Countries have begun looking into sustainable solutions that encourage greater cohesion in the form of mixed-income housing. Can Malaysia move forward with more socially sustainable developments? In Malaysia, property developers are obligated to dedicate a portion of their development land to affordable housing initiatives, with varying differences in the regulations among different states. As an…
Read MoreKUALA LUMPUR (Sept 4): MIDF Research has initiated coverage on Matrix Concepts Holdings Bhd at RM1.52 with a “buy” call and target price (TP) of RM1.81. In a note on Monday, the research house said it derived the TP of RM1.81 by pegging a 25% discount to revalued net asset value. “Our positive view on…
Read MoreKUALA LUMPUR (Sept 1): Property developer Matrix Concepts Holdings Bhd has appointed Kelvin Lee Chin Chuan, the son of its group executive deputy chairman, as its non-independent and non-executive director effective Friday. Kelvin is the son of Datuk Seri Lee Tian Hock, who is also the single largest shareholder of the group with an 11.47%…
Read MoreKUALA LUMPUR (Sept 1): Top Builders Capital Bhd is making another appeal to Bursa Malaysia Securities against the decision to delist the company’s shares from the stock exchange. The Practice Note 17 (PN17) company said this in a bourse filing on Friday, two days after Bursa Securities rejected its earlier appeal against the proposed delisting…
Read MoreKUALA LUMPUR (Sept 4): IGB Group Bhd has rebranded and reopened The Boulevard Mid Valley City as St Giles Boulevard last Thursday (Aug 31), according to a press statement on Monday. St Giles Boulevard, which is part of the Mid Valley City mixed-use integrated development in Kuala Lumpur, is 28 storeys high and comprises 390…
Read MoreKUALA LUMPUR (Sept 4): SkyWorld Development Bhd has signed a Memorandum of Understanding (MoU) with the management corporation of its completed SkyLuxe on the Park Residences to provide an enhancement study to upgrade and optimise the development’s existing electric vehicle (EV) charging stations as part of its first Sustainable Community Living programme. Starting off at…
Read MoreKUALA LUMPUR (Sept 4): Lion Industries Corp Bhd is selling two parcels of land, measuring 26.787 acres in Kawasan Perindustrian Olak Lempit, Banting, for RM92.03 million in cash. The disposal came after the group scrapped its plan to buy 80 acres of agricultural land in Sepang for RM23 million a month earlier. Lion Industries said…
Read MoreFOREST CITY – On the approach to Malaysia’s $100-billion island megaproject backed by Chinese investment, a collapsed bridge forces drivers to detour before they reach an artificial city emerging from palm oil trees where condos, roads and shops lay empty. Aimed at middle-class Chinese buyers, Forest City has weathered scant sales, Chinese currency controls, a…
Read MoreThe two directly negotiated jobs in the pipeline for MRCB are the KL Sentral redevelopment and Shah Alam Stadium redevelopment projects valued above RM1 billion each. (KL Sentral pic) PETALING JAYA: Hong Leong Investment Bank (HLIB) has upgraded construction and property group Malaysian Resources Corporation Bhd (MRCB) to a “buy” from its previous “hold” call…
Read MoreKUALA LUMPUR (Aug 30): Comintel Corp Bhd has bagged a RM161.28 million contract to undertake the construction of two building blocks for a data centre project in Bukit Jalil, Kuala Lumpur. Comintel said its wholly-owned subsidiary Binastra Builders Sdn Bhd accepted the letter of award from Exsim Jalil Link Sdn Bhd (EJL) on Wednesday. The…
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