Contributed 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…
Read MoreCIDB Malaysia chairman Yusuf Abd Wahab said that the ICW and BuildXpo 2025 will unite industry leaders to explore cutting-edge solutions and strengthen regional ties while expanding opportunities for Malaysian construction firms to compete and thrive in global and emerging markets. KUALA LUMPUR (Feb 27): The International Construction Week (ICW) and the Malaysia International Building…
Read MoreKUALA LUMPUR (Feb 25): OCR Group Bhd (KL:OCR) has launched the first phase of its latest high-rise residential development named Kyra Collection in U9 Shah Alam, Selangor, according to a press statement on Tuesday. The first phase of the development called Residensi Akasia is part of the Rumah Selangoku affordable housing scheme and offers a…
Read MoreParagon Pinnacle Sdn Bhd, a subsidiary of EcoWorld, agreed to sell 58.187 acres of industrial land in Eco Business Park V to Pearl Computing, an affiliate of Google. KUALA LUMPUR (Feb 25): Eco World Development Group Bhd (KL:ECOWLD) said on Tuesday it has signed agreements to sell a land for RM266.1 million and build a…
Read MoreSime Darby Property delivers strongest financial and operational performance in FY2024 Sales reached an all-time high of RM4.1 billion, exceeding the FY2024 target by 17%, underscoring the group’s ability to deliver products that meet evolving customer needs. PETALING JAYA (Feb 26): Sime Darby Property Bhd delivered its strongest financial and operational performance to date, marking…
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