KUALA LUMPUR (July 7): RHB Research maintained its Overnight Policy Rate (OPR) forecast at 3.25%, in contrast with most other economists who see Bank Negara Malaysia holding on to the 3% key borrowing rate until the end of the year. “Our reading of the central bank’s move to hold the OPR steady is partly due…
Read MoreKUALA LUMPUR (July 7): Gamuda Bhd and VTAR Institute (VTAR) have signed a memorandum of understanding (MOU) to launch a new technical and vocational education and training (TVET) course for next-generation (next-gen) Digital Industrialised Building System (Digital IBS). In a press statement on Friday (July 7), Gamuda noted that this RM30 million partnership will see…
Read MoreProperty developer has raised just short of RM1 billion from two land sale transactions in the last month. SP Setia Bhd’s recent moves to dispose land parcels in Tebrau, Johor, and Semenyih, Selangor, has been given the thumbs up by research houses. (SP Setia pic) PETALING JAYA: Research houses have welcomed SP Setia Bhd’s move…
Read MoreKUALA LUMPUR (July 6): Property developer Mah Sing Group Bhd will be developing a mixed residential development named M Zenya in Kepong with a total estimated gross development value (GDV) of about RM500 million. M Zenya will be developed under an unincorporated joint venture (JV) agreement with landowner Liberty Triangle Sdn Bhd, where Mah Sing’s…
Read MoreKUALA LUMPUR (July 5): LBS Bina Group Bhd has partnered with a land owner to jointly undertake a RM1 billion gross development value (GDV) mixed development in Sungai Penchala, Kuala Lumpur. The development will be carried out atop six parcels of land measuring 6.97 acres, owned by Saga Tunas Sdn Bhd, in phases over a…
Read MoreKUALA LUMPUR (July 6): Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 3%. This came in line with the expectations of most economists, who opined that nine months of easing inflation, together with the central bank’s recent ringgit intervention, provided some reprieve for the central bank’s new governor Datuk…
Read MoreKUALA LUMPUR (July 6): UEM Sunrise Bhd took five awards at the Asia Pacific Property Awards 2023-2024 (APPA) held in Bangkok last month. UEM Sunrise’s The MINH Mont’Kiara won two five-star awards for the Best Landscape Architecture and Best Residential High Rise Architecture, as well as being the winner for the Residential High-Rise Development under…
Read MoreThis is SP Setia’s second attempt to dispose of the Tebrau land to the Scientex group. In May 2021, SP Setia announced the proposed disposal of its land in Tebrau, Johor, to Scientex’s wholly-owned subsidiary Scientex Quatari for RM518.15 million. However, the deal subsequently fell through. PETALING JAYA: Property developer SP Setia Bhd has proposed…
Read MoreKUALA LUMPUR (July 4): After six years, property development and construction firm TWL Holdings Bhd, formerly known as Tiger Synergy Bhd, has decided to scrap its plans to jointly develop a residential and/or commercial development in Klang, Selangor, with LJ Development (KL) Sdn Bhd. In a filing with Bursa Malaysia on Tuesday (July 4), TWL…
Read MoreKUALA LUMPUR (July 4): Minister of Local Government Development (KPKT) Nga Kor Ming said his ministry is pushing for the enactment of a new law, the draft of which will be tabled soon, to speed up the redevelopment of old properties for urban renewal. In Kuala Lumpur alone, there are 139 aged and poorly maintained…
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