KUALA LUMPUR (March 13): SkyWorld Development Bhd won its second consecutive award at the prestigious FIABCI Malaysia Property Awards 2023 held on March 9. The award was bestowed upon SkyWorld for its high-rise residential development, SkyAwani 3 Residences. Nestled in the vibrant locale of Setapak, Kuala Lumpur, SkyAwani 3 Residences has a QLASSIC score of…
Read MoreKUALA LUMPUR (March 13): Avaland Bhd (formerly known as MCT Bhd) topped out its Casa Embun Phase 1 in Cybersouth on Wednesday. A press statement on Wednesday said the project has achieved a take-up rate of 99% since its launch in 1Q2023. With a gross development value (GDV) of RM209 million, Casa Embun Phase 1…
Read MoreKUALA LUMPUR (March 13): Construction group Eversendai Corp Bhd has secured four new projects worth RM5.4 billion in Saudi Arabia, the United Arab Emirates and India. With these new projects, its current outstanding order book rises to a record high of RM6.6 billion, according to its filing to Bursa Malaysia on Wednesday. The project in…
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…
Read MoreBy Chang Kim Loong THE Housing and Local Government Ministry (KPKT) recently introduced an online platform called Housing Integrated Management System (HIMS), a single-entry platform for developers to submit applications for permits and which also serves to regulate, manage, receive and gather data. It replaces Bless, Idaman and e-Pemaju. HIMS is meant to be an…
Read MoreKUALA LUMPUR (March 13): CTOS Digital Bhd’s share price rebounded on Wednesday’s morning after analysts said the recent sell-off was overdone, following the management’s positive stance that the continuity of its operations was not at risk. This follows the High Court’s recent ruling against a CTOS unit in a defamation case. The counter increased by…
Read MoreBy Joseph Wong The majority of property buyers, whether purchasing a home for personal use or investment, often overlook the drainage system of their prospective homes or the surrounding estate. Many assume that developers have addressed such concerns but this isn’t always the case. While most developers fulfil the basic requirements for a functional drainage…
Read MoreKUALA LUMPUR (March 12): Building material wholesaler and distributor Unitrade Industries Bhd has acquired a two-acre land worth RM7.84 million to develop centralised labour quarter (CLQ) solutions located in Sungai Buloh, Selangor. In a filing with Bursa Malaysia on Tuesday, Unitrade said its wholly owned subsidiary Perfect CLQ Sdn Bhd had entered into a sales…
Read MoreKUALA LUMPUR (March 13): Retirement Fund Inc (KWAP) emerged as a substantial shareholder in CTOS Digital Bhd amid heavy selling pressure on Tuesday (March 12) following an unfavourable outcome towards the group in a legal dispute. Stock exchange filings showed that the Malaysia’s public sector pension fund bought 28.81 million shares on the open market,…
Read MoreKUALA LUMPUR (March 12): Boustead Properties Bhd, via its subsidiary Boustead DCP Sdn Bhd, has formed a partnership with Opus International (M) Bhd via its subsidiary Opus Energy Sdn Bhd on March 11 for sustainable energy solutions. Opus International is a wholly owned subsidiary of UEM Edgeneta Bhd. A joint statement on Tuesday said there…
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