Lower-priced homes suffer from too many regulations. The Malaysian construction and housing industry is subject to level upon level of laws, policies and guidelines. It is considered one of the most highly regulated sectors because these standards are imposed at federal, state and local government levels, adding to compliance costs for the industry. Controls and…
Read MoreCaption: At the signing ceremony were (from left) Zafidi , Lee, Mohd Nazri and Zulkarnain. KUALA LUMPUR: Urban property developer SkyWorld Development Bhd’s (SkyWorld) wholly-owned subsidiary Aspirasi Cekap Sdn Bhd (ACSB) has entered into a joint development agreement with PR1MA Corporation Malaysia (PR1MA) to develop affordable homes on a 1.97-acre leasehold land in Brickfields, Kuala…
Read MoreKENANGA Investment Bank Bhd (Kenanga Research) continues to maintain its underweight stance on the Malaysian property sector, reflecting ongoing challenges such as oversupply, high household debt and weak consumer sentiment. Despite a more optimistic outlook on some mid-to-small cap developers in the third quarter of 2024 (3Q24), larger companies, particularly those listed on the FTSE…
Read MoreThe project involves the development of Phase 3 of Arundina which consists of 130 units of double-storey semi-detached houses and a unit of Tenaga Nasional Bhd (KL:TENAGA) substation located specifically in Setia Alam. KUALA LUMPUR (Oct 9): Construction firm Kumpulan Kitacon Bhd (KL:KITACON) on Wednesday said it has secured a contract worth RM64.05 million to…
Read More“Today, we recognise that youth voices must not only be heard, but amplified. Our cities need the innovation, creativity and energy that young people bring to the table.” GEORGE TOWN (Oct 6): The Ministry of Housing and Local Government (KPKT) is committed to empowering youth as leaders, innovators and decision-makers in housing and urban development,…
Read MoreNestled along approximately 630m of lake frontage, these lakeside homes range from 1,900 to 3,600 sq ft. PUCHONG (Oct 7): Selangor Dredging Bhd has launched its latest lakeside residential development, Senai, located in Taman Putra Perdana, Puchong. Senai offers homebuyers three-storey strata terraced houses, providing a blend of quality, comfort, and sustainability. Nestled along approximately…
Read MorePR1MA Corp Malaysia partners CelcomDigi to provide digital solutions for PR1MA projects Under the MOU, CelcomDigi and PR1MA’s wholly owned subsidiary, PR1MA Communications Sdn Bhd, will collaborate to provide fibre-to-the-home and fixed wireless access solutions to PR1MA projects. KUALA LUMPUR (Oct 7): PR1MA Corp Malaysia and CelcomDigi Bhd (KL:CDB) signed a memorandum of understanding (MOU)…
Read MoreKUALA LUMPUR (Oct 4): OCR Group Bhd (KL:OCR) said the group is suing Kumpulan Jetson Bhd (KL:JETSON) over alleged breaches of a RM88.03 million contract to build four blocks of serviced apartments in Jalan Yap Kwan Seng, Kuala Lumpur. In a filing with Bursa Malaysia on Friday, the property developer said the lawsuit was filed…
Read MoreWith a budget of RM50 million, the four-acre retail park will offer shopping and dining experiences catering to both locals and tourists. The project is expected to be completed in the first quarter of 2025. KUALA LUMPUR (Oct 4): M&M Ventures Holdings Sdn Bhd, through its affiliated company M&M Construction Sdn Bhd, has announced the…
Read MoreRehda Institute unveils third edition of Strata Management Handbook highlighting sustainability, updated laws Rehda Institute: “Sustainable strata management is not just about your building being green certified, it’s much more, for example, having a proper waste management system.” PUTRAJAYA (Oct 4): Rehda Institute unveiled the third edition of its Strata Management Handbook titled Comprehensive Guide…
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