Delivery of vacant possession without occupancy rights is against public policy, court rules Judge Datuk Ahmad Shahrir Salleh said between developers and purchasers, developers have an unequal advantage in bargaining power, and that delivering vacant possession of a property without allowing the purchasers the right to occupy the property is against public policy — even…
Read MoreHousing and Local Government Minister Nga Kor Ming: “For example, in Terengganu, the development of Pasar Payang Kuala Terengganu received an allocation of RM81.2 million, which covers the construction of a temporary market with an RM12.2 million allocation.” KUALA LUMPUR (Nov 13): The Madani government will continue to upgrade dilapidated public markets nationwide for the…
Read MoreThe company said it will focus on the timely completion of its on-going development projects, monetisation of its inventories and prudent financial management to navigate the evolving market environment. KUALA LUMPUR (Nov 12): GuocoLand (M) Bhd’s (KL:GUOCO) net profit more than halved to RM2.32 million in the first quarter ended Sept 30, 2024 (1QFY2025), from…
Read MoreKUALA LUMPUR (Nov 11): Newly listed KTI Landmark Bhd (KL:KTI) said it has won a sub-contract under the Armed Forces Family Housing (RKAT) construction project at the Labuan Air Base, worth RM49.99 million. In a bourse filing, KTI said the sub-contract was awarded to Jawat Johan Sdn Bhd, and its tenure is 14 months, starting…
Read MoreFajarbaru reveals reason it pulled out of RM192m affordable housing project in Putrajaya The construction and property development outfit revealed that its withdrawal as the developer of the project was due to a change in the requirements made by Perbadanan Putrajaya. KUALA LUMPUR (Nov 12): The reason Fajarbaru Builder Group Bhd (KL:FAJAR) pulled out from…
Read MoreHousing and Local Government Minister Nga Kor Ming: “If fully realised, this will be the first time an affordable housing development goal has been achieved as outlined in a Malaysia Plan.” KUALA LUMPUR (Nov 12): As of Sept 30, 89% of the targeted affordable homes, or 443,259 units, have been completed, are currently under construction…
Read MoreKUALA LUMPUR (Nov 12): UEM Sunrise Bhd has launched HomeClick, a new online platform that aims to simplify and digitise the homebuying process for its customers. Available through UEM Sunrise’s website, the property developer said HomeClick will streamline the process of homebuying in various aspects by allowing users to take virtual tours, reserve desired units,…
Read MoreWith a gross development value (GDV) of RM355.8 million, Sanderling 2 comprises two towers, housing 606 condominium units with built-ups ranging from 958 square feet (sq ft) to 1,711 sq ft. The units come in three-bedroom and 3+1-bedroom configurations. Selling prices start from RM496,000, and the project is expected to be completed by 2Q2028. KUALA…
Read MoreThese units are part of the government-sponsored housing programme. KUALA LUMPUR (Nov 11): Construction and property development outfit Fajarbaru Builder Group Bhd (KL:FAJAR) has pulled out from participating in the affordable housing development in Putrajaya dubbed Residensi Cemara, which is estimated to have a gross development value of RM192 million. No reason was given. In…
Read More“We want to assure all stakeholders that we have adhered strictly to all health and safety standards and protocols throughout the construction process,” Tee said. KUALA LUMPUR (Nov 11): Construction services firm TCS Group Holdings Bhd (KL:TCS) said on Monday it is working with the developer and consultants to investigate cracks at the J Satine…
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