Avalon will feature a total of 343 units across three home types, with built-up areas ranging from 2,004 to 2,454 sq ft and prices starting from RM784,600 to RM1.02 million. KUALA LUMPUR (July 16): Avaland Bhd (KL:AVALAND) announced that Phase 1 of Avalon, comprising 166 units of Balinese-inspired double-storey homes located within its Cybersouth township…
Read MoreThe five plots, measuring a total 40,340 sqm, come with a nine-year tenancy agreement that generates annual rental income of RM2.3 million. The lease includes a 10% upward rental revision every three years, providing a stable and recurring income stream that is expected to enhance the group’s cash flow visibility and earnings base over the…
Read MoreKUALA LUMPUR (July 15): Selangor Dredging Bhd (KL:SDRED) has launched DaMai, a mid-rise residential development in Taman Melawati, Selangor, that blends landed-home living with the amenities of a condominium. According to a press statement issued on Tuesday, DaMai introduces a “parking at your doorstep” concept that allows residents to access their homes directly by car…
Read More“With their involvement, I am confident that public participation will be wider and more impactful, potentially making history by attracting 100,000 participants in this massive community cleanup campaign.” PUTRAJAYA (July 15): The Ministry of Housing and Local Government (KPKT) will hold engagement sessions with environmental non-governmental organisations (NGOs) to appoint them as strategic partners in the National…
Read MoreThe new anchor tenants are Village Grocer, Miami Beach, Jungle Gym, Ballet Theatre Malaysia, Sport Planet, Playa Racquet Club, La Boca and 91 Sports Arena. KUALA LUMPUR (July 14): Hextar World at Empire City on Monday announced eight new anchor tenants and it is on track to open its doors to the public in the…
Read MoreTackling climate risks amid population growth By Joseph wong As Malaysia’s population grows and urban centres expand, so too does the pressure on the nation’s infrastructure, resources and environment. With rising demand for housing, food, energy and transportation, the looming threat of climate change has turned the conversation from one of development to one of…
Read MoreHo Hup slipped into Practice Note 17 (PN17) status in April after BJD defaulted on RM112.69 million in loan facilities, for which Ho Hup is the guarantor. KUALA LUMPUR (July 10): Ho Hup Construction Company Bhd (KL:HOHUP) has been served with a winding-up petition by the Inland Revenue Board (IRB) over tax arrears amounting to…
Read MoreThis marks the second land acquisition involving Avaland and Tan Chong Group this month. KUALA LUMPUR (July 10): Avaland Bhd (KL:AVALAND) has signed a deal to acquire a 3.194-acre parcel of land on Jalan Putra here from a unit of Tan Chong Motor Holdings Bhd (KL:TCHONG) for RM148.8 million, which it plans to develop into…
Read MoreBank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour: The MPC is not on any pre-set course. Future policy decisions will continue to be guided by the evolving outlook for domestic growth and inflation. KUALA LUMPUR (July 9): Following is the transcript of Bernama’s email interview with Bank Negara Malaysia (BNM) governor Datuk Seri…
Read MoreAmong the analysed projects, six have median asking rental prices that mostly fall under RM2,000–RM4,000, while three projects feature median asking rental prices ranging RM6,001–RM8,000. PETALING JAYA (July 10): The Kuala Lumpur city centre (KLCC), being the heart of the nation’s capital city, has naturally drawn strong demand for its properties. Deemed as a “blue-chip”…
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