The campaign will run from July to December 2023. In meeting the people’s aspiration to own their own homes and properties, Paramount Property, as the people’s developer, is now also offering property buyers the chance to win big prizes every month with the Big Mega Win campaign. In an expanding economy, Paramount anticipates that many…
Read MoreIncreased optimism for 1H2024, despite neutral outlook for the rest of 2H2023 by developers — Rehda Having emerged from the pandemic a year ago with everything continuing to normalise and getting better, and with elections out of the way, developers are optimistic about the next year. PETALING JAYA (Aug 18): The property market is gradually…
Read MoreKUALA LUMPUR (Aug 18): The exit and entrance to the Elmina Interchange on both bounds from the Guthrie Corridor Expressway (GCE), which were closed following the aircraft crash a day earlier, have been reopened to highway users since 3.40pm on Friday (Aug 18). Prolintas Group of Companies in a statement said the reopened routes involve…
Read MoreKUALA LUMPUR (Aug 17): The exit and entrance to Elmina Interchange (Exit 3504) on both bounds from the Guthrie Corridor Expressway (GCE) will be fully closed until work to clear the air crash site and investigation have been completed. Prolintas Group of Companies (Prolintas) said on social media that as an alternative to Elmina from…
Read MoreKUALA LUMPUR (Aug 17): Plenitude Bhd, which owns 10 hospitality assets, is acquiring its second hotel in South Korea for 32 billion won (RM114.3 million), in a bid to expand its footprint there. The company said its first hotel in that country, Travelodge Myeongdong Euljiro, has been registering an occupancy rate of above 80% and…
Read MoreKUALA LUMPUR (Aug 17): Puncak Niaga Holdings Bhd is selling three parcels of leasehold land in Selangor for RM306.07 million cash, to monetise its assets as part of the group’s “broader strategic thrust of sustainable value creation” for its shareholders. The group is expected to record a net loss of about RM22.4 million from the…
Read MoreKUALA LUMPUR (Aug 17): Sunway Real Estate Investment Trust (Sunway REIT)’s net property income (NPI) for the second quarter ended June 30, 2023 (2QFY2023) increased by 8.7% to RM116.18 million from RM106.89 million a year earlier, primarily driven by its hotel, retail, services as well as industrial and other segments. Quarterly revenue grew 15.2% to…
Read MoreKUALA LUMPUR (Aug 17): A total of 1,010 affordable housing units, dubbed Residensi Wilayah and Residensi Prihatin Madani in Desa Tasik Sungai Besi here, will be offered to the middle 40% and bottom 40% household income groups (M40 and B40), especially those who cannot afford to buy their own homes. Kuala Lumpur City Hall (DBKL),…
Read MoreKUALA LUMPUR (Aug 18): Kerjaya Prospek Group Bhd saw a 10.6% increase in net profit to RM31.57 million for its second quarter ended June 31, 2023 (2QFY2023), from RM28.54 million a year earlier, as the construction outfit posted a record quarterly revenue for 2QFY2023. In a bourse filing on Friday (Aug 18), Kerjaya Prospek said…
Read MoreKUALA LUMPUR (Aug 17): Hextar Technologies Bhd (HexTech) has agreed to terminate the deal to sell two parcels of land measuring a total of 235,213 sq ft, located in Pasir Gudang and Klang, to SWS Capital Bhd for RM23.66 million. The mutual termination was due to the inability of SWS Capital Bhd’s wholly-owned unit, SWS…
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