Titijaya unveils The Ria serviced apartments on Saturday
Titijaya Land Bhd (KL:TITIJYA) unveiled its latest serviced apartment development called The Ria last Saturday (July 27), according to a press statement on Sunday.
US data centre firm Equinix invests RM23m to expand capacity in Malaysia
US data centre company Equinix Inc announced on Monday, a RM23 million investment to acquire land in Cyberjaya, Selangor, to expand its data centre capacity.
Ecofirst’s 4Q net profit more than doubles amid improved sales conversion
Property developer Ecofirst Consolidated Bhd (KL:ECOFIRS) said on Monday its net profit for the fourth quarter more than doubled from a year earlier thanks to higher sales conversion rate for the KL-48 project.
Lawyer poses queries on homebuyers' rights after Federal Court provides clarity on Ang Ming Lee decision
While the Federal Court last Friday (July 26) provided some clarity on the landmark Ang Ming Lee decision made in 2019 by ruling that it is only applicable prospectively, a lawyer has posed some queries on the limitation of filing a claim within six years and the rights of homebuyers.
Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford
Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).
Kumpulan Kitacon bags RM54.5m job to build houses in Rawang
Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.
Latest apex court decision on Ang Ming Lee case fair and balanced, provides clarity — lawyers
The Federal Court’s latest ruling on Friday, that the Ang Ming Lee decision should be applied prospectively, is fair and balanced, said senior lawyer Leonard Yeoh, who is familiar with matters related to housing and developers.
Federal Court’s judgement in Ang Ming Lee case relieves developers from retrospective suits
On Nov 26, 2019, the Federal Court, which is Malaysia’s apex court, delivered a judgement to declare Regulation 11(3) of the Housing Development (Control and Licensing) Regulations 1989 as void in Ang Ming Lee & Ors vs Menteri Kesejahteraan Bandar, Perumahan dan Kerajaan Tempatan & Anor and other appeals (AML).
REHDA Malaysia welcomes Federal Court’s ruling involving the delivery period of properties in Prema Bonanza Sdn Bhd and Sri Damansara Sdn Bhd case
The Real Estate and Housing Developers’ Association (Rehda) Malaysia welcomed the Federal Court’s ruling on the cases involving Prema Bonanza Sdn Bhd and Sri Damansara Sdn Bhd on Friday, which removed the uncertainties in the determination of the delivery period of properties
Apex court rules Ang Ming Lee housing decision is to be applicable prospectively, not retrospectively
The Federal Court on Friday unanimously decided that the Ang Ming Lee decision made by the apex court in 2020, which has been bugging housing developers over the years despite gaining extension of time (EOT) prior to that landmark ruling, is applicable prospectively and not retrospectively.
