KUALA LUMPUR (Jan 8): Aeon Co (M) Bhd (KL:AEON) announced on Wednesday that the High Court has granted the company a conditional stay of the judgment issued on Dec 16, 2024, which found Aeon in breach of a tenancy agreement with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd (KL:AZRB). In…
Read MoreProperty management: MIPFM refutes call for separate board to address ‘weaknesses’ While Foo’s article raises important questions about the challenges in strata property management, the proposed separation of roles and regulatory bodies is not a viable solution. Dr. Foo Chee Hung’s article on Dec 18 titled “Separate board of property managers needed to address current…
Read MoreKUALA LUMPUR (Jan 7): Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM65.68 million residential construction contract in Sungai Buloh, Selangor. Its wholly owned subsidiary, Kitacon Sdn Bhd, accepted the letter of award from KL-Kepong Country Homes Sdn Bhd on Monday for the construction and completion of bungalows located at Lot 851, Precinct 4C1, Bandar Seri…
Read MoreKUALA LUMPUR (Jan 7): Ecobuilt Holdings Bhd (KL:ECOHLDS) said its external auditor HLB Ler Lum Chew PLT has expressed a qualified opinion on the group’s audited statements for the financial year ended Aug 31, 2024 (FY2024), as well as flagged a material uncertainty that cast doubt on the group’s ability to continue as a going…
Read MoreKUALA LUMPUR (Jan 6): Construction outfit Kerjaya Prospek Group Bhd (KL:KERJAYA) has bagged a RM256.4 million contract from Eastern & Oriental Express Sdn Bhd (E&OE) to undertake construction works in Elmina West, Shah Alam, Selangor. In a filing with Bursa Malaysia on Monday, Kerjaya Prospek said the scope of the project, clinched through its wholly…
Read MoreKUALA LUMPUR (Jan 6): AFFIN BANK Bhd (AFFIN) has launched its Mbassador programme, a new initiative to distribute its mortgage products and services, including both conventional and Islamic. The event also celebrated the appointment of real estate agencies, negotiators and property industry specialists as official AFFIN Mbassadors, offering members various benefits including enhanced customer service…
Read MoreProperty stocks may see rising valuations as investors watch for recurring income, says RHB IB In particular, developers with growing recurring income and investment portfolios may see rising investor interest, the research house said in a sector note. While valuations of big-cap property stocks will likely stay elevated, some smaller-cap quality developers may catch up,…
Read MoreMinister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa: “We will maintain the distinctive Malay characteristics. Kampung Baru is rich in history and famous for its traditions [such as] its food. Therefore, we must be cautious in developing it, taking these factors into consideration.” KUALA LUMPUR (Jan 3): Any development in Kampung Baru…
Read MoreKUALA LUMPUR (Jan 2): The developer of the water retention pond next to the Taman Seri Alam, Saujana Utama, residential area is considering offering ex-gratia (goodwill) compensation to residents affected by the collapse of the bund last Saturday. Selangor Infrastructure and Agriculture Committee chairman Datuk Izham Hashim, said a meeting will be held on Thursday…
Read MoreKUALA LUMPUR (Jan 2): Ecobuilt Holdings Bhd (KL:ECOHLDS) has until Jan 8 to submit its annual report for the financial financial year ended Aug 31, 2024, failing which the trading of its securities will be suspended the following day (Jan 9). The loss-making construction cum property firm has failed to submit the annual report —…
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