KUALA LUMPUR (July 13): Property legal fees will rise from July 15 onwards with the gazetting of Solicitors’ Remuneration Order 2023 (SRO 2023) which will come into operations on the same day. According to the SRO 2023, the changes will “affect transactions involving non-contentious matters such as the sale and purchase of movable and immovable…
Read MoreKaymakli, an ancient multi-level underground cave city in Turkey. Malaysia still has a long way to go before subterranean development becomes a reality By Yanika Liew As development space becomes more and more scarce, developers around the world are looking to underground land for their projects, but where is Malaysia in this race? “Underground space…
Read MoreAmBank Group offering project financing, and up to RM77 million end financing for residential units in the Arica project. AmBank Group will provide a green financing facility worth RM130 million to Persada Mentari Sdn Bhd to support its property projects in Penang. PETALING JAYA: AmBank Group (AmBank) has provided a green financing facility worth RM130…
Read MoreBanks have no choice but to resort to public auction orders as borrowers struggle to repay their loans. House owners face difficulties selling their properties as they struggle to find borrowers who meet the loan criteria set by banks. PETALING JAYA: The market for property auctions has seen a 20% increase of listings following five…
Read MoreKUALA LUMPUR (July 11): Home-grown building materials wholesaler Unitrade Industries Bhd has proposed to sell a piece of freehold industrial land in Bandar Glenmarie, Shah Alam for RM19.4 million.The 4,794 square metres land, which comes together with a single-storey detached factory annexed with a three-storey office building, is being sold to Conway Terminals Manufacturer Sdn…
Read MoreKUALA LUMPUR (July 11): Mah Sing Group Bhd topped out M Oscar, a condominium project in Sri Petaling, Kuala Lumpur, on Monday (July 10). With a gross development value of RM542 million, M Oscar is a two-tower condominium comprising 910 units and was launched in the fourth quarter of 2019 (4Q2019). The project is currently 76%…
Read MoreKUALA LUMPUR (July 7): Econpile Holdings Bhd has been awarded a contract worth RM35.09 million to undertake the substructure works for a commercial development in Subang Jaya, Selangor. According to Econpile’s bourse filing on Friday (July 7), the construction outfit’s wholly owned unit Econpile (M) Sdn Bhd had received the letter of award from Vestland…
Read MoreKUALA LUMPUR (July 7): Fajarbaru Builder Group Bhd has secured a RM150.89 million contract for the building and related infrastructure works of an 18-storey serviced apartment and retail complex in Shah Alam, Selangor. In a bourse filing on Friday (July 7), Fajarbaru said its wholly owned Fajarbaru Builder Sdn Bhd has accepted the letter of…
Read MoreKUALA LUMPUR (July 10): RHB Investment Bank research has maintained its “neutral” rating on UOA Development Bhd (UOAD) at RM1.58 with a lower target price (TP) of RM1.71 (from RM1.86) and said the developer’s launches are going as planned and UOA Development’s new F&B business should complement its property projects. In a note on Monday…
Read MoreKUALA LUMPUR (July 10): Rakuten Trade has rated SkyWorld Development Bhd a “buy” at 80 sen with a target price (TP) of 96 sen based on the average PER of 8x and P/BV 0.8x. In a note on Monday (July 10), the research house said it expects SkyWorld to register net earnings of RM149.3 million…
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