KUALA LUMPUR (March 14): Piling and foundation specialists Econpile Holdings Bhd has secured a contract worth RM83 million to undertake the sub-contract works consisting of earthworks, retaining structure, piling, and road deck and ancillary works, among others. In a filing to Bursa Malaysia on Thursday, Econpile said its wholly owned subsidiary Econpile (M) Sdn Bhd…
Read MoreMalaysia’s high-rise apartment story began in the post-independence era. From the functional flats of the 1950s to the fancy condominiums of today, Malaysia has seen its fair share of roofs gracing its skyline. The architectural styles of Malaysia’s bygone era still exist today, many in shambles but still holding on nonetheless. As our…
Read MoreKUALA LUMPUR (March 13): Tropicana Corp Bhd and Pantai Kok Resort Development Bhd have mutually agreed to terminate a 44.61-acre land development at Padang Mat Sirat, Langkawi. Tropicana was the developer to undertake the joint development agreement (JDA) on the Pantai Kok land, according to its filing to Bursa Malaysia on Wednesday. “In consideration of…
Read MoreKUALA LUMPUR (March 14): Bank Negara Malaysia (BNM) has opted to keep the Overnight Policy Rate (OPR) stable at 3%, in contrast to some of our neighbouring countries such as the Philippines, Indonesia and Thailand, which have been increasing their rates for the past months. In fact, the announcement last week marked a period of…
Read MoreEcological sustainability is frequently sacrificed in the name of economic expansion. The remarkable economic expansion of Malaysia has been propelled by its swift urbanisation and development. Even though sprawling townships and shining skyscrapers are symbols of progress, the stories that lie beneath them are frequently far from idyllic. The harsh realities of property development…
Read More3D printing can print physical prototypes quickly to better iterate on designs and make decisions. Decades of research and development have led the construction industry and consequently, the real estate industry to embrace constant changes. From straw houses to timber to today’s concrete, the utilisation of various construction techniques has demonstrated viability in home…
Read MoreKUALA LUMPUR (March 14): Exsim Development Sdn Bhd said on Thursday that its property development business will not be injected into Pan Malaysia Holdings Bhd (PMHB). The company clarified in a statement that it is not related to Exsim Hospitality Holdings Sdn Bhd, which was acquiring a 65.9% stake in PMHB even as both companies…
Read MoreKUALA LUMPUR (March 14): Shares of Eversendai Corp Bhd extended its rally and surged to its highest in five years as investors continued to accumulate the stock following contract wins totalling RM5.4 billion. Eversendai climbed as much as 16.7% or 6.5 sen to 45.5 sen during the morning session, its highest since January 2019. The…
Read MoreKUALA LUMPUR (March 14): CTOS Digital Bhd on Thursday said its wholly owned unit CTOS Data Systems Sdn Bhd (CDS) has applied for a stay of execution of a High Court judgement after CDS was ordered to pay damages to its client over inaccurate negative credit rating. Prior to filing the stay of execution, CTOS…
Read MoreKUALA LUMPUR (March 13): The Ministry of Housing and Local Government (KPKT) will issue a confirmation letter regarding the status of Residensi Hektar Gombak, proposing several measures to alleviate the burden of affected buyers in this ailing housing project. Deputy Minister Datuk Aiman Athirah Sabu (pictured) stated that the confirmation letter would recommend financial institutions…
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