News by M

The lou sang dinner to usher in the lunar new year saw about 100 representatives from the property development industry in Johor including committee members of the Johor branch of the Real Estate and Housing Developers Association attending the event.

The closure would not have any operational impact on the other outlets of the company and its subsidiaries, Only World said in a filing with Bursa Malaysia today.

Malaysian Resources Corp Bhd (MRCB) is disposing of its wholly-owned building and facilities maintenance service unit for RM4.8 million, nearly 16% lower than the price it was acquired in 1982.

Recapping 2016, which is similar to 2015, property companies continued to underperform on the FBM KLCI Index with average return of -5% as compared with FBM KLCI at -3% for the year 2016.

HSBC Global Research expects to see a “relatively uneventful reporting period” as Singapore REITs gear up to report their financial results for the quarter ended December 2016 over the coming weeks.

Following the government's decision to postpone the new foreign workers levy ruling to 2018, the Master Builders Association Malaysia (MBAM) today called for a more transparent and simplified process of hiring foreign workers.

Riding on the Silicon Valley wave, technology firms across Asia are building hubs in the region to aid their business growth, occupying prime office locations, according to international real estate firm JLL.

49%-owned Muhibbah Engineering Middle East LLC has won a contract from the Economic Zones Company of Qatar (Manateq) to undertake the construction of roads and infrastructure works at Um Alhoul Economic Zone (QEZ-3) Phase 2.1 for a total contract sum of RM438.1 million.

The builder said its indirect wholly-owned subsidiary, Tema Warisan Sdn Bhd, yesterday inked a joint-venture agreement with Perikatan Progresif Sdn Bhd for the development on a 17.5-acre leasehold land.

All the public housing units are for rent only over a six-year period for eligible citizens with rental rates capped at 80% of the average rental rates.