KUALA LUMPUR (Sept 26): SPNB Aspirasi Sdn Bhd (SPNB Aspirasi), a wholly owned unit of national housing development company Syarikat Perumahan Negara Bhd (SPNB), has brought SPNB’s former CEO Datuk Ahmad Azizi Ali to court, alongside property developer Tunas Manja Development & Construction Sdn Bhd (TMDC) and 10 others on allegations of defrauding the government-owned…
Read MoreKUALA LUMPUR (Sept 26): Avaland Bhd inaugurated its sales gallery for Amika Residences, its latest project in Subang Jaya, last Saturday (Sept 23). In a press release issued on Tuesday, Avaland Bhd chief executive officer (CEO) Teh Heng Chong said the 3.5-acre, freehold Amika Residences is located immediately next to Alira Subang Jaya. The design of Amika…
Read MoreKUALA LUMPUR (Sept 26): Fitch has cut its revenue expectations for Genting Malaysia — operator of Malaysia’s Resorts World Genting plus casinos in New York and Europe — by around 5% on average for 2023 and 2024, citing its slower-than-expected recovery through the first half of the year. In a report last Friday (Sept 22),…
Read MoreKUALA LUMPUR (Sept 26): Sime Darby Property Bhd has been recognised for its environmental-friendly efforts in Cantara Residences, Ara Damansara and Elmina Central Park, City of Elmina. According to a press statement dated Sept 26, Cantara Residences was awarded a gold rating in the Residential New Construction category by Green Building Index (GBI) while Elmina…
Read MoreKUALA LUMPUR (Sept 26): MIDF Research has upgraded the property sector to “positive” from “neutral” on improved outlook amid a downtrend in overhang and inventory levels, naming Mah Sing Group Bhd and Matrix Concepts Holdings Bhd as its top picks. “Residential overhang declined for the sixth consecutive quarter in the second quarter of calendar year…
Read MoreKUALA LUMPUR (Sept 26): The government is planning to revise the Statistics Act 1965 in the Dewan Rakyat in July 2024, to increase the Department of Statistics Malaysia (DOSM)’s role in strengthening the country’s statistical landscape. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said DOSM continues to make strides in producing important statistics, as the…
Read MoreKUALA LUMPUR (Sept 26): Ho Hup Construction Co Bhd plans to undertake a private placement exercise of 10% of its share base to raise RM12.4 million, most of which is to be set aside to pay its sub-contractors. In a bourse filing on Monday, the construction outfit said the private placement exercise entails the issuance…
Read MoreKUALA LUMPUR (Sept 22): Selangor has built 40,000 affordable homes in five years since 2018, said Selangor Menteri Besar Datuk Seri Amirudin Shari (pictured). He said the construction of another 5,000 houses is expected to be completed by the end of this year. According to him, Selangor has been recognised by the Local Government Development…
Read MoreTransitioning to a world-class sustainable city involves more than managing carbon emissions. We should be driving resilience. It’s not business as usual. Change is underway, redefining the roles of the next generation of city builders in Malaysia. Rapid growth and the city’s resilience demand tools for long-term sustainability, including adaptation to adversity, preparing for future pandemics, addressing…
Read MoreEcoWorld’s strong branding, responsiveness to market conditions, and timely presence in Johor’s industrial property scene are favourable factors for the developer, says Kenanga Research. (EcoWorld pic) PETALING JAYA: Kenanga Research which previously rated Eco World Development Group Bhd (EcoWorld) as “outperform” has downgraded its recommendation to “market perform” in response to a recent surge in…
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