M Aurora will have an estimated gross development value of RM660 million and offer two-, three- and four-bedroom layouts, with indicative built-up sizes of 702, 852 and 1,005 sq ft respectively. Selling prices start from RM468,800. The project will also offer retail lots, including drive-thru units. KUALA LUMPUR (Nov 7): Mah Sing Group Bhd (KL:MAHSING)…
Read More“With its proximity to the Bukit Gasing hiking trail, residents will be able to enjoy a green environment and outdoor activities,” said Leong. Mah Sing Group Bhd (Mah Sing) has inked its fourth land acquisition of the year: A 5.24-acre of freehold land on Old Klang Road, Kuala Lumpur, for about RM113mil. Following the successful…
Read MoreKUALA LUMPUR (Nov 7): Sentral REIT (KL:SENTRAL), which mainly manages office towers, said on Thursday its net property income rose 25% in the third quarter ended Sept 30, 2024 (3QFY2024) from a year earlier, boosted by revenue from a newly acquired property. Net property income for 3QFY2024 was RM37.6 million, helping to lift net distributable…
Read MoreKUALA LUMPUR (Nov 6): Parkson Holdings Bhd’s (KL:PARKSON) subsidiary, Parkson Retail Group Ltd (PRGL), has secured two major lease agreements in Shanghai and Nanning, China, with a total combined value of approximately RM358.8 million. In a filing with Bursa Malaysia on Wednesday, the company said PRGL’s indirect subsidiary, Shanghai Nine Sea Parkson Plaza Co, Ltd,…
Read MoreThe legal dispute, which started six years ago, centred on the divestment of the land by Star Media to JAKS Resources in 2011, in return for JAKS Resources building a 15-storey office building for Star Media on the site. KUALA LUMPUR (Nov 6): JAKS Resources Bhd (KL:JAKS) on Wednesday said it has agreed to pay…
Read MoreHaving a high credit score can help you get a better mortgage, pay less interest and access to more financing options. No one can dispute the fact that credit scores have proven time and time again to be major determinants in property transactions. In today’s increasingly interconnected world, credit scores have become a crucial factor…
Read MoreThe Department of Statistics Malaysia (DOSM) estimated that Malaysia may become an aged nation by 2030. Malaysia’s population is beginning to age. Our Southeast-Asian nation is undoubtedly experiencing rapid ageing thanks to its growing segment of elderly individuals. This phenomenon is much more pronounced in urban areas, where younger people have migrated away in search…
Read MoreNga calls for global support of people-public-private partnership for sustainable cities Speaking at the 12th World Urban Forum Business Assembly in Cairo, Egypt Housing and Local Government Minister Nga Kor Ming said a better quality of life for the citizens cannot be delivered without the full participation of the private sector. KUALA LUMPUR (Nov 5):…
Read MoreBank Negara Malaysia: “At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of inflation and growth prospects.” KUALA LUMPUR (Nov 6): Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 3% as widely expected as it noted the continued…
Read MoreKUALA LUMPUR (Nov 16): The Employees Provident Fund (EPF) has set aside a provision of RM24 million following an accounting adjustment at its Battersea joint venture (JV) firm. The Ministry of Finance (MOF) said the provision was attributed to EPF’s 20% stake in the JV firm Battersea Project Holding Company Ltd (BPHCL). BPHCL has, in…
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