KUALA LUMPUR (June 26): Radium Development Bhd on Monday (June 26) officially launched Desa East Residence in Sungai Besi, Kuala Lumpur. The residential development carries an approximate gross development value (GDV) of RM1 billion. Sitting on a 9.77-acre plot of land in Sungai Besi, Desa East Residence comprises two components, namely Vista Adesa Residensi Wilayah…
Read MoreKUALA LUMPUR (June 26): IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corp Bhd, has been awarded a RM653.6 million contract for the design, execution and construction of Phase 1 of the Shah Alam International Logistics Hub in Selangor. The project, commissioned by Global Vision Logistics Sdn Bhd, will establish the country’s first…
Read MoreKUALA LUMPUR (June 26): Sime Darby Property Bhd achieved 85% take-up for its recently launched Laman Idaman shop offices in its Bukit Jelutong township development, Shah Alam, Selangor. Offering six lots of sizes ranging from 22ft by 70ft to 40ft by 70ft and built-ups of 3,079 sq ft to 6,914 sq ft, the 35 units…
Read MoreKUALA LUMPUR (June 24): Another of IJM Land’s residential developments in the Pantai Sentral Park integrated development, Riana Trees Residences, is being launched this weekend (today and tomorrow). This comes after the successful launches of its earlier two residential developments within Pantai Sentral Park, Inwood Residences and Secoya Residences. Both projects have been fully taken…
Read MoreKUALA 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 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 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 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…
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