Developers call for an extension as i-Miliki end draws near By Yanika Liew Property developers are seeking an extension of the i-Miliki initiative for three more years, subject to the improvement of the economy. The programme would then rely on the realities of ordinary Malaysians, with the flexibility to change as necessary. To account for…
Read MoreKUALA LUMPUR (Oct 4): More measures need to be taken to make houses more affordable, including strengthening the people’s finances, especially those within the middle-income group, said Asia’s global real estate technology group, Juwai IQI. Co-founder and group chief executive officer, Kashif Ansari said housing affordability is a priority as it is pivotal in fostering…
Read MoreKUALA LUMPUR (Oct 4): Unitholders of KIP Real Estate Investment Trust (KIP REIT) on Wednesday voted in favour of the REIT’s proposal to acquire KIPMall Kota Warisan in Sepang for RM80 million. The resolution was duly passed at its extraordinary general meeting (EGM) after 87 unitholders who collectively hold 226.64 million units in KIP REIT,…
Read MoreKUALA LUMPUR (Oct 5): Hong Leong Investment Bank (HLIB) Research has maintained its “buy” rating for IOI Properties Group Bhd (IOIPG) at RM1.67, with a higher target price (TP) of RM2.48 (from RM2.10). It said the group is on track to achieve new heights from: i) its record-high launch target among local developers in recent…
Read MoreKUALA LUMPUR (Oct 3): Matrix Concepts Holdings Bhd has achieved 30% take-up rate for Levia Residence since its soft launch last August, said Matrix Concepts founder and group executive deputy chairman Datuk Seri Lee Tian Hock during the sale and purchase agreement (SPA) signing ceremony with the Malaysia Basketball Association (Maba) at Wisma Maba, Kuala Lumpur…
Read MoreKUALA LUMPUR (Oct 4): YLI Holdings Bhd’s subsidiary, Laksana Wibawa Sdn Bhd, has accepted and received RM97.84 million in compensation for its land in Hulu Serendah, Selangor that was compulsorily acquired for a rail project. In a local bourse filing on Wednesday, the steel manufacturer said the land was acquired by Malaysian Rail Link Sdn…
Read MoreKUALA LUMPUR (Oct 4): RHB Research is still upbeat on industrial real estate investment trusts (REITs), as the demand and supply dynamics in the sector remain in favour of landlords, despite acquisitions declining after a sharp rise in valuations during the Covid-19 pandemic, which had compressed yields. In a sectoral update on Wednesday, the research…
Read MoreKUALA LUMPUR (Oct 3): LBS Bina Group Bhd has announced several proposals for Budget 2024 that it deems essential to spur the local property sector in a press statement on Tuesday. LBS Bina executive chairman Tan Sri Lim Hock San said, “We are hopeful that Budget 2024 will bring about significant change, and positively influence…
Read MoreKUALA LUMPUR (Oct 3): Piling and foundation specialist Econpile Holdings Bhd has bagged a contract worth RM101.34 million to undertake sub-structure works of three blocks of small office-home office (SoHo) here. In a bourse filing on Monday, Econpile said its wholly-owned subsidiary Econpile (M) Sdn Bhd has accepted the letter of award from Suriamega Development…
Read MoreKUALA LUMPUR (Oct 3): Property developer Sunsuria Bhd said OCBC Bank (Malaysia) Bhd has granted an additional limit of RM120 million to its 51%-owned subsidiary Bangsar Hill Park Development Sdn Bhd (BHPDSB), bringing its total credit facilities to RM420.483 million. Pursuant to the facilities, Sunsuria itself has provided financial assistance to BHPDSB in the form…
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