KUALA LUMPUR (Nov 10): Real estate developer LBS Bina Group Bhd has secured a solar power capacity of 28.67 megawatts (MW) under the Corporate Green Power Programme (CGPP) — a renewable energy initiative by the government that allows corporate consumers to virtually purchase solar energy from solar developers. In a filing with Bursa Malaysia on…
Read MoreKUALA LUMPUR (Nov 14): Ipsos Malaysia is calling for a review of the 30% housing expense-to-income rule in assessing housing affordability, saying the current rule that deems a home unaffordable if households spend more than 30% of their income on it, is both “outdated and arbitrary”, which leads to suboptimal policies. The current rule is…
Read MoreKUALA LUMPUR (Nov 14): Seven local councils in Klang Valley have been instructed to identify bus stations and sidewalks leading to train stations that need to be upgraded immediately next year, said Transport Minister Anthony Loke Siew Fook (pictured). He said the instructions were made at the recent Cabinet meeting, where all parties agreed that…
Read MoreHype Residences is situated on 4.32 acres of land, with two towers consisting of 961 homes upon completion. SELANGOR: Sime Darby Property Berhad launched the first phase of its SJ7 transit-oriented development (TOD), Hype Residences, comprising 310 homes, which received a 100% take-up within one hour of its official launch. With a gross development value…
Read MoreKUALA LUMPUR (Nov 10): UEM Sunrise Bhd collaborating with Affin Bank Bhd (AFFIN BANK) via mortgage acquisition programme ‘Affinita’ to empower women and promote homeownership amongst them. Among the various incentives include access to AFFIN BANK’s INVIKTA Premier Banking for female customers with financing amounts exceeding RM500,000. This marks the second collaboration UEM SunrIse has…
Read MoreKUALA LUMPUR (Nov 10): SkyWorld Development Bhd’s SkyAwani 3 Residences in Setapak has won the Innovative Design Award at the Malaysia Outstanding Sustainable Development Awards 2023 organised by the Malaysia Urban Planning Awards (MUPA). According to Lee Chee Seng, chief executive officer of SkyWorld Development, the award is a testament to the company’s commitment to…
Read MoreKUALA LUMPUR (Nov 9): Sentral REIT’s net property income (NPI) rose 6.05% to RM30.12 million in the third quarter ended on Sept 30, 2023 (3QFY2023) from RM28.40 million a year ago, underpinned by higher gross revenue, offset by higher property expenses. Gross revenue for the quarter increased by 11.43% to RM39.78 million from RM35.7 million…
Read MoreKUALA LUMPUR (Nov 9): Vestland Bhd has secured a RM240 million contract to undertake the main building works, mechanical and electrical and external works for two blocks of council homes in Taman Desa, Kuala Lumpur. In a local bourse filing on Thursday, the construction company said its wholly owned subsidiary Vestland Resources Sdn Bhd (VRSB)…
Read MoreKUALA LUMPUR (Nov 8): There were 1,920 residential units auctioned in the first nine months of 2023, with a total value of RM529.03 million, according to Local Government Development Minister Nga Kor Ming (pictured). These auctioned residential units include 1,033 units priced at RM300,000 and below; 418 units priced at RM300,000 to RM500,000; 267 units…
Read MoreKUALA LUMPUR (Nov 8): AME Real Estate Investment Trust (AME REIT) reported a net income of RM8.72 million for the second quarter ended Sept 30, 2023 (2QFY2024) on the back of a net property income of RM10.78 million. It continued to maintain 100% occupancy rates across its industrial properties. The industrial REIT proposed an interim…
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