Giving the thumbs up are Rodziah (sixth from left), Raja Ahmad Shahrir (sixth from right), Amirudin (fifth from right) and dignitaries at the ground-breaking ceremony. SHAH ALAM: Permodalan Negeri Selangor Bhd (PNSB) and MGB Bhd have launched the third phase of the highly successful Rumah Idaman MBI project, namely Idaman Cahaya, at Cahaya Alam, Shah…
Read MoreKUALA LUMPUR – A total of 20,000 first-time house buyers, will benefit from the government guarantees of up to RM5 billion provided through the Housing Credit Guarantee Scheme under Syarikat Jaminan Kredit Perumahan (SJKP). Local Government Development Minister Nga Kor Ming said through the improvement, which provides financing guarantees of up to 120 per cent,…
Read MoreKUALA LUMPUR (July 27): Oriental Interest Bhd (OIB) registered a net profit of RM12.4 million in the third quarter ended May 31, 2023 (3QFY2023), a 42.24% decline from RM21.46 million a year earlier, due to higher staff costs as the group sought further expansion. Earnings per share fell to 2.67 sen from 4.62 sen, the…
Read MoreKUALA LUMPUR (July 28): CGS-CIMB has maintained its “add” rating of Sime Darby Property Bhd at 59 sen, with an unchanged target price of 73 sen, and said it was positive on the developer’s plans to introduce solar solutions for townships by leasing rooftops from homebuyers to instal solar panels, and supply to offtakers. In…
Read MoreKUALA LUMPUR (July 27): The government has announced that it will provide up to RM5 billion in loan schemes under the Housing Credit Guarantee Company (SJKP) to facilitate first-home purchases. Subsequently, the government said that it had improved the SJKP loan scheme, now providing a financing guarantee of up to 120% of the house price…
Read MoreKUALA LUMPUR (July 26): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) fell 7.58% to RM58.43 million in the second quarter ended June 30, 2023, from RM63.23 million a year earlier, due to lower property income, higher expenses and lower gains on financial liabilities. Revenue for the quarter fell 5.6% to RM68.45…
Read MoreKUALA LUMPUR (July 26): Ekovest Bhd has signed a tripartite memorandum of understanding (MOU) with China-based parties to explore cross-border socio-economic strategic collaboration. In a filing to Bursa Malaysia on Wednesday (July 26), Ekovest said it has signed the collaboration agreement with Shenzhen Maoxiong Co Ltd (MX) and Anxi County People’s Government (Anxi). The agreement…
Read MoreKUALA LUMPUR (July 27): The newly appointed chief executive officer of Malaysia Building Society Bhd (MBSB), Rafe Haneef (pictured), said he has not received any official word that Datuk Wan Kamaruzaman Wan Ahmad, formerly the chief executive officer (CEO) of Retirement Fund Inc (KWAP), would be appointed chairman of the enlarged Malaysia Building Society Bhd…
Read MoreEconpile wins RM43m substructure works contract for serviced apartment in Bukit Jalilcon The substructure works are for two blocks of 47-storey serviced apartments comprising 453 units, with existing commercial development comprising a five-storey retail mall and two levels of basement parking. KUALA LUMPUR (July 25): Econpile Holdings Bhd has won a contract worth RM43.38 million…
Read MoreKUALA LUMPUR (July 26): Demand for offices in KL Fringe and KL City submarkets will continue to be high for the second quarter of 2023, according to JLL Property Services (M) Sdn Bhd’s Greater Kuala Lumpur Property Market Monitor 2Q2023. In 1H2023, new supply of four projects were completed, totalling 1.15 million sq ft of…
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