KUALA 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 MoreKUALA LUMPUR (Feb 25): The Malaysia My Second Home (MM2H) programme has recorded a total of 58,468 approvals as of Dec 31, 2024, comprising 28,528 principals and 29,940 dependents, said Tourism, Arts, and Culture Minister Tiong King Sing. Of these, 782 applications were approved under the updated MM2H programme, involving 319 principals and 463 dependents….
Read MoreQuarterly revenue rose 15.39% year-on-year to RM158.38 million from RM137.27 million, boosted by progressive profit recognition from ongoing projects such as Bangsar Hill Park, The Chapter in Sunsuria City and Sunsuria Kejora Business Park – Semi D Industrial (Phase 1) in Puncak Alam. KUALA LUMPUR (Feb 25): Sunsuria Bhd’s (KL:SUNSURIA) net profit for its first…
Read MoreKUALA LUMPUR (Feb 25): Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday that the proposed Urban Renewal Act would not result in forced eviction or a change in land status. The lower consent threshold required for an en bloc sale in the proposed legislation would only allow negotiations with property owners to begin, Anwar…
Read MoreKUALA LUMPUR (Feb 25): UOA Development Bhd (KL:UOADEV) has reported its highest quarterly net profit in four years, thanks to higher progressive recognition of its development projects. Net profit for the fourth quarter ended Dec 31, 2024 (4QFY2024) rose 8% year-on-year (y-o-y) to RM128.21 million, from RM118.72 million in the same period last year, the…
Read MoreKUALA LUMPUR (Feb 25): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), announced in a Feb 24 statement that all 400 landed Park Home units of The Clove Phase 1 were taken up across its three township developments in Selangor, namely Gamuda Cove in Sepang, Gamuda Gardens in Kundang, and twentyfive7 in Telok Panglima…
Read MoreKPKT presented 12 commitments to public prosperity during cabinet retreat — Nga Minister Nga Kor Ming said these included achieving the target of 500,000 affordable housing units under the 12th Malaysia Plan, the construction of 5,500 Mesra Rakyat housing units by the National Housing Corporation as well as the MADANI Malaysia Town launch under PR1MA….
Read MoreKUALA LUMPUR (Feb 21): The director of a construction company claims to have lost a massive RM26.6 million after falling victim to a cryptocurrency investment scheme offered through the UVKXE app. Bukit Aman Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said the 74-year-old man, a ‘Datuk’, had lodged a police report in…
Read MoreAccording to the draft, the consent threshold for participation is as follows: 80% for buildings of 30 years, 75% for buildings more than 30 years, and 51% for abandoned buildings. KUALA LUMPUR (Feb 24): The Urban Renewal Bill (URB) is now open for public feedback until March 7. The proposed draft of the Urban Renewal…
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