KUALA LUMPUR (Aug 14): Country Heights Holdings Bhd, the property developer founded by tycoon Tan Sri Lee Kim Yew, has defaulted on the payment of Islamic term financing facilities totalling RM89.67 million provided by MBSB Bank Bhd. The default by the group’s indirect wholly-owned units, Mines Waterfront Business Park Sdn Bhd (MWBP) and Mines International…
Read MoreKUALA LUMPUR (Aug 17): Tropicana Corp Bhd is planning to launch SouthPlace 2 Shoppes & Residences at its 88-acre Tropicana Metropark development in Subang Jaya in the fourth quarter of 2023 (4Q2023), following the strong 90% take-up of its earlier SouthPlace Shoppes & Residences project, the developer announced in a statement. The official launch of…
Read MoreKUALA LUMPUR (Aug 17): Prime Minister Datuk Seri Anwar Ibrahim (pictured) wants the practice of soliciting and giving commissions in the implementation of any development projects, including housing, to be stopped immediately. He said the government had never prevented any company from conducting its operations and earning profits, and the practice of giving commissions to…
Read MoreKUALA LUMPUR (Aug 16): Kuala Lumpur City Hall (DBKL) has announced recently that residential and commercial buildings with strata status under its jurisdiction are not allowed to add internal walls to create new bedrooms. In a circular dated July 21 that was addressed to the chairman of all joint management bodies (JMBs), management corporations (MCs),…
Read MoreKUALA LUMPUR (Aug 16): The first phase of IJM Land Bhd’s Nexus, which comprises 166 shop offices in the 2,300-acre Seremban 2 township, has been 80% taken up since its launch on July 22. A press statement Wednesday (Aug 16) said Nexus, which is spread across a 21.42-acre tract, will be developed in two phases….
Read MoreKUALA LUMPUR (Aug 16): Several vehicles were damaged after part of he roof structure of a five-storey building in Jalan Kuchai Lama, here, collapsed last night. A spokesman for the Kuala Lumpur Fire and Rescue Department, when contacted, said that the incident, which occurred at about 10.30 pm, however, did not involve any casualties. Meanwhile,…
Read MoreKUALA LUMPUR (Aug 15): Construction outfit Inta Bina Group Bhd’s unit has clinched a contract from Southville City Sdn Bhd for related works at Phase 1 and 2 of SouthvilleCity-M Sinar for RM206 million — an amount that is almost double its market capitalisation. In a filing on Tuesday (Aug 15), Inta Bina said its…
Read MoreKUALA LUMPUR (Aug 15): Mah Sing Group Bhd said the purchase price of two parcels of land in Puchong Perdana it is acquiring from Millennium Acres Sdn Bhd has been lowered by 8.83% or RM7.58 million. In a filing to Bursa Malaysia on Monday (Aug 14), the property developer said the revised purchase prices of…
Read MoreKUALA LUMPUR (Aug 15): KLCC Stapled Group Bhd’s net profit for the second quarter ended June 30, 2023 (2QFY2023) rose 9.46% to RM180.8 million, from RM165.18 million a year ago, on the back of higher revenue and interest income. The group — comprising KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (KLCC…
Read MoreKUALA LUMPUR (Aug 15): Country Heights Holdings Bhd, the property developer founded by tycoon Tan Sri Lee Kim Yew, has defaulted on the payment of Islamic term financing facilities totaling RM181.1 million provided by MBSB Bank Bhd. The default by the group’s indirect wholly-owned units, Mines Waterfront Business Park Sdn Bhd (MWBP) and Mines International…
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