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Chor: There are challenges to meet housing demand in all segments

KUALA LUMPUR: The challenge for the local housing industry is no longer about insufficient housing stock, especially in the affordable housing segment, but rather about ensuring that there are enough houses for various income segments of society and its sustainability.Local Government and Housing Minister Datuk Wira Chor Chee Heung stated that the key challenges facing the housing industry were

SunCity’s first gated project in Penang

GEORGE TOWN: Sunway City Bhd (SunCity) plans to launch its first gated and guarded landed residential project with a gross development value (GDV) of RM800 million in Penang next year. SunCity recently entered into a sale and purchase agreement (S&P) with Sungai Ara Holdings Sdn Bhd to acquire the 32.74ha site for the project in Sungai Ara at RM38.77 million.

Life is a Ponzi Scheme

FEELING happy? I can change that. Think back over your life since you entered the workforce. Think you’re getting ahead? Ask yourself if your quality of life is genuinely honest and in all respects better than when you were (1) single (2) just a junior employee (3) unburdened by debt and family obligations and (4) better looking.

New World core profit surges 72% to HK$6.08b

HONG KONG: New World Development's underlying profit surged 72.4% to HK$6.08 billion (RM2.43 billion) for the year to June, thanks to strong property sales in Hong Kong and China.

Net profit, including property revaluation gains, jumped 457% to HK$11.61 billion from HK$2.08 billion a year earlier. Turnover grew 24% to HK$30.22 billion.