KUALA LUMPUR (Nov 10): SkyWorld Development Bhd’s SkyAwani 3 Residences in Setapak has won the Innovative Design Award at the Malaysia Outstanding Sustainable Development Awards 2023 organised by the Malaysia Urban Planning Awards (MUPA). According to Lee Chee Seng, chief executive officer of SkyWorld Development, the award is a testament to the company’s commitment to…
Read MoreKUALA LUMPUR (Nov 9): Sentral REIT’s net property income (NPI) rose 6.05% to RM30.12 million in the third quarter ended on Sept 30, 2023 (3QFY2023) from RM28.40 million a year ago, underpinned by higher gross revenue, offset by higher property expenses. Gross revenue for the quarter increased by 11.43% to RM39.78 million from RM35.7 million…
Read MoreKUALA LUMPUR (Nov 9): Vestland Bhd has secured a RM240 million contract to undertake the main building works, mechanical and electrical and external works for two blocks of council homes in Taman Desa, Kuala Lumpur. In a local bourse filing on Thursday, the construction company said its wholly owned subsidiary Vestland Resources Sdn Bhd (VRSB)…
Read MoreKUALA LUMPUR (Nov 8): There were 1,920 residential units auctioned in the first nine months of 2023, with a total value of RM529.03 million, according to Local Government Development Minister Nga Kor Ming (pictured). These auctioned residential units include 1,033 units priced at RM300,000 and below; 418 units priced at RM300,000 to RM500,000; 267 units…
Read MoreKUALA LUMPUR (Nov 8): AME Real Estate Investment Trust (AME REIT) reported a net income of RM8.72 million for the second quarter ended Sept 30, 2023 (2QFY2024) on the back of a net property income of RM10.78 million. It continued to maintain 100% occupancy rates across its industrial properties. The industrial REIT proposed an interim…
Read MoreKUALA LUMPUR (Nov 8): The government is fully dedicated to facilitating the growth of the electric vehicle (EV) industry and the broader adoption of green technology, said Prime Minister Datuk Seri Anwar Ibrahim. He said this aligned seamlessly with the government’s goals laid out in Budget 2024, which is to accelerate the widespread acceptance of…
Read MoreKUALA LUMPUR (Nov 9): Prime Minister Datuk Seri Anwar Ibrahim (pictured) has instructed the Kuala Lumpur City Hall (DBKL) to submit periodic reports within the next two weeks, on the implementation of decisions made pertaining to the Kuala Lumpur Structure Plan 2040 (KLSP 2040), in order to improve the ease of doing business in the…
Read MoreLiew Kee Sin and Abdul Rashid Manaf co-founded EcoWorld Malaysia after leaving SP Setia Bhd almost a decade ago. PETALING JAYA: Flushed with cash after getting a dividend windfall of almost RM100 million recently, Eco World Development Group Bhd (EcoWorld Malaysia) executive chairman Liew Kee Sin upped his holdings in the developer after acquiring a…
Read MoreKUALA LUMPUR (Nov 7): Tan Sri Abdul Rashid Abdul Manaf (pictured) has ceased to be a substantial shareholder of Eco World Development Group Bhd (EWGB), according to a filing with Bursa Malaysia. This is after he sold his stake in unlisted Eco World Holdings Sdn Bhd (Eco World SB), giving him an indirect stake of…
Read MoreTraditional wooden houses were constructed of natural, locally sourced materials. Today’s property market is always pushing the rhetoric of embracing sustainability. However, what many people may not realise, particularly those living in developed rural areas, is that traditional homes from centuries ago were inherently sustainable. The majority of traditional homes in rural villages were…
Read More
