News by THEEDGEMARKETS.COM

The group said it is selling the land with a four-storey detached factory on it to GSH Precision Technology Sdn Bhd.

In a poll released on Wednesday (Dec 15), Zurich Malaysia said this is concerning as the Fire and Rescue Department reported receiving 38,865 calls about fires in 2020, an average of a call every 14 minutes.

The research house's analyst Izzul Hakim Abdul Molob said in a Wednesday (Dec 15) note that residential volume has picked up in the nine months of 2021 (9M21), with higher average transacted price at RM389,000 a unit (pre-pandemic: RM345,000).

The 19th TPDA anchors The Edge Malaysia Property Excellence Awards (TEPEA) 2021, which were presented at the gala dinner on Tuesday (Dec 14) night at the Shangri-La Hotel Kuala Lumpur, and graced by the Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican.

The airports operator said the airports nationwide have a total of 808 commercial outlets, of which 70% have been tendered out previously and a majority of it have been awarded.

In a filing with Bursa Malaysia on Tuesday (Dec 14), the construction and property group said its subsidiary Ireka Development (Terengganu) Sdn Bhd (IDTSB) has accepted a letter of award (LoA) by Koperasi Permodalan Sahabat Terengganu Bhd (KOSAHABAT) to develop the project in Kampung Baru Kuala Abang, Mukim Kuala Abang, Dungun district, Terengganu.

According to a statement on Tuesday (Dec 14), ALAIA Titiwangsa was launched on Dec 11 and 12, in conjunction with the signing of the sale and purchase agreements.

In an article slated to appear in the Dec 31, 2021 issue of Forbes Asia, the magazine keeps the list to a select group of 15.

The engineering solutions provider was responding to a query from Bursa Securities about a news report by The Edge on Friday (Dec 10), which quoted the Malaysian Rating Corp Bhd (MARC), that Serba Dinamik's subsidiary had defaulted on the the latter's US$7 million (about RM29.53 million) semi-annual coupon payment on the outstanding senior Islamic bond.

In the joint statement issued on Monday (Dec 13) by Master Builders Association Malaysia, Real Estate and Housing Developers’ Association Malaysia, Persatuan Kontraktor Melayu Malaysia, Persatuan Kontraktor Bumiputera Malaysia, Guild of Bumiputera Contractors Wibawa, the United Malaysia Contractors Association and Pesatuan Kontraktor India Malaysia, the representatives of the sector said the hike of building material prices have resulted in a 13% to 20% increase in construction cost.