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CIDB, DOSM assess impact of rising building costs amid West Asia conflict

CIDB, DOSM assess impact of rising building costs amid West Asia conflict

news

Updated:
  • The CIDB is working with DOSM to evaluate the impact of rising building material costs on construction.
  • Ahmad noted that diesel price hikes significantly affect road projects more than building projects.
  • He emphasised the need for detailed assessments and warned against repeated project extensions.
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A1 A.K. Koh to acquire Puchong land for RM16.73 mil to develop central region headquarters

A1 A.K. Koh to acquire Puchong land for RM16.73 mil to develop central region headquarters

news

Updated:
  • A.K. Koh Enterprise Sdn Bhd has signed an agreement to buy 1.01 acres of land in Selangor for RM16,728,740.
  • The land carries a leasehold tenure of 99 years expiring on June 24, 2101.
  • The land will be developed into a five-storey commercial building, with construction starting in 3Q2027.
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UOA Development terminates care services joint venture at Komune Living and Wellness Centre in Cheras

UOA Development terminates care services joint venture at Komune Living and Wellness Centre in Cheras

news

Updated:
  • UOA Development Bhd has terminated its shareholders' agreement with Care Concierge Care Centre.
  • The termination is due to differing business views, effective April 17.
  • Komune Care Centre Sdn Bhd will become a wholly-owned subsidiary of UOA Development via its two subsidiaries.
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Historic Mountbatten bungalow on Millionaires’ Row relisted at S$45m, 17% lower

Historic Mountbatten bungalow on Millionaires’ Row relisted at S$45m, 17% lower

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Updated:
  • A historic bungalow at 777 Mountbatten Road in Singapore is relisted for S$45 million, down 17.4%.
  • This conserved property, built in 1851, is the largest on "Millionaires' Row" and has a storied history.
  • The bungalow sits on a freehold site of 32,052 sq ft at the corner of Mountbatten Road and Crescent Road.
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BYD's Tanjong Malim investment to be discussed for best outcome, says Nga

BYD's Tanjong Malim investment to be discussed for best outcome, says Nga

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Updated:
  • BYD's potential investment in Perak will be discussed with Prime Minister Anwar Ibrahim for optimal outcomes.
  • This investment could boost Malaysia's EV industry, create jobs, and enhance the state's economy.
  • The state government is committed to facilitating BYD's plans.
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IOI Properties acquires Asia Square Tower 2 for S$2.476 bil, boosting Singapore AUM to S$10 bil

IOI Properties acquires Asia Square Tower 2 for S$2.476 bil, boosting Singapore AUM to S$10 bil

news

Updated:
  • IOI Properties will acquire Asia Square Tower 2 in Singapore for S$2.476 billion, enhancing its portfolio.
  • This acquisition increases IOIPG's assets in Singapore to S$10 billion, solidifying its position in the CBD.
  • The property, with a 95.8% occupancy rate, is expected to provide stable income.
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Reports on 127.3ha of Pulau Sebatik land being part of Indonesia inconsistent with official records — Arthur

Reports on 127.3ha of Pulau Sebatik land being part of Indonesia inconsistent with official records — Arthur

news

Updated:
  • Malaysia has rejected claims that 127.3 hectares of Pulau Sebatik land were ceded to Indonesia.
  • The correct agreement states that Malaysia lost 123 hectares but gained five, following a 2018 resolution.
  • Both countries will continue to resolve boundary issues through diplomacy and cooperation.
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Bathroom myth: What you don’t know about fires could kill you

Bathroom myth: What you don’t know about fires could kill you

news

Updated:
  • Federal Territories Minister Hannah Yeoh emphasises that bathrooms are not safe during fires.
  • Residential fires are the deadliest in Malaysia, with many victims succumbing to smoke inhalation.
  • A culture of safety is essential, involving preparation, management responsibility, and community awareness.
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What’s happening to KL’s older buildings?

What’s happening to KL’s older buildings?

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Updated:
  • Kuala Lumpur's skyline is rapidly evolving, with older buildings facing challenges in maintaining relevance.
  • Iconic structures are being repositioned or redeveloped to meet modern tenant expectations and market demands.
  • The focus is shifting towards unlocking land value and adapting older spaces for new uses.
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Exsim Hospitality unit bags RM138 mil nominated sub-contract for MEP, fit-out and building services works

Exsim Hospitality unit bags RM138 mil nominated sub-contract for MEP, fit-out and building services works

news

Updated:
  • Exsim Hospitality Bhd's subsidiary accepted a RM138 million sub-contract from Binastra Builders Sdn Bhd.
  • The works include mechanical, electrical, plumbing, and interior design services over 41 months.
  • This award is expected to positively impact EHB's financial metrics without needing shareholder approval.
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CIDB, DOSM assess impact of rising building costs amid West Asia conflict