News by Tan Siew Mung

Nowadays whenever people talk about buying properties, more often than not, they blame banks for not lending enough.

When the Malaysia-China Kuantan Industrial Park (MCKIP) was launched in 2013, there were generally no high expectations of the project. Many just viewed it as another “corridor” that would probably involve a slew of land deals.

The latest data from the Statistics Department shows that the inflation, as measured by the Consumer Price Index (CPI), eased further to 1.1% y-o-y in July from 1.6% y-o-y in June. The reading came in slightly below consensus expectations of a 1.2% increase.

It aims to pay out 25% to 30% of its net profit as dividends while conserving cash for landbank replenishment.

Hua Yang Bhd is confident of achieving its property sales target of RM500 million, underpinned by two launches in the second half of this year.

The project will commence upon site possession, with completion within 24 months.

Ajiya Bhd will partner Sarawak-based IMAG Development & Construction Sdn Bhd (Imag) to develop a housing project to be awarded by Prima Corporation Malaysia (PR1MA).

According to SEB’s filing yesterday, Scomi Coach Sdn Bhd, a wholly-owned unit of Scomi Transportation Systems Sdn Bhd, which is SEB’s wholly-owned subsidiary, together with SEB inked a sale and purchase agreement and a leaseback agreement with Axis REIT.

Bina Puri Holdings Bhd has bagged an RM80 million contract from Arus Sutera Sdn Bhd to provide project management consultancy services for 440 units of walk-up flats under the People's Housing Project in Pitas, Sabah.