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Property News

WCSC 2024: Socioeconomic, cultural impact of urban regeneration has to be factored into projects

Sep 13, 2024

WCSC 2024: Socioeconomic, cultural impact of urban regeneration has to be factored into projects Urban regeneration should increase social value, boost economic growth, and improve infrastructure, within the context of a city’s cultural landscape. KUALA LUMPUR (Sept 12): Innovative urban regeneration should be a holistic process that increases social value, boosts economic growth, and improves…
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CPI Land launches Tuan Heritag3 in the heart of KL

Sep 13, 2024

All units are semi furnished with 3 bedrooms and 2 bathrooms, and have selling prices starting at RM511,400. KUALA LUMPUR (Sept 13) CPI Land has officially launched Tuan Heritag3, the latest development in the Tuan Series. Strategically located in Segambut, Tuan Heritag3 offers luxury condo units with built-ups of 820 to 1,026 sq ft. All…
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Chin Hin founder Chiau Beng Teik ceases to be substantial shareholder in NCT Alliance

Sep 13, 2024

Chin Hin founder Chiau Beng Teik ceases to be substantial shareholder in NCT Alliance Following the disposal, Chiau’s shareholding in NCT has fallen to 74.94 million shares or a 4.48% stake — below the 5% threshold required to be deemed a substantial shareholder. KUALA LUMPUR (Sept 12): Chin Hin Group Bhd (KL:CHINHIN)’s founder Datuk Seri…
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Binastra’s 2Q net profit jumps on higher construction work activities

Sep 13, 2024

KUALA LUMPUR (Sept 12): Binastra Corp Bhd (KL:BNASTRA) said on Thursday its second-quarter net profit rose 171.4% from a year earlier, as higher construction work activities and commencement of five new projects during the period led to its revenue surging 157.5% to RM230.9 million. Net profit for the quarter ended July 31, 2024 was RM22.86…
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Ecobuilt, hit with winding-up petitions, bags RM190m construction project

Sep 13, 2024

KUALA LUMPUR (Sept 12): Ecobuilt Holdings Bhd (KL:ECOHLDS), which is under an ad-interim liquidator, said on Thursday that it has bagged a RM190 million contract to undertake a construction job. The construction company — formerly known as M-Mode Bhd — however, did not provide any details about the project in its bourse filing. The company…
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L&G Group Set to Launch New Affordable Projects

Sep 12, 2024

L&G managing director Low Gay Teck (right) answering questions from the media as chief financial officer Benjamin Leong looks on. KUALA LUMPUR: L&G Group is gearing up for a series of new launches, starting with the affordable serviced apartment project, Kamelia @ Bandar Sri Damansara, featuring 602 units with an estimated gross development value (GDV)…
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High Court grants stay over registration of Semantan Estate

Sep 12, 2024

KUALA LUMPUR (Sept 12): The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd. There are special circumstances due to the presence of government agencies and…
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Launches and sales increased slightly in 1H2024, but higher construction costs stifling growth — Rehda survey

Sep 12, 2024

Launches and sales increased slightly in 1H2024, but higher construction costs stifling growth — Rehda survey Almost half the respondents reported having unsold completed residential units, citing the top reasons as loan rejection, low demand and bumiputera lots. KUALA LUMPUR (Sept 12): The Malaysian property market exhibited mixed signals in the first half of 2024…
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WCSC 2024: Need for more comprehensive legal framework to address issues like land acquisition, property management

Sep 11, 2024

WCSC 2024: Need for more comprehensive legal framework to address issues like land acquisition, property management “Cross-disciplinary efforts between government, private sector and local communities are crucial in urban regeneration’s long term success, and to establish a framework that prioritises public interest.” KUALA LUMPUR (Sept 11): Urban regeneration offers an opportunity to build back better,…
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Sales gallery for Radium Arena @ Old Klang Road officially opened

Sep 11, 2024

With a gross development value (GDV) of approximately RM550 million, Radium Arena also recently earned the Provisional GreenRE Certification (Gold) for its sustainable design and innovative green features. KUALA LUMPUR (Sept 10): Radium Development Bhd today opened its Radium Arena sales gallery to all who want to preview the Old Klang Road development. With a…
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