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Property News

SkyWorld and Universiti Malaya collaborate to spur technological innovation in property development

Dec 14, 2023

KUALA LUMPUR (Dec 14): SkyWorld Development Bhd is joining forces with Universiti Malaya to develop a transformative Application Programming Interface (API) set to revolutionise data integration ecosystem within the property development sector. A Memorandum of Agreement signed at The Cubes in Universiti Malaya, solidifies their “shared commitment to co-develop a cutting-edge technology ecosystem, specifically focusing…
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EcoWorld International declares final dividend of six sen per share for FY2023, bringing total dividends for FY2023 to RM936 million

Dec 13, 2023

KUALA LUMPUR (Dec 13): Eco World International Bhd (EcoWorld International) announced its results for 4Q2023, where it saw a lower loss before tax (LBT) of RM36.93 million in 4Q2023 compared to LBT of RM94.64 million in 4Q2022. This is mainly due to: foreign exchange gains from appreciation of British Pound (GBP) against Ringgit Malaysia (RM)…
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All parties must cooperate to ensure ECRL project finishes on time — PM

Dec 13, 2023

KUALA LUMPUR (Dec 12): Prime Minister Datuk Seri Anwar Ibrahim (pictured) has reminded all parties, including state governments involved in the East Coast Railway Link (ECRL) project, to cooperate and ensure it is completed according to schedule. Anwar said Malaysia is committed to and appreciates the strategic cooperation with China, especially in terms of investments…
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S P Setia partners with Mitsui Fudosan to develop 2.67 acres of commercial land in Setia Federal Hill

Dec 13, 2023

KUALA LUMPUR (Dec 13): S P Setia Partners will develop two parcels of prime commercial land measuring 2.67 acres in Setia Federal Hill, Bangsar, with Mitsui Fudosan (Asia) Malaysia Sdn Bhd (Mitsui Fudosan). The development will encompass two parcels of land and is set to inject a fresh wave of vitality into the vibrant Bangsar…
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Former S P Setia deputy president Koe Peng Kang appointed independent director at MAHB

Dec 12, 2023

KUALA LUMPUR (Dec 12): Malaysia Airports Holdings Bhd (MAHB) has appointed former S P Setia Bhd deputy president and chief operating officer Datuk Seri Koe Peng Kang (pictured) as its independent and non-executive director, effective Dec 12. In a bourse filing on Monday, the airport operator said Koe, 62, commenced his journey at S P…
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Madani Inclusive Housing Concept will serve as catalyst for affordable housing projects — PM

Dec 12, 2023

KUALA LUMPUR (Dec 12): The Madani Inclusive Housing Concept will be catalyst for the development of affordable housing projects for the target groups in the country said Prime Minister Datuk Seri Anwar Ibrahim. He said the efforts started with the cooperation of the Kuala Lumpur City Hall (DBKL) to provide houses to the targeted groups…
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Anwar wants Malaysia’s investment landscape, ecosystem to be more creative and investor friendly

Dec 12, 2023

KUALA LUMPUR (Dec 12): Prime Minister Datuk Seri Anwar Ibrahim has called on all relevant parties to emphasise the need for the country’s investment landscape and ecosystem to be more creative and investor-friendly. In a post on his official Facebook on Monday, he said the parties involved were also called upon to continue efforts in…
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EcoFirst says will contest RM20m lawsuit filed by Kerjaya Prospek over withdrawal of construction contract

Dec 11, 2023

KUALA LUMPUR (Dec 8): EcoFirst Consolidated Bhd, which is facing a RM20 million lawsuit for withdrawing a RM404.35 million contract it had issued to Kerjaya Prospek Group Bhd, said the group will be contesting the matter. In a filing on Friday, EcoFirst said the lawsuit was filed against its wholly-owned subsidiary BCM Holdings Bhd by…
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Axis-REIT to acquire shopping mall in Temerloh for RM25.75 mil

Dec 11, 2023

The REIT said the acquisition of Temerloh Mall in Taman Damai, from Amal Mewah Development Sdn Bhd, will be funded by its existing bank financing. KUALA LUMPUR (Dec 8): Axis Real Estate Investment Trust (Axis-REIT) has proposed to acquire a two-storey shopping mall in Temerloh, Pahang, for RM25.75 million cash. The REIT said the acquisition…
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Radium Development teams up with TAR UMT to provide student loans

Dec 11, 2023

KUALA LUMPUR (Dec 11): Radium Development Bhd and Tunku Abdul Rahman University of Management and Technology (TAR UMT) recently awarded the TARC-Radium Care Student Loan to two exceptional students. This follows the signing of a Memorandum of Understanding between Radium and TAR UMT in January 2023 for a five-year partnership that sees the developer contributing…
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