KUALA LUMPUR (Jan 6): Construction outfit Kerjaya Prospek Group Bhd (KL:KERJAYA) has bagged a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd (E&OE) to undertake construction works in Elmina West, Shah Alam, Selangor. In a filing with Bursa Malaysia on Monday, Kerjaya Prospek said the scope of the project, clinched through its wholly…
Read MoreKUALA LUMPUR (Jan 6): AFFIN BANK Bhd (AFFIN) has launched its Mbassador programme, a new initiative to distribute its mortgage products and services, including both conventional and Islamic. The event also celebrated the appointment of real estate agencies, negotiators and property industry specialists as official AFFIN Mbassadors, offering members various benefits including enhanced customer service…
Read MoreKUALA LUMPUR (Jan 2): The developer of the water retention pond next to the Taman Seri Alam, Saujana Utama, residential area is considering offering ex-gratia (goodwill) compensation to residents affected by the collapse of the bund last Saturday. Selangor Infrastructure and Agriculture Committee chairman Datuk Izham Hashim, said a meeting will be held on Thursday…
Read MoreProperty stocks may see rising valuations as investors watch for recurring income, says RHB IB In particular, developers with growing recurring income and investment portfolios may see rising investor interest, the research house said in a sector note. While valuations of big-cap property stocks will likely stay elevated, some smaller-cap quality developers may catch up,…
Read MoreMinister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa: “We will maintain the distinctive Malay characteristics. Kampung Baru is rich in history and famous for its traditions [such as] its food. Therefore, we must be cautious in developing it, taking these factors into consideration.” KUALA LUMPUR (Jan 3): Any development in Kampung Baru…
Read MoreBy Joseph Wong As Donald Trump prepares to assume the US presidency once more on Inauguration Day, historically held on Jan 20, experts are closely analysing the potential global economic ripple effects, including those on Malaysia. With policies likely to intensify trade tensions with China, Malaysia’s economy stands to gain significantly. According to global property…
Read MoreBy Joseph Wong Malaysia’s cargo ports have set a new benchmark in 2024, achieving record-breaking levels of activity. This unprecedented performance not only bolsters the economy but also has significant implications for the real estate market, spurring growth in industrial, residential and commercial sectors across the nation. “In total, we estimate that Malaysian cargo ports…
Read MoreHBA opines there is no need for a URA legislation, which would simply be opening another can of worms, as KPKT is still not up to the mark in resolving the spate of “late, sick” and worse of all “abandoned” housing projects. The National House Buyers Association (HBA) has written numerous articles on the repercussion,…
Read MoreKUALA LUMPUR (Jan 2): Ecobuilt Holdings Bhd (KL:ECOHLDS) has until Jan 8 to submit its annual report for the financial financial year ended Aug 31, 2024, failing which the trading of its securities will be suspended the following day (Jan 9). The loss-making construction cum property firm has failed to submit the annual report —…
Read MoreKUALA LUMPUR (Dec 31): KLCC Property Holdings Bhd’s (KLCCP) (KL:KLCC) wholly owned unit Suria KLCC Sdn Bhd has upsized its sukuk murabahah programme to RM2 billion from RM600 million. This came after the programme’s RM600 million issuance on Dec 31, 2014 matured on Tuesday, according to the group’s bourse filing. On the same day, Suria…
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