News by M

Malaysia’s current tallest building, the Merdeka 118 tower, has been awarded the Leadership in Energy and Environmental Design (LEED) Platinum certification in the LEED v2009 Core and Shell rating system, marking it as the first megatall building in the country to achieve it, according to a press statement on Thursday.

Kimlun Corporation Bhd has bagged a construction contract worth RM150 million for a serviced apartment development project in Johor Bahru.

The Tribunal for Homebuyer Claims, aka Housing Tribunal (Tribunal), has been intended as a fast, cheap and simple avenue for aggrieved house buyers to seek redress. Since its establishment in 2002, numerous buyers have successfully obtained compensations ranging from late delivery of vacant possessions to defective workmanship.

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

AmFirst REIT, a trust which mainly manages office buildings, said on Thursday its fourth quarter net property income fell 7.82% from a year earlier mainly due to higher property expenses.

AmanahRaya Real Estate Investment Trust (REIT), which mainly manages commercial properties, is aiming to achieve a portfolio occupancy rate of at least 90% by the financial year ending Dec 31, 2025 (FY2025).

Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.

LBS Bina Group Bhd has declared total dividends of 2.7 sen per share for the financial year ended Dec 31, 2023 (FY2023), comprising a first interim dividend of 1.35 sen and a final dividend of 1.35 sen.

IGB Real Estate Investment Trust (IGB REIT) reported on Wednesday, a 4.79% jump in its first-quarter net property income (NPI) from a year earlier, thanks largely to higher rental income.

Amalan Setar is expected to hand over 200 affordable housing units in Rawang this year, with a further 800 to 900 units expected to be completed and sold over the next couple of years.