KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda), in welcoming the appointment of Datuk Chor Chee Heung as Housing and Local Government Minister, is optimistic he would continue with the existing open-door consultation approach adopted in the housing industry.

KUALA LUMPUR: The rising cost of building and construction materials in Asia is still at a manageable level, said the Master Builders Association of Malaysia (MBAM).

KUALA LUMPUR: Real Estate and Housing Developers' Association (Rehda) Malaysia condemns the acts of governing officials in purchasing low-cost housing meant for low-income groups as reported in a daily newspaper on May 21.

KUALA LUMPUR: The quality and standard of new property developments in the city, rivalling some of the region’s best, is a story waiting to be discovered, said N K Tong.

The newly-elected 2010-12 chairman of Real Estate and Housing Developers’ Association (Rehda) Kuala Lumpur Branch said the city’s real estate seemed to have benefitted from the recent global economic meltdown.

KUALA LUMPUR: Datuk Ng Tiong Lip, better known as Datuk Jeffrey Ng, 53, has resigned as an executive director  at Sunway City Bhd (SunCity) effective May 20, said a Bursa Malaysia announcement on the same day. 

The former Managing Director of Asia Pacific Land Berhad was appointed to the Board of SunCity on March 3, 2008. 

KUALA LUMPUR: A legislative framework is key to ensure wide-spread adoption of green technology, said several experts in the field.

KUALA LUMPUR: The Housing and Local Government Ministry is reviewing the Uniform Building By-laws to make Malaysian buildings more environment-friendly. The review of the By-laws will incorporate green building technologies and features.

KUALA LUMPUR: In the seven years since it was set up, the Malaysian Tribunal for Homebuyers Claims has been flooded with nearly 4,000 cases annually, or an average of 10 complaints daily, from disgruntled purchasers.

We initiate coverage on Glomac with a Trading Buy call and a CY10 Target Price of RM1.83 based on 0.94x CY10 P/NTA, which is the average valuation for its closest comparable peers. Its cheap valuation, estimated at 0.7x CY10 P/NTA coupled with potentially strong earnings recovery in the immediate term, could well spur a rerating on the stock.

KUALA LUMPUR: Malaysian property developers are bracing for costlier steel, prompting the need to raise real estate prices against a backdrop of rising construction cost to preserve profit margins.