Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
Strata law needs revamping as urbanisation progresses

Strata law needs revamping as urbanisation progresses

news

Updated:
  • The article discusses the evolution of strata communities and the need for updated governance models.
  • It highlights issues like unfair management fees and the developer's role in ensuring sustainability.
  • Urgent reforms are necessary to address these challenges and adapt to modern urban living needs!
Read More
Kitacon secures RM99 mil construction job in Cyberjaya

Kitacon secures RM99 mil construction job in Cyberjaya

news

Updated:
  • Kumpulan Kitacon Bhd has secured a RM99.28 million project in Cyberjaya from ParkCity Botanika.
  • The contract involves constructing 128 three-storey terraced houses and related facilities, starting May 2.
  • This marks Kumpulan Kitacon’s second contract win for the year.
Read More
Eversendai’s Trojena Ski Village contract in Saudi Arabia terminated amid Middle East tensions

Eversendai’s Trojena Ski Village contract in Saudi Arabia terminated amid Middle East tensions

news

Updated:
  • Eversendai Corporation received a termination notice for its Trojena Ski Village contract in Saudi Arabia.
  • The company plans to submit claims for compensation and demobilisation costs due to the termination.
  • Despite geopolitical issues, Eversendai remains optimistic about new projects.
Read More
OCR Group unit to sell Magna Prima part of their Shah Alam development property

OCR Group unit to sell Magna Prima part of their Shah Alam development property

news

Updated:
  • OCR Group Bhd sold 4.58 acres of land in Shah Alam to Magna Prima Bhd for RM45 million.
  • The deal is part of Magna Prima's strategic expansion and will be funded through internal funds and loans.
  • Completion of the transaction is expected within six months, with both companies' shares remaining unchanged.
Read More
IJM: MACC clarifies probe targets individuals only, not the group as an entity

IJM: MACC clarifies probe targets individuals only, not the group as an entity

news

Updated:
  • IJM Corporation Bhd confirmed that the MACC's investigation does not involve the company itself.
  • The probe is focused on individuals linked to IJM amid allegations of a RM2.5 billion money laundering scheme.
  • IJM's chairman is cooperating with the MACC, while Sunway Bhd's takeover offer for IJM is also under investigation.
Read More
Wing Tai bets RM45m on Mont’Kiara as competition stiffens in KL’s premier address

Wing Tai bets RM45m on Mont’Kiara as competition stiffens in KL’s premier address

news

Updated:
  • Wing Tai Holdings Ltd has acquired a freehold land parcel in Mont’Kiara for RM45 million.
  • The site will be developed into a residential project, with plans for a boutique launch in 2027.
  • The upcoming MRT3 Circle Line may significantly enhance Mont’Kiara's appeal by improving connectivity.
Read More
Court finds DBKL negligent in 2023 motorcyclist's death, ordered to pay over RM820,000

Court finds DBKL negligent in 2023 motorcyclist's death, ordered to pay over RM820,000

news

Updated:
  • The Kuala Lumpur City Hall was found negligent for a tree that fell and killed a motorcyclist.
  • The court ordered DBKL to pay RM824,180 in damages to the victim's parents for their loss.
  • The judge emphasised DBKL's duty to maintain public safety regarding roadside trees.
Read More
REITs face near-term volatility as new tax regime takes effect

REITs face near-term volatility as new tax regime takes effect

news

Updated:
  • The removal of the 10% withholding tax on REITs will lead to near-term repricing in the sector.
  • Investors will face higher effective tax rates, particularly affecting higher-income groups.
  • Despite this, HLIB maintains an "overweight" stance on REITs, expecting yields to stabilise over time.
Read More
Setia Foundation reaches out to Asnaf community via ‘Sincerely, Setia Ramadan Mubarak’ programme

Setia Foundation reaches out to Asnaf community via ‘Sincerely, Setia Ramadan Mubarak’ programme

news

Updated:
  • Setia Foundation held the Sincerely, Setia Ramadan Mubarak programme for 240 Asnaf families.
  • Each family received RM200 in zakat and Ramadan baskets worth RM80, totaling RM67,200 disbursed.
  • The initiative involved 86 volunteers and aimed to support underprivileged communities during Ramadan.
Read More
Rising landmarks on KL prime sites set to repaint city centre canvas

Rising landmarks on KL prime sites set to repaint city centre canvas

news

Updated:
  • Kuala Lumpur's skyline is rapidly changing with new construction in the KL CBD and Bukit Bintang.
  • Major projects include Cititower, CloutHaus Residences, and the upcoming GameOn Theme Park.
  • Bukit Nanas is also seeing developments like One Sultan Ismail, adding to the city's vertical growth.
Read More
Bites
Strata law needs revamping as urbanisation progresses