News by Supriya Surendran

“As the scheme caters for the purchase of PR1MA homes, which have selling prices ranging from RM150,000 to RM300,000, I don’t see this being a game changer for the banks involved,” an analyst at MIDF Research said.

"CIMB Bank is pleased to have been selected as one of the four Malaysian banks to provide PR1MA end-financing to facilitate home ownership of houses valued at RM150,000-RM300,000 among the lower-income group.”

In a filing to the stock exchange today, the construction and property development firm said Ng’s resignation was effective yesterday.

Property developers that are hoping to get a break via the relaxation of property market cooling measures in the soon-to-be tabled Budget 2017, should not hold their breath, say analysts.

The proposed development on the tracts will comprise commercial shops, serviced apartments and affordable homes, said Titijaya. It expects to start the project in the second half of next year, with targeted completion by the second half of 2027.

Kerjaya Prospek Group Bhd executive chairman Datuk Tee Eng Ho and his brother Tee Eng Seng, who is the group’s executive director,  have emerged as substantial shareholders in Eastern & Oriental Bhd.

IWCity said the lands are located along Jalan Sungai Danga, Johor, and about 10 kilometres north-west of Johor Bahru city.

PRG said the reason for the listing is to allow the group and its manufacturing business to have separate fundraising platforms in the debt and equity capital markets...

For its construction division, Gamuda — the project delivery partner (PDP) for KVMRT Line 1 and KVMRT Sungai Buloh-Serdang-Putrajaya (Line 2) — shared that as of August, KVMRT Line 1 was at 91% completion.

“We are mindful of the challenging business environment where a slowing global economy and the rising cost of living have affected consumer sentiment.”