PropertyGuru Malaysia country manager Sheldon Fernandez says property developers have begun to construct smaller units to cater to current market conditions. PETALING JAYA: Prospective homeowners are reevaluating their priorities, showing willingness to forgo certain amenities in their quest for an affordable home, according to PropertyGuru’s Consumer Sentiment (CSS) Study H2 2023 report. “This shift highlights…
Read MoreKUALA LUMPUR (Sept 19): The Construction Industry Development Board (CIDB) has been instructed to hold a special programme for construction industry players to tackle the issue of unsatisfactory residential interior design works. Works Minister Datuk Seri Alexander Nanta Linggi said this is following complaints about inferior works done by contractors as well complaints about unregistered…
Read MoreKUALA LUMPUR (Sept 19): I-Bhd has announced a partnership with Wyndham Hotels & Resorts to manage a 50-storey property known as Wyndham Suites KLCC in Kuala Lumpur city centre. According to the developer via a press release on Tuesday, the existing property is a luxury condominium with a gross development value (GDV) of RM820 million….
Read MoreKUALA LUMPUR (Sept 19): Land & General Bhd (L&G) allayed concerns that liquidity issues faced by joint venture partner Country Garden would have a negative spillover effect on their 167-acre township development in Semenyih that started in 2014. Speaking to the media after the company’s AGM, L&G managing director Low Gay Teck said the project…
Read MoreKUALA LUMPUR (Sept 20): Young People’s Lab (YPLab) 2023, an intervention workshop program that created a platform for the youth to express their ideas on what makes a sustainable and resilient city, came to an end on Sunday (Sept 17) at the Pitch Day event held at the PAM Centre with a winning team that…
Read MoreKUALA LUMPUR (Sept 20): Eco World International Bhd has recorded a lower loss before tax of RM10.11 million in 3Q2023 compared to LBT of RM55.45 million in 3Q2022, it announced to day. According to the company, this is mainly due to foreign exchange gains arising from repayment of advances by EcoWorld-Ballymore and conversion of British…
Read MoreKUALA LUMPUR (Sept 20): After a gruelling three weeks, the Young People’s Lab (YPLab) 2023 finally crowned The Visionaries as its winning team, who will get to showcase their ideas at the International World Class Sustainable Cities (WCSC) Conference this month. The programme featured six teams who proposed physical and non-physical creative solutions that would…
Read MoreKUALA LUMPUR (Sept 20): Integrated construction and property firm PTT Synergy Group Bhd (PTTS) has diversified into the warehouse leasing business as it seeks alternative sources of revenue from recurring income properties. On Wednesday, PTTS said its wholly owned subsidiary PTT Development Sdn Bhd has signed a lease agreement for the leasing of a warehouse…
Read MoreKUALA LUMPUR (Sept 19): The federal government through the 42nd National Physical Planning Council (MPFN) meeting on Monday agreed to approve the East Coast Rail Link (ECRL) integrated land use master plan or better known as PeGTaECRL. Prime Minister Datuk Seri Anwar Ibrahim said the document would drive development around 20 stations and along the…
Read MoreKUALA LUMPUR (Sept 19): Malaysia Building Society Bhd (MBSB) has proposed to undertake a members’ scheme of arrangement which entails the disposal of its non-financial subsidiaries and non-performing conventional loans. In a filing, MBSB said five of its companies in the property development business will be transferred to a corporate share trustee, while disposal of…
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