KUALA LUMPUR (March 4): UEM Edgenta Bhd (KL:EDGENTA) has secured a RM40.43 million recurrent, related-party contract to provide traffic management plan and control services for two sections of the Kuala Lumpur-Karak Highway. The contract, awarded by AFA Construction and Engineering Sdn Bhd (AFACE) to UEM Edgenta’s wholly-owned Edgenta Propel Bhd (EPB), is considered a related-party…
Read More“But we are now re-studying whether we could do a whole redevelopment. We will tear down everything and then build a RM900 million GDV project,” Chew said in regards to its newly-acquired Taman U-Thant property. KUALA LUMPUR (March 4): Paramount Corp Bhd (KL:PARAMON) is targeting RM400 million worth of land replenishment deals this year to pave…
Read MoreSime Darby Property confident in data centre expansion despite US semiconductor tariffs Group managing director and chief executive officer Datuk Seri Azmir Merican said the company’s data centre projects are backed by US hyperscale operators, including Google, which qualify for exemptions under US regulations. KUALA LUMPUR (March 3): Sime Darby Property Bhd (SDP) remains confident…
Read MoreThe contract, awarded by Eco Sanctuary Sdn Bhd, covers phases one to four of the proposed Seruma Integrated Development at Eco Santuari, according to a bourse filing. KUALA LUMPUR (Feb 28): Inta Bina Group Bhd (KL:INTA) has secured a RM181 million contract to undertake the construction of a mixed commercial development project in Kuala Langat,…
Read MoreContributed by Datuk Chang Kim Loong A self-help initiative for rejuvenation, renewal and redevelopment efforts should be implemented without the need to legislate the Urban Redevelopment Act (URA), which risks dividing owners into dissenting groups. Instead, successful redevelopment often requires collaboration, legal frameworks and careful planning among property owners and self-sourced developers or building contractors….
Read MoreContributed by Lai Chee Hoe One of the key amendments proposed to introduce to the Strata Management Act 2013 (SMA 2013) and the Strata Management Regulations 2015 (SMR 2015) is the integration of technological advancements for the benefit of Joint Management Bodies (JMBs), Management Corporations (MCs) and strata owners. It is time to establish a…
Read MoreOn the property development segment, Kerjaya said development projects have contributed positively to the group’s results. KUALA LUMPUR (Feb 28): Kerjaya Prospek Group Bhd’s (KL:KERJAYA) net profit rose 21% in the fourth quarter ended Dec 31, 2024 as progress of construction work activities improved. Kerjaya’s net profit for the fourth quarter was RM43.42 million compared…
Read MoreKUALA LUMPUR (Feb 28): Construction and engineering firm Lim Seong Hai Capital Bhd on Friday unveiled the prospectus for its initial public offering (IPO) to raise RM168.08 million as part of its listing transfer from the LEAP Market to the ACE Market. The IPO, priced at 88 sen per share, comprises 132 million new shares…
Read MoreKUALA LUMPUR (Feb 27): REHDA Malaysia is “heartened” by the positive growth as revealed by the National Property Information Centre (NAPIC) in its Property Market Report 2024. It was reported that Malaysia’s property transaction volume and value last year reached their highest levels in a decade last year. In a media release today, REHDA president…
Read MoreGlomac hands over affordable townhouse development in Bandar Saujana Utama to buyers The project comprises 178 landed 2½-storey townhouses, with a lot size of 24ft by 65ft and a built-up area of 1,200 sq ft. Priced at RM250,000 per unit, each home comes with three bedrooms, two bathrooms and a parking bay. KUALA LUMPUR (Feb…
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