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IBS adoption in Malaysia remains low: CIDB

Crucial issues hindering wider implementation of IBS are the limited enforcement of IBS requirements as per the IBS Roadmap 2011-2015, a lack of IBS expertise in the market, the lure of cheap labour for construction in Malaysia, cash flow problems for contractors, and minimal economies of scale for smaller developers.

1MDB selling Bandar Malaysia stake for RM7.41b

1MDB is selling 60% of Bandar Malaysia Sdn Bhd to a consortium comprising Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd for RM7.41 billion.

GSB to be property arm of Fututec’s Tee

At the present time, Datuk Tee Eng Ho’s only listed company is Fututec Bhd, whose name will be changed to Kerjaya Prospek Group Bhd and which will be the construction arm of the group.

Kobay sells unused property for RM7 mil

Kobay’s wholly owned subsidiary Paradigm Precision Machining Sdn Bhd (PPM) is set to sell the leasehold land, which comes with a single-storey factory, to clothing manufacturer Messrs TopFur Dressing Industries Sdn Bhd.

MyEG's acquisition of strata offices in Empire City delayed

KUALA LUMPUR (Dec 30): The completion of My E.G. Services Bhd (MyEG)'s acquisition of 22 storeys of stratified parcels in the 45-storey Iconic Office Block at Empire City, Damansara, has been set back by the incompletion of the building.