KUALA LUMPUR (Oct 15): The full results of the land subsidence incident in Jalan Masjid India and geotechnical assessment report in the surrounding area are in the final stages of being reviewed by the relevant agencies, including the Royal Malaysian Police (PDRM) and Kuala Lumpur City Hall (DBKL). Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha…
Read MoreThey hope Malaysia to adopt policies that not only address immediate housing concerns but also lay the groundwork for a sustainable and equitable future in the property market by GLORIA HARRY BEATTY PROPERTY industry leaders are urging the government to prioritise strategic initiatives in Budget 2025 that enhance housing accessibility and sustainability, particularly for first-time…
Read MoreKUALA LUMPUR (Oct 12): The Tourism, Arts and Culture Ministry (Motac) has launched an investigation to identify Malaysia My Second Home (MM2H) agents responsible for spreading misinformation regarding the programme. Its minister, Datuk Seri Tiong King Sing (pictured), stated that this action followed complaints from applicants, including claims that the programme is not yet operational…
Read MoreAt the topping out ceremony were (from fourth left) Gan, Beh and Tee as well as Wong (third from right) with the Eupe and TCS Construction. KUALA LUMPUR: Eupe Corporation Bhd (Eupe) recently marked a significant milestone with the topping-out ceremony of its latest project, Helix2 @ PJ South, a major step in the company’s…
Read MoreKUALA LUMPUR (Oct 14): Transport Minister Anthony Loke (pictured) has dismissed claims that the government is planning to introduce inheritance tax in Budget 2025 scheduled to be tabled on Friday (Oct 18). Loke said he had never heard of such a proposal in cabinet meetings, stated a number of reports. Loke, who is also DAP…
Read MoreHowever, 169 of these ongoing projects were experiencing delays or difficulties, according to the AG’s statement regarding the AG’s Report 3/2024 on the federal government’s financial statements for 2023, presented in Parliament on Monday. KUALA LUMPUR (Oct 14): A total of 3,942 projects, or 45.9% of the 8,593 development projects under the 12th Malaysia Plan…
Read MoreEffective TOD requires not only inter-agency cooperation but also partnerships between local authorities and developers. KUALA LUMPUR (Oct 14): A comprehensive and progressive approach to urban planning will be the cornerstone of the National Planning Congress (NPC) 2024, as stakeholders gather to discuss innovative solutions for Malaysia’s rapidly growing cities. While national planning frameworks are in…
Read MoreKUALA LUMPUR (Oct 11): Gadang Holdings Bhd (KL:GADANG) is disposing of a leasehold land in Damansara Perdana for RM65 million to partially finance its existing construction projects and repay borrowings. “The key rationale for the proposed disposal is to strengthen Gadang Group’s cash flow position and to reallocate its cash flow to its ongoing and…
Read MoreBoosting connectivity and development via infrastructure upgrade investments in transportation, utilities and urban redevelopment. The Penang Light Rail Transit (LRT), phase 1 of the Pan Borneo Highway, the Sarawak-Sabah Link Road (SSLR), the Green Line of the Kuching Urban Transportation System and MRT3 all share one commonality: they are included in Budget 2024’s RM90 billion…
Read MoreHigh Court bins Projek Muara’s bid to strike out claim by purchasers of abandoned Empire Remix The Edge reported last year that the High Court had set aside a corporate voluntary arrangement (CVA) by True Renaissance Development Sdn Bhd for the Empire Remix development. KUALA LUMPUR (Oct 10): The High Court on Thursday dismissed 31…
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