KUALA LUMPUR (Feb 2): Jiankun International Bhd’s wholly owned unit JKI Development Sdn Bhd (JKID) has been hit with another lawsuit by a former joint venture (JV) partner Fivestar Development (Puchong) Sdn Bhd, demanding RM14.21 million in alleged unpaid sums. The latest suit against JKID concerns the same joint venture agreements signed between the two…
Read MoreKUALA LUMPUR (Feb 2): Eastern & Oriental Bhd’s (E&O) executive chairman Datuk Tee Eng Ho and his brother, executive director Tee Eng Seng, raised their stake in the property developer to 50.7% via the conversion of irredeemable convertible unsecured loan stocks (ICULS). According to a bourse filing on Friday, the Tee brothers’ investment vehicle Kerjaya…
Read MoreKUALA LUMPUR (Feb 4): A landslide occurred on Saturday (Feb 3) morning at Jalan Taman Pantai, Taman Bukit Pantai, Bangsar, affecting a house. The Kuala Lumpur Fire and Rescue Department (JBPM) operations centre, in a statement on Saturday said they received a distress call about the incident at 10.45am and promptly dispatched its machinery to…
Read MoreKUALA LUMPUR (Feb 2): The Fire and Rescue Department (JBPM) is set to receive two new AgustaWestland AW139 helicopters, Housing and Local Government Minister Nga Kor Ming said. He said the new assets would bring JBPM’s helicopter fleet to 11 by 2025. “This demonstrates the government’s commitment to support and stand firmly with JBPM. “This…
Read MoreEconomic growth will help sustain real estate By Joseph Wong The economic landscape in 2024 will have a direct impact on both the residential and commercial real estate markets, influencing demand and the influx of new supply. With a more stable economic environment, it is anticipated to boost consumer confidence and spending power. Moreover, with…
Read MoreKUALA LUMPUR (Feb 1): Interest in major cities in Asia is projected to continue to increase this year, with Kuala Lumpur having secured a spot in the top 10 trending global travel destinations, according to reviews by global travellers on Tripadvisor. According to Tripadvisor, Asia, with emerging travel hotspots for 2024, comes out top, securing…
Read MoreAzmir (left) and Doh convey enthusiasm on the JV. KUALA LUMPUR: Sime Darby Property Bhd through its wholly owned subsidiary Seed Homes Sdn Bhd has signed a shareholders’ agreement with Lagenda Properties Bhd to set up Seed Homes Lagenda, a 50:50 joint venture to develop affordable homes. Seed Homes is a new portfolio under Sime…
Read MoreKUALA LUMPUR (Jan 29): SkyWorld Development Bhd’s SkyAwani 5 Residence in Sentul was recently awarded “an outstanding” 84% high Quality Assessment System in Construction (QLASSIC) score and a prestigious 5-star Safety and Health Assessment System in Construction SHASSIC rating from Construction Industry Development Board (CIDB). In a media release today, SkyWorld stated that the QLASSIC…
Read MoreKUALA LUMPUR (Feb 1): Bon Estates, developer of Bon Kiara in Mont’Kiara, hosted an exclusive pre-Chinese New Year open house event on the Jan 28 to celebrate the onset of the auspicious Year of the Dragon. To commence the festivities, “Bon Estates tantalized guests with a sneak peek of their maiden landed property project in…
Read MoreKUALA LUMPUR (Jan 31): Analysts expect forward earnings growth on CapitaLand Malaysia Trust (CLMT) to be mainly backed by positive rental reversions and stable occupancy rates. According to TA Securities, CLMT achieved a 24% year-on-year (y-o-y) increase in realised net profit, reaching RM111.2 million, excluding fair value gains on investment properties. This performance aligns well…
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