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S P Setia confirms Khor as executive president and CEO

S P Setia Bhd has confirmed its acting president and chief executive officer Datuk Khor Chap Jen as executive president and CEO, Datuk Wong Tuck Wai as deputy president and chief operating officer, and Choy Kay Yew as chief financial officer, effective April 1.

UEM Group, MMC Corp seen among Pan Borneo highway contenders

AmInvestment Bank said it does not preclude the possibility of seeing Peninsular-based contractors being invited to set up joint ventures (JVs) to bid for jobs, after The Edge Weekly reported that UEM Group Bhd, MMC Corp Bhd and Warisan Tarang Construction Sdn Bhd are teaming up for the Sabah portion of the Pan Borneo Highway.

If can’t afford to buy, why not rent?

Dissatisfaction over expensive home prices has been escalating in Malaysia in recent years, with prices now reportedly beyond the reach of an average worker in key states like Kuala Lumpur and Penang. The situation, as many have lamented, is also not helped by the government’s move towards rationalising subsidies and the introduction of the goods and services tax last year.

MRCB’s Penang Sky Cab to begin construction in 1Q2018

Malaysian Resources Corp Bhd (MRCB)’s Penang Sky Cab, a 4.8km cable car system first mooted by the state government in March last year to connect mainland Penang in Butterworth and Jelutong in Penang Island, is expected to begin construction in the first quarter of 2018 (1Q2018).

Shift to affordable sector may strain developers’ margins

The shift of focus to affordable housing below the RM500,000 per unit range, which has been seeing more resilient demand than higher-end properties, may strain the margins of developers, especially those who are not traditionally involved in this housing category, said Kenanga Investment Bank.

Bandar Rimbayu’s Penduline first phase achieves 90% sales

The houses – located in IJM Land Bhd’s Bandar Rimbayu near Kota Kemuning in Telok Panglima Garang, Klang – have built-ups of between 1,751 sq ft and 2,021 sq ft and land area of 20t by 70ft, and are priced from RM625,000, or RM356 psf.

Desa Impian in KK to launch by 3Q2016

The 72-acre project will be developed over 10 years and comprise 7,800 apartments across 15 blocks and an integrated commercial component.