushi Zanmai, Para Thai, Super Saigon, Dolly Dim Sum, Watsons, Toys“R”Us, Twigs Bookshop, Lavender…
Read MoreKUALA LUMPUR (Jan 23): The Malaysian government and Express Rail Link Sdn Bhd (ERL) have entered into a new supplementary concession agreement that enables the KLIA Ekspres operator to implement a “market-driven” fare structure. Under the new agreement, the government will stop paying ERL fees or charges from the collection of passenger service charges (PSCs) starting…
Read MoreBy Joseph Wong In the past, the ultimate aspiration was to own a vast expanse of land, yet the journey often involves a stopover in a compact unit, sometimes right in the heart of the city. Nowadays, with land scarcity and soaring prices, the dream of owning a spacious property may remain elusive for many….
Read MoreKUALA 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): 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 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…
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