KUALA LUMPUR (June 24): SkyWorld Development Bhd is setting “new standards” with its latest completed development, The Valley Residences located in Setiawangsa. The Valley Residences will be the highest residential building built by SkyWorld to-date and the tallest residential building in Setiawangsa, stated the developer in media release. With a gross development value of RM761…
Read MorePRIME Minister (PM) Datuk Seri Anwar Ibrahim today announced owners of affordable housing in the Federal Territory of Kuala Lumpur (KL) will be given a 25% reduction of their property assessment tax. He said the discount will affect more than 25 thousand owners under the Rumah Mampu Milik Wilayah Persekutuan (Rumawip), PR1MA, Perumahan Penjawat Awam Malaysia…
Read MoreKUALA LUMPUR (June 23): Retaining walls in Malaysia have been peppering news reports with frequent incidents of failures and landslides. In the latest incident at Wisma YPR, a life was lost. It was just last month, but overtaken by other concerns, most of us have probably pushed the episode to the back of our memories….
Read MoreKUALA LUMPUR (June 23): Sunway Real Estate Investment Trust (SunREIT) has joined forces with HSBC to execute its first sustainability-linked cross currency swap (CCS) in Malaysia, which is worth RM200 million. In a jointly issued statement on Friday (June 23), the parties said the CCS hedges both the currency and interest rate risks of SunREIT’s…
Read MoreKUALA LUMPUR (June 22): Mah Sing Group Bhd is confident of achieving its 2023 sales target of RM2.2 billion property sales, having locked in RM600.6 million sales in the first quarter of 2023 (1QFY2023). Founder and group managing director Tan Sri Leong Hoy Kum said the property developer remains committed to its strategic focus on…
Read MoreKUALA LUMPUR (June 22): Mah Sing Group Bhd has named former navy chief Admiral (R) Tan Sri Abu Bakar Abdul Jamal as its chairman. In a bourse filing on Thursday (June 22), the property developer said the appointment is effective Aug 1, 2023. Abu Bakar was the 10th chief and the first four-star admiral of…
Read MoreKUALA LUMPUR (June 22): Eco World Development Group Bhd recorded RM2.4 billion sales in seven months of FY2023, representing 68.5% of the group’s FY2023 sales target. This is higher than the RM2.17 billion recorded in the same period of FY2022, the developer announced in a media release today. Demand for the products of Eco Business…
Read MoreKUALA LUMPUR (June 22): Career changes are never easy and it can be prompted by a myriad of reasons. One case in point is CID Realtors Sdn Bhd real estate negotiator Daniya Subramaniam, 42. Armed with a Bachelor of Arts (Honours) and Master of Arts in Marketing from the UK, she started off in the…
Read MoreKUALA LUMPUR (June 21): Glomac Bhd’s net profit fell 15.58% to RM13.92 million for its fourth quarter ended April 30, 2023 (4QFY2023), from RM16.49 million a year earlier, mainly due to higher expenses and finance costs. Administrative expenses rose to RM5.13 million from RM3.39 million in 4QFY2022, other operating expenses increased to RM8.12 million from…
Read MoreKUALA LUMPUR (June 22): Buying a house is one of the biggest purchases many of us will make in our lifetime. So, it pays to start planning early. You will need a “financial roadmap” towards your first property purchase. The real cost of buying a home When buying a house, it is essential to consider…
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