KUALA 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 22): Kuala Lumpur City Hall (DBKL) today signed a Letter of Intent (LoI) with Hangzhou Municipal People’s Government, focusing on Smartup City Connect cooperation. Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa said the collaboration is a historic moment for Malaysia and the People’s Republic of China as this…
Read MoreKUALA LUMPUR (April 22): Bangsar has long been known to be an area that hosts a comprehensive range of amenities, but does that make it a self-contained neighbourhood? Using the latest data, EdgeProp Malaysia uncovered the figures to verify the extent of this perspective. “From an urban planning perspective, we have to remember that this…
Read MoreKUALA LUMPUR (April 19): Hong Leong Investment Bank (HLIB) said Kimlun Corp Bhd’s earnings is primed for promising prospects in FY2024-25, underpinned by an unbilled orderbook of RM2.48 billion (3.0x cover on FY2023 revenue and the highest achieved since FY2018), with 85% dedicated to construction and the remaining to precast manufacturing. In a technical tracker…
Read MoreKUALA LUMPUR (April 18): Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023). This would equate to a payout of RM287.78 million, based on the bank’s share base of 8.22 billion shares as at end-December 2023, according to MBSB’s bourse filing on…
Read MoreKUALA LUMPUR (April 18): Malaysia’s current tallest building, the Merdeka 118 tower, has been awarded the Leadership in Energy and Environmental Design (LEED) Platinum certification in the LEED v2009 Core and Shell rating system, marking it as the first megatall building in the country to achieve it, according to a press statement on Thursday. For…
Read MoreBy Joseph Wong The gradual migration from bustling urban centres to tranquil suburban neighbourhoods has instigated a significant surge in the demand for single-family homes, heralding a transformative shift in the housing landscape. The trajectory of home sales in recent years reflects a pronounced uptick, with realtors projecting a further 10% increase in 2024. This…
Read MoreKUALA LUMPUR (April 19): UEM Sunrise Bhd held a groundbreaking ceremony for The Beat 2.0, Kiara Bay, a follow up to The Beat retail development. UEM Sunrise also signed partnerships with Harvey Norman Malaysia and BM Green Energy Sdn Bhd during the event. Since its inception in Kiara Bay on April 2022, The Beat has…
Read MoreKUALA LUMPUR — MIDF Research has maintained a positive outlook on the property sector as it sees the landscape for the sector is improving, underpinned by a stable House Price Index (HPI) outlook, an unchanged overnight policy rate at 3.0 per cent, and a noticeable reduction in residential overhang. Additionally, the upcoming infrastructure projects such…
Read MoreKUALA LUMPUR (April 18): Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental…
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