KUALA LUMPUR (June 13): Real Estate and Housing Developers’ Association (REHDA) is concerned that the 6% SST imposition on construction services will pose significant challenges for developers, primarily due to anticipated increases in operational costs. “We have yet to determine the exact impact, but we expect the move will lead to a slowdown in the…
Read MoreKUALA LUMPUR (June 13): SkyWorld Development Bhd has received global recognition at the FIABCI World Prix d’Excellence Awards 2025, earning the World Silver Award in the Residential High Rise category for its park front development, SkyLuxe On The Park Residences in Bukit Jalil. SkyWorld previously secured Gold Awards for SkyAwani 2 and SkyAwani 3 Residences…
Read MoreUEM Edgenta’s entry into the Middle East’s premium property management sector began with its acquisition of Kaizen from NW Kaizen Holdings Ltd for about RM55 million in February last year. Its new JV further solidifies UEM Edgenta’s footprint in the UAE, by providing an integrated real estate services platform specifically designed for the UAE and…
Read MoreBINASTRA Corporation Bhd said that its wholly owned subsidiary, Binastra Builders Sdn Bhd, has accepted a RM268 million contract from TNJ Development Sdn Bhd for main building works of a proposed 45-storey suite apartment block in Jalan Segambut, Kuala Lumpur. The project comprises 1,269 residential units, podium parking, recreational facilities, and a guardhouse. Construction is…
Read MoreThe latest contract also marks another step in expanding Binastra’s presence in the Klang Valley. So far this year, the company has secured RM976.9 million worth of new contracts. KUALA LUMPUR (June 11): Binastra Corporation Bhd (KL:BNASTRA) on Wednesday said it has secured a contract worth RM268 million to build serviced apartments. The contract, involving…
Read More“Without a clear master plan led by the government, redevelopment risks becoming messy, disjointed, and even socially divisive,” said Mohamed Rafick. KUALA LUMPUR (June 11): The Kuala Lumpur Local Plan 2040 (KLLP2040) has been gazetted and comes into effect today. It will be officially launched by the Prime Minister on June 24. Kuala Lumpur Mayor…
Read MorePLUS, Yinson GreenTech to develop integrated retail and EV charging hub at Seremban R&R The EV hubs are designed to support Malaysia’s net-zero carbon emissions goal by 2050, as outlined in the National Energy Transition Roadmap, and will play a key role in reinforcing the country’s EV infrastructure network along key travel routes. KUALA LUMPUR…
Read MoreMaming Group appoints UCSI Binarestu as property manager for UC Square, future developments The move underscores Maming Group’s intent to ensure a professional standard of property management across its growing portfolio. KUALA LUMPUR (June 10): Maming Group, via its subsidiary Maming Development (UC) Sdn Bhd, has appointed UCSI Binarestu Sdn Bhd as the property manager…
Read MoreUnder the termination agreement, NMCSB must refund Radium its RM14 million deposit paid earlier, along with interest at a rate of 10% per annum, calculated daily. KUALA LUMPUR (June 10): Property developer Radium Development Bhd (KL:RADIUM) has decided to cancel its plan to jointly develop a plot of land in Kuala Lumpur with landowner N&M…
Read MoreKUALA LUMPUR (June 9): Andara (pictured), which is Sime Darby Property Bhd’s final landed residential project in Ara Damansara, recorded an 85% take-up rate to date since its launch on April 27. The development comprises 20 units of three-storey freehold, semi-detached homes on a 2.85-acre parcel of land. Each unit offers a built-up area ranging…
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