KUALA LUMPUR (Oct 24): It is hard to imagine that there are pockets of areas around the city centre that still maintain low prices for subsales. Sentul is one such rare gem, being a neighbourhood that still strikes a balance between budget and location. With a healthy supply of low-density subsale projects in close proximity…
Read MoreKUALA LUMPUR (Oct 22): SkyWorld Development Bhd won multiple awards at the QUEST 2024 event organized by the Construction Industry Development Board (CIDB) Malaysia, today. SkyWorld’s The Valley, SkySierra at Setiawangsa, took home the coveted “Anugerah Utama,” and was recognized for excellence in MyCREST (Malaysian Carbon Reduction and Environmental Sustainability Tool), QLASSIC (Quality Assessment System…
Read MoreKUALA LUMPUR (Oct 23): Glomac Bhd (KL:GLOMAC) is currently in talks with respective parties to venture into the waste-to-energy business, as part of its plan to seek new sources of revenue, according to group managing director and chief executive officer Datuk Seri FD Iskandar Mohamed Mansor. “We also have to get the buy-in from the…
Read MoreKUALA LUMPUR (Oct 23): The government is in the process of finalising sustainable development guidelines for data centres, which will become one of the conditions for applying for government incentives. The guidelines will include a set metric for carbon usage effectiveness (CUE) to measure carbon emissions from data centres, alongside power usage effectiveness (PUE) and…
Read MoreKUALA 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 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 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…
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