Vizione said that the termination of the contract is not expected to have any material impact on the company’s earnings or net assets in the near term. KUALA LUMPUR (April 30): Vizione Holdings Bhd (KL:VIZIONE) said on Wednesday that a RM750 million construction contract awarded by a related party has been terminated, effective immediately. The…
Read MoreKUALA LUMPUR (April 29): Property developer EcoFirst Consolidated Bhd (KL:ECOFIRS) swung to a net profit in the third quarter ended Feb 28, 2025 (3QFY2025), driven by stronger progress in its KL-48 project, which lifted revenue. The group reported a net profit of RM6.32 million for 3QFY2025, compared with a net loss of RM5.48 million in…
Read MoreMalton launches final phase of Bukit Jalil City with Park Green Pavilion serviced apartment This low-density, freehold project is directly connected to Pavilion Bukit Jalil Mall and is in proximity to the 80-acre Bukit Jalil Recreational Park. KUALA LUMPUR (April 29): Malton Bhd (KL:MALTON) has officially launched Park Green Pavilion Bukit Jalil, a high-rise serviced…
Read MoreBy Joseph Wong The Ministry of Housing and Local Government (KPKT) has pushed back its plans to table the Urban Renewal Act, a legislative move aimed at rejuvenating ageing urban developments across the country, to next year. The delay could prove beneficial, offering for the involved parties additional time to refine and strengthen the proposed…
Read MoreKUALA LUMPUR (April 30): The proposed Urban Renewal (PSB) Act will provide homeowners the opportunity to obtain new, more comfortable, spacious, and livable replacement units, says Housing and Local Government Minister Nga Kor Ming. He said this was in line with the “no less favourable” condition stipulated under the Act, which allowed homeowners to receive…
Read MoreKUALA LUMPUR — Prime Minister Datuk Seri Anwar Ibrahim has called for the timely completion of the MADANI Youth Housing and Affordable Housing Project in Mukim Batu here to ensure that homeowners do not experience unnecessary delays. He said that any issues arising from the regulations and approvals related to the project must be addressed…
Read MoreOriental Interest sees 160% rise in 2Q profit, declares special dividend of 20 sen Quarterly revenue increased 35.60% to RM185.32 million from RM136.67 million, driven by higher contribution margins and strong demand for industrial plots in Pulau Indah, as well as Myra Putri, Serai Residensi and Myra Cove. KUALA LUMPUR (April 29): Oriental Interest Bhd’s…
Read More“The suspension is extended until further notice pending Fong’s reply to the show cause and the board’s deliberation on his reply,” HHRG said. KUALA LUMPUR (April 29): HHRG Bhd (KL:HHRG), formerly known as Heng Huat Resources Group Bhd, said that the company has issued a show cause letter to its CEO Fong Chee Khuen. The…
Read MoreKUALA LUMPUR (April 25): Prime Minister Datuk Seri Anwar Ibrahim (pictured) on Friday reiterated that the government’s move to introduce an Urban Renewal Act is rooted in the need to provide better living conditions for Malaysians long trapped in dilapidated housing. Anwar said that the legal status of land involved in the urban renewal projects…
Read MoreBy Joseph Wong Malaysia has quietly made a stunning leap on the global luxury property map. In 2024, the country surged into the fourth position among destinations most enquired about by Chinese high-net-worth individuals (HNWIs) seeking ultra-luxury homes priced at US$5mil (RM22.3mil) and above. This marks a significant rise from being completely off the top…
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