KUALA LUMPUR (Nov 29): Pacific Senior Living, a senior living brand by Columbia Pacific Management Group, on Wednesday officially launched its first senior living residence project called Acacia and located in Klang, Selangor. Repurposing the former four-star Merrida Hotel building in Klang, which ceased operations during the movement control order period, Acacia boasts a total…
Read MoreKUALA LUMPUR (Nov 29): Analysts have shrugged off any potential impact on KLCCP Stapled Group’s prospects by the opening of the The Exchange TRX mall as well as inflationary pressures. In a research note, CGS-CIMB said the group’s Suria KLCC mall is unlikely to be impacted by the recently opened rival mall, as it is…
Read MoreKUALA LUMPUR (Nov 28): Gadang Holdings Bhd is acquiring a 21.08-acre land in Kwasa Damansara for RM114.78 million, or RM125 per square feet, to be developed into a residential project. The group is acquiring the land via its indirect wholly-owned subsidiary Elegance Sonata Sdn Bhd (ESSB) from Kwasa Development (3) Sdn Bhd (KD3), said Gadang…
Read MoreKUALA LUMPUR (Nov 28): Radium Development Bhd, which was just listed on the Main Market of Bursa Malaysia less than half a year ago on May 31, posted a net profit of RM3.76 million for its third quarter ended Sept 30, 2023 (3QFY2023), on the back of revenue of RM46.78 million. This represents a 46.3%…
Read MoreKUALA LUMPUR (Nov 28): IGB Bhd’s net profit for the third quarter ended Sept 30, 2023 (3QFY2023) rose 21.33% to RM58.03 million from RM47.83 million in the corresponding quarter a year earlier, as it recorded higher contributions from all operating segments except for the property development segment. Revenue rose 25.87% to RM395.1 million from RM313.89…
Read MoreBayu Avenue comprises 16 units of double-storey shop offices. SELANGOR: SP Setia has announced the launch of Bayu Avenue, the third phase of commercial development in its Setia Bayuemas township. The new units comprise 16 freehold double-storey shop offices, with an RM21.86mil gross development value (GDV). Priced from RM1.15mil, the shop offices are 22ft by…
Read MoreKUALA LUMPUR (Nov 28): The Ministry of Local Government Development (KPKT) is spending RM90.4 million this year for the maintenance and repairs of 850 low- and medium-cost private and public strata housing throughout the country, except Kuala Lumpur. Its deputy minister Akmal Nasrullah Mohd Nasir said the expenditure encompasses RM44.4 million Malaysian Housing Maintenance Fund (TPPM) for private housing,…
Read MoreKUALA LUMPUR (Nov 28): Construction player Widad Group Bhd widened its losses by more than nine times to RM7.65 million in the third quarter ended Sept 30, 2023 (3QFY2023), from a loss of RM836,000 a year ago, mainly due to higher finance cost arising from borrowings made to acquire a concession business. This is despite…
Read MoreKUALA LUMPUR (Nov 28): A total of 260,000 affordable housing units, or 52.38% of the target of 500,000 units outlined in the 12th Malaysia Plan (12MP) by 2025, have been built so far, the Dewan Negara was told on Tuesday. Local Government Development Minister Nga Kor Ming (pictured) said that efforts to build affordable housing would be…
Read MoreSarawak remains a highly attractive destination in Southeast Asia for individuals of various nationalities. Unbelievable growth in MM2H reflects Sarawak’s allure The most recent data from Malaysia My Second Home (MM2H) and Sarawak-MM2H indicates that Malaysia, especially Sarawak, remains a highly attractive destination in Southeast Asia for individuals of various nationalities. Following the reforms…
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