News by M

The Real Estate and Housing Developers’ Association (Rehda) Malaysia has welcomed the government’s revision of the Sewerage Capital Contribution (SCC) rates, which took effect on March 1.

Genting Malaysia Bhd’s (KL:GENM) proposed US$41 million (RM175.5 million) acquisition to gain full control of the loss-making Empire Resorts Inc from Genting group's founding Lim family has come under the scrutiny of Bursa Malaysia Securities Bhd.

Pavilion Real Estate Investment Trust (Pavilion REIT) (KL:PAVREIT) reported a 5% rise in net property income (NPI) to RM142.75 million for the first quarter ended March 31, 2025 (1QFY2025)—from RM136.02 million a year earlier—driven by higher rental income from Pavilion Bukit Jalil and Elite Pavilion Mall.

Works Minister Datuk Seri Alexander Nanta Linggi has denied allegations of his involvement in a corruption scandal related to the Pan Borneo Highway Sabah project (WP35), which recently went viral on a Telegram channel.

Housing and Local Government Minister Nga Kor Ming has dismissed claims that the ministry’s MyKiosk project has become a white elephant.

EMKAY Group has gone for “a major shift” in Mercu Mustapha Kamal’s Tower 2's sales strategy, transitioning from an en-bloc sales model to stratified floor-by-floor sales, offering built-up areas ranging between 15,102 to 16,146 sq ft per floor.

The Malaysian property market is said to have performed exceptionally well in 2024, with the total value of property transactions hitting a record high at RM232.3 billion, and the total volume of property transactions reaching 420,545, regaining the momentum of 2011.

Malaysia's central bank has kept the overnight policy rate (OPR) unchanged at 3%, as expected, while flagging rising downside risks to economic growth.

Kerjaya Prospek Group Bhd has won a RM162-million contract to carry out building works for a high-rise serviced apartment project in Johor.

Infraharta Holdings Bhd’s wholly-owned subsidiary, Infraharta Sdn Bhd (ISB), has secured a RM17.42 million sub-contract to carry out piling and earthwork for a hospital project in Kuantan, Pahang.