Apex court upholds COA decision to quash DO for 45-storey apartment block on Jalan Jejaka In an unanimous decision, a three-member apex court bench led by Chief Judge of Malaya Datuk Mohamad Zabidin Mohd Diah dismissed the applications for leave to appeal by the Kuala Lumpur city mayor, the then Federal Territories minister, the Kuala…
Read MoreThe enlarged issued share capital of approximately one billion shares will translate to a market capitalisation of approximately RM800 million. KUALA LUMPUR (June 20): SkyWorld Development Bhd has unveiled its initial public offering (IPO) prospectus today, with a targeted yearly dividend payout ratio of 20%. The launch, held at its newly completed The Valley Residences…
Read MoreLocation map of Mah Sing’s Glengowrie Estate township. KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) has acquired 500 acres of freehold land in Semenyih from SP Setia Bhd, via its subsidiary Petaling Garden Sdn Bhd, for a cash consideration of RM392mil. The group entered into inter-conditional sale and purchase agreements with Elite Park Development Sdn…
Read More“The proposed disposals are undertaken for the purpose of reducing the cost associated with maintaining the loss-making subsidiary, ie Signature Facade and thereby improving the balance sheet of Signature Group.” KUALA LUMPUR (June 20): Kitchen cabinet maker Signature International Bhd is selling its aluminium and facade businesses for RM17.53 million amid increasing challenges in the…
Read MoreUEM Sunrise to unveil The Connaught One, a transit-oriented development in Cheras KUALA LUMPUR (June 20) – UEM Sunrise Bhd is set to unveil its highly anticipated transit-oriented development (TOD) project, The Connaught One, in Taman Connaught, Cheras on Saturday, June 24. The prime location of this development near the Taman Connaught MRT Station offers residents unparalleled…
Read MoreBon Kiara – Central Park & Treewalk Bon Kiara – Mediteranean Style Homes Up to 50% of the 410 available units are already reserved as the “high-rise condominium has generated significant interest among urban dwellers who value a quality lifestyle and captivating living environments”. KUALA LUMPUR (June 17): BON Estates is unveiling its latest prestigious…
Read MoreKUALA LUMPUR – Twenty-two 1Malaysia People’s Housing Programme (PR1MA) projects are currently under construction including 13 of which are deemed “sick” ones. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said that as of yesterday (June 13), there were 54 PR1MA projects recorded as having been fully completed, while another 10 projects were still…
Read MoreLee receives the World Gold Winner trophy. Developer SkyWorld Development (SkyWorld) was named World Gold Winner in the affordable housing category for its SkyAwani 2 Residences at the FIABCI World Prix d’Excellence Awards 2023. The International Real Estate Federation (Fiabci) organised the ceremony in Miami, United States. With the award, SkyWorld demonstrated the SkyAwani 2…
Read MoreTraining requirements for RENs under review Contributed by Matt Tian It was recently reported that property agents in Singapore will have to meet a higher training requirement to renew their licences from October 2025 in a move by the Council for Estate Agencies (CEA) to raise professional standards in the industry. A total of 16…
Read MoreLast year’s TOTC winners together with (front centre, left to right) SMG group chief executive officer Alex Yeow, then Housing and Local Government Ministry secretary-general Datuk M Noor Azman Taib and FIABCI-Malaysia president Datuk Firdaus Musa. — GLENN GUAN/The Star The Joint Development trophy has been added to the Special Awards As the countdown to…
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