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‘Nexgram’s RM47 mil consultation fee is justifiable’

Nexgram group executive director Alan How noted that the consultant’s fee for a property development project is usually in the range of 8% to 12%. Based on estimated total construction costs of RM906 million, Nexgram’s consultation fee could increase to as high as RM108 million.

MBAM, trade partners discuss issues relating to foreign workers

MBAM and 26 trade partners discussed several issues at today's MBAM Affiliate Dialogue 2015. Among them is the appeal to the government to extend the status of foreign workers under the 6P programme, which will expire at the end of this year.

Hong Kong shines over the rest of Asia

Hong Kong’s residential property prices surged by 16.43% during the year to 2Q2015, a sharp turnaround from a drop of 0.66% during 2Q2013 to 2Q2014.

Glomac sees flattish 1Q profit amid soft property market

The group’s revenue for the period grew 15.5% to RM123 million from RM106.5 million in 1QFY15, mainly due to steady construction progress in Glomac’s ongoing projects, namely Lakeside Residences, Saujana Rawang, Glomac Centro and Reflection Residences.