News by M

Average prices have grown modestly across the market. The highest relative price growths were among the affordable properties, in part due to their lower capital bases. The top three performers were Indah Apartment, Medan Intan Apartment and Idaman Suria, with prices up 34.9%, 31.4% and 25.4% respectively.

Fomca deputy president, Mohd Yusof Abdul Rahman, said the banking industry should consider such a scheme as its corporate social responsibility.

Evidently, IBS has proven to reduce costs and positively impact the bottom line of construction giants such as Skanska, Hochtief and Bechtel.

Mah Sing Group Bhd has succeeded in the High Court to strike out the claims by seven persons that the RM359.5 million sale and purchase agreement (SPA) between Mah Sing’s wholly-owned unit and three land trustees is invalid.

 The property market in Setapak consists mainly of mass-market condominiums and apartments.

DBKL executive director of economic development, Datuk Mohd Sauffi Mohamad said stern action will be taken against those who abuse the PPR and PA housing schemes. "We take back the houses," he warned.

Spring Gallery said its wholly-owned subsidiary Profit Sunland Sdn Bhd had signed a managing contractor agreement with Prinsip Nusantara Sdn Bhd for the proposed project.

Setapak has an abundance of high-rise residences, most of which are priced to target the middle class.

Infrastructure conglomerate, AlloyMtd Group, will embark on two projects in the Philippines with a combined contract value of close to RM400 million.

Year-on-year (y-o-y) earnings growth was largely supported by additional contributions from its new assets and improved profits from Gurney Plaza and East Coast Mall. However, we remain cautious about Sungei Wang Plaza (SWP), which could limit near-term earnings.