KUALA LUMPUR (Dec 12): The Madani Inclusive Housing Concept will be catalyst for the development of affordable housing projects for the target groups in the country said Prime Minister Datuk Seri Anwar Ibrahim. He said the efforts started with the cooperation of the Kuala Lumpur City Hall (DBKL) to provide houses to the targeted groups…
Read MoreKUALA LUMPUR (Dec 12): Prime Minister Datuk Seri Anwar Ibrahim has called on all relevant parties to emphasise the need for the country’s investment landscape and ecosystem to be more creative and investor-friendly. In a post on his official Facebook on Monday, he said the parties involved were also called upon to continue efforts in…
Read MoreKUALA LUMPUR (Dec 8): EcoFirst Consolidated Bhd, which is facing a RM20 million lawsuit for withdrawing a RM404.35 million contract it had issued to Kerjaya Prospek Group Bhd, said the group will be contesting the matter. In a filing on Friday, EcoFirst said the lawsuit was filed against its wholly-owned subsidiary BCM Holdings Bhd by…
Read MoreThe REIT said the acquisition of Temerloh Mall in Taman Damai, from Amal Mewah Development Sdn Bhd, will be funded by its existing bank financing. KUALA LUMPUR (Dec 8): Axis Real Estate Investment Trust (Axis-REIT) has proposed to acquire a two-storey shopping mall in Temerloh, Pahang, for RM25.75 million cash. The REIT said the acquisition…
Read MoreKUALA LUMPUR (Dec 11): Radium Development Bhd and Tunku Abdul Rahman University of Management and Technology (TAR UMT) recently awarded the TARC-Radium Care Student Loan to two exceptional students. This follows the signing of a Memorandum of Understanding between Radium and TAR UMT in January 2023 for a five-year partnership that sees the developer contributing…
Read MoreKUALA LUMPUR (Dec 11): Sentral Real Estate Investment Trust (Sentral REIT) said on Monday that it has completed the acquisition of Menara CelcomDigi (pictured) in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB) for RM450 million. MRCB is the single largest unitholder of Main Market-listed Sentral REIT, with a 27.94% equity interest. Sentral REIT had…
Read MoreSenada at KLGCC Resort was the Sime Darby Brunsfield Holding Sdn Bhd joint venture’s final property project. (Sime Darby web pic) PETALING JAYA: Sime Darby Property Bhd and Brunsfield Metropolitan Sdn Bhd have mutually terminated the Sime Darby Brunsfield Holding Sdn Bhd (SDBH) joint venture (JV). This decision dissolves the 60:40 JV at book value…
Read MoreProponents of the ‘build-then-sell’ property development model say it will protect housebuyers. PETALING JAYA: Mandating a build-then-sell (BTS) requirement on all property development projects will protect buyers, but it will come at a cost. Proponents of the idea argue that it will address the problem of abandoned housing projects. “With BTS, the buyer will purchase…
Read MoreKUALA LUMPUR (Dec 8): Sime Darby Property Bhd and Brunsfield Metropolitan Sdn Bhd have mutually terminated their 60:40 joint venture (JV). The JV, Sime Darby Brunsfield Holding Sdn Bhd, is dissolved at book value effective Friday, said Sime Darby Property in a statement. The JV will now be Sime Darby Property’s wholly owned subsidiary, and…
Read MoreKUALA LUMPUR (Dec 8): The government is committed to increasing the acceptance level of Malaysians to shift to electric vehicles (EVs), including electric motorcycles, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz (pictured). He said this is due to the benefits of EV mobility, which is not only limited to cars,…
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