Contributed by Chang Kim Loong Rahim’s condominium unit had numerous defects which the developer dismissed as acceptable. Despite following the Defects Liability Period (DLP) process and granting time for repairs, the developer delayed without resolving the issues. Frustrated, Rahim hired a building inspector that he found via the Internet to assess his unit and produce…
Read MoreParamount said the suit is unlikely to impact its finances, as the SPA signed in December 2024 allows TBSB to cancel the deal and claim a refund if legal issues block the transaction. KUALA LUMPUR (April 11): Paramount Corp Bhd (KL:PARAMON) said its 70%-owned unit, Tanah Bayumas Sdn Bhd (TBSB), and two others are being…
Read MoreThe Arden office tower is located within TA Global’s 48-acre Damansara Avenue masterplan, a mixed-use development with direct access to the Sri Damansara MRT station. BANDAR SRI DAMANSARA (April 14): TA Global Bhd has launched a new Grade-A strata office tower, The Arden in Bandar Sri Damansara, Selangor. The commercial site, with a gross development…
Read MoreMagma’s land buy for a Tioman resort lapses after four years, citing unmet conditions The hospitality operator said both agreements — SPA 1 and SPA 2, dated Dec 11, 2020 — had automatically lapsed as of Dec 31, 2024, due to the non-fulfilment of the agreed conditions within the stipulated time frame and the absence…
Read MoreThe fast-rising suburb is making waves in the property market Contributed by Faizul Ridzuan Strategically located less than 2km from Bukit Bintang and close to major commercial hubs like Tun Razak Exchange (TRX) and Kuala Lumpur City Centre (KLCC), Maluri offers unparalleled city access at a fraction of the cost. With strong demand from local…
Read MoreKUALA LUMPUR (April 10): A total of 190 homes affected by the gas pipeline fire in Putra Heights, Subang Jaya, last Tuesday (April 1) have been reoccupied, after inspections confirmed they were safe for residents to return. Selangor police chief Datuk Hussein Omar Khan said that as of Wednesday (April 9), 487 affected homes have…
Read MoreYNH Property’s independent review reveals interconnected directors, shareholders in RM1.1b JV deals The review also found that many JV companies shared common addresses and company secretaries. KUALA LUMPUR (April 10): YNH Property Bhd’s (KL:YNHPROP) independent review of RM1.1 billion worth of joint ventures (JVs) and turnkey contracts revealed that overlapping directors and shareholdings created an…
Read More“These people have been working at the tower for many years. As the company overseeing operations now, I don’t believe in replacing people simply because there’s a change. If they haven’t made any serious mistakes, why should they go?” KUALA LUMPUR (April 9): Emphasising a people-first approach, Lim Seong Hai (pictured) Capital Bhd (KL:LSH) non-executive…
Read MoreKerjaya Prospek’s stock bounces after job win, analysts see buoyant earnings ahead There are still construction jobs worth RM520 million from property launches by related party Eastern & Oriental Bhd for Andaman Island this year, according to RHB Investment Bank’s estimates. KUALA LUMPUR (April 8): Kerjaya Prospek Group Bhd’s (KL:KERJAYA) stock bounced on Tuesday after the…
Read MoreKUALA LUMPUR: The Ministry of Housing and Local Government (KPKT) has blacklisted 109 property developers for failing to comply with the set regulations, said Minister Nga Kor Ming. Ng said the move is part of the ministry’s continuous effort to protect homebuyers’ interests. “The move to blacklist these developers sends a clear message that we…
Read More
