KUALA LUMPUR (April 23): Inta Bina Group Bhd has bagged a contract worth RM169.67 million to develop a serviced apartment project in Country Heights. In a bourse filing on Tuesday, the group said its wholly-owned subsidiary Inta Bina Sdn Bhd received the contract from Next Delta Sdn Bhd. The job scope involves the development of…
Read MoreKUALA LUMPUR (April 23): While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates. PavREIT chief executive…
Read MoreKUALA LUMPUR (April 23): Axis Real Estate Investment Trust (Axis REIT), which mainly manages offices and warehouses, will gain a boost in earnings with the proposed RM351.8 million industrial acquisitions in Bukit Raja, Selangor, analysts said. The acquisition of the Amsteel Mills Sdn Bhd properties is expected to generate a yield of 7% for the…
Read MoreKUALA LUMPUR (April 23): Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation. In a statement on Tuesday, MyCC chairman Datuk Seri Mohd Hishamudin Yunus said the commission…
Read MoreKUALA LUMPUR (April 23): Malaysia’s construction tender prices are expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner & Townsend. The report said there seems to be a positive…
Read MoreKUALA LUMPUR (April 23): Grade A prime office spaces continue to be in demand with improving vacancy and rental rates due to the flight to quality trend among tenants, according to JLL (Malaysia), as discussed in its JLL’s 1Q2024 Greater Kuala Lumpur Property Market Monitor launch on Tuesday. In her presentation, JLL (Malaysia) office leasing…
Read MoreKUALA LUMPUR (April 23): Avaland Bhd formed partnerships with six companies to provide sustainable home fittings and finishings for its ongoing and upcoming projects in a signing ceremony at the developer’s Collaboration of Sustainability event on Monday. The six companies are Duravit Asia Ltd, Grohe Malaysia, Guocera Sdn Bhd, Panasonic Malaysia, Signature Cabinet Sdn Bhd…
Read MoreKUALA LUMPUR (April 23): The Selangor state government, through its digital economy arm the Selangor Information Technology and Digital Economy Corp (Sidec), will lead the establishment of an integrated circuit (IC) design hub in Puchong, touted to be the largest in Southeast Asia. The project — in collaboration with the federal government, international semiconductor firms…
Read MoreKUALA LUMPUR (Apr 23): Avaland Bhd collaborated with six eco-conscious companies or known as “green partners” at its “Collaboration for Sustainability” event yesterday in conjunction with International Mother Earth Day 2024. “We are proud to partner with organisations like Duravit Asia Limited, Grohe Malaysia, Guocera, Panasonic Malaysia, Signature Cabinet and Toshiba Elevator, all advocates in…
Read MoreKUALA LUMPUR (Apr 23): Malton Bhd unveiled the final Tower B of River Park Bangsar South during the “Earth Day Fiesta” event over the weekend (Apr 20), following the successful launch of its previous Tower A and Tower C blocks, which achieved a take-up rate of more than 70%. To celebrate the launch of River…
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