KUALA LUMPUR (March 19): Gagasan Nadi Cergas Bhd (GNCB) (KL:NADIBHD) said it has secured an en-bloc sale of 523 affordable housing units in the City of Elmina development in Shah Alam for RM134.41 million. The company’s 70%-owned subsidiary, Nadi Emery Sdn Bhd, accepted the offer letter from the Selangor Housing and Property Board (LPHS), which…
Read MoreKUALA LUMPUR (March 19): Lim Seong Hai Capital Bhd (KL:LSH), which is set to make its debut on the ACE Market this Friday, said its net profit for the first quarter ended Dec 31, 2025 (1QFY2025) rose 19% to RM18.5 million from RM15.5 million a year earlier, lifted by higher gross profit from construction works…
Read MoreKUALA LUMPUR (March 20): Malaysian property developers are optimistic that demand will pick up in the second half of the year, while staying cautious about rising costs of doing business ahead, according to an industry survey. Optimism was at its highest in five years, according to results of a survey by the Real Estate and…
Read MoreKUALA LUMPUR (March 20): The Ministry of Housing and Local Government (KPKT) is set to conduct a visit on April 29 to dilapidated flat sites that urgently require redevelopment. Minister Nga Kor Ming (pictured) said the ministry would invite MPs and Senators, particularly from the opposition, to witness the situation firsthand and better understand the…
Read MoreKUALA LUMPUR (March 20): Due to land scarcity in Kuala Lumpur, the city has increasingly been built vertically. Besides commercial buildings, residential high-rises of all shapes, sizes and attributes compete to offer the best values in the market. So, among more than 1,000 condos in KL, which ones have experienced the greatest appreciation in value…
Read MoreGEORGE TOWN: The State Government, through the Penang Institute, is inviting relevant parties to submit Expressions of Interest (EOI) for the proposed establishment of the Penang International Financial Centre (PIFC). Chief Minister Chow Kon Yeow stated that eligible participants include financial institutions, property developers, industry leaders, and investment firms. “The EOI documents can be obtained…
Read MoreTSR said the contract was awarded by Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund (EPF). KUALA LUMPUR (March 19): TSR Capital Bhd (KL:TSRCAP), a construction and property developer, has been awarded a RM219 million contract by Kwasa Land Sdn Bhd for infrastructure and water reservoir construction at the Kwasa Damansara…
Read MoreKUALA LUMPUR (March 18): Malaysian Resources Corp Bhd (KL:MRCB) has struck a land swap deal with Cyberview Sdn Bhd, in which the Minister of Finance Inc owns a 92.24% stake. The other shareholders of Cyberview — the master developer of Cyberjaya — include Sime Darby Property Bhd (KL:SIMEPROP), with a 5.17% stake, and Permodalan Nasional…
Read MoreKUALA LUMPUR (March 17): The Electric Train Service (ETS) has achieved another milestone in its effort to expand the country’s rail network, with the launch of operations between the Butterworth, Padang Besar and Segamat stations on Saturday. Keretapi Tanah Melayu Bhd (KTMB) chief executive officer Datuk Mohd Rani Hisham Samsudin, in a statement, said the extended ETS service covers…
Read MoreKUALA LUMPUR (March 17): Prime Minister Datuk Seri Anwar Ibrahim has cautioned against any attempts to challenge the government by organising protests against the Urban Renewal Bill (URA). He said the government’s efforts in drafting the Bill are aimed at improving the well-being of the underprivileged, who have been forced to live in rundown, cramped flats with…
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