KUALA LUMPUR (Oct 23): Even if it is against the state’s interest, the land title for the Duta enclave — the 263.27-acre (106.54-hectare) land in Mukim Batu that currently hoses various government complexes and facilities — has to be transferred back to Semantan Estate (1952) Sdn Bhd as it is the right thing to do,…
Read MoreLim (third from left) received the award from Nga (third from right) while (from left) Yeah, Yu, Chan and Jayaselan look on. PETALING JAYA: LBS Bina Group Bhd (LBS) has won the Top-of-the-Chart Award at the MDA 2024, underscoring LBS’s on-going dedication to developing innovative and high-quality properties while advancing sustainable and responsible practices. Group…
Read MoreKUALA LUMPUR (Oct 22): KIP Real Estate Investment Trust (KL:KIPREIT) reported a 3% decrease in its net profit to RM10 million for the first quarter ended Sept 30, 2024 (1QFY2025), from RM10.39 million, dragged by higher operating expenses, as well as higher manager’s management fee and borrowing cost. For 1QFY2025, the REIT declared a distribution…
Read MoreKUALA LUMPUR (Oct 22): The government has reached 89% of the target for the construction of 500,000 affordable homes, with 443,259 units completed, under construction, or planned across the country as of September. The Ministry of Housing and Local Government said that the remaining 56,741 affordable housing units are expected to be completed by the end…
Read MoreKUALA LUMPUR (Oct 22): Gamuda Bhd (KL:GAMUDA) and its joint-venture (JV) partners have been awarded a RM4.3 billion main design and build contract by the Department of Rapid Transit Systems, New Taipei City Government, to deliver the Xizhi Donghu Mass Rapid Transit (MRT) in Taiwan. “With a significant 75% share within the JV, Gamuda’s share…
Read MoreKUALA LUMPUR (Oct 22): Master Builders Association Malaysia (MBAM) said it is opposed to the government’s plan to introduce mandatory Employees Provident Fund (EPF) coverage for non-citizen workers. While acknowledging the rationale behind safeguarding the retirement savings of foreign workers, the association said the proposal will have significant cost implications, especially for the construction sector….
Read MoreKuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif: “The direct allocation given to DBKL is the budget for sinkholes, amounting to RM10 million. This will allow us to conduct a utility mapping study in the golden triangle in this city.” KUALA LUMPUR (Oct 19): Kuala Lumpur City Hall (DBKL) will utilise the RM10 million…
Read MoreKUALA LUMPUR (Oct 21): The government’s desire to create a livable and humane People’s Housing Programme (PPR) can be achieved through home purchase tax incentives and provisions for maintenance and upgrading projects as announced under Budget 2025. Universiti Putra Malaysia’s Faculty of Design & Architecture senior lecturer Assoc Prof Dr Mohd Zairul Mohd Noor said…
Read MoreKUALA LUMPUR (Oct 21): The escalating frequency of floods in Malaysia has become a pressing concern for both residents and policymakers. Deputy Prime Minister and Minister of Rural and Regional Development, Datuk Seri Dr Ahmad Zahid Hamidi, stated that the Northeast Monsoon season is anticipated to arrive earlier than previously predicted because of climate change,…
Read MoreKUALA LUMPUR (Oct 18): The Ministry of Housing and Local Government (KPKT) is grateful that 14 of its financial initiatives have been approved by Budget 2025. These include RM200 million for maintenance of the low cost public housing, RM289 million to construct and upgrade markets, RM100 million for Madani recreational parks and nearly RM1 billion…
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