KUALA LUMOUR: Quek Cham Hong has been redesignated as a non-executive director of Dijaya Corporation Bhd, the group announced on Bursa Malaysia on Wednesday, Sept 8.

KUALA LUMPUR: Resident associations may set up guarded neighbourhoods if a minimum of 51% of residents agree, said Housing and Local Government Minister Datuk Chor Chee Heung.

ACT (Australian Capital Territory): The Real Estate Institute of Australia’s (REIA) Deposit Power Housing Affordability Report, which was released recently, showed a sixth consecutive quarterly decline in housing affordability in Australia.

KUALA LUMPUR: The family of a veterinarian who was killed during a landslide at Taman Bukit Mewah, Bukit Antarabangsa in Ampang, two years ago, has filed a negligence suit amounting to RM1.73 million against the developer of the housing area and a water supply company.

KUALA LUMPUR: There is an increasing trend of foreign construction workers undertaking small-scale construction and renovation works - this is posing a serious threat to the livelihood of legitimate local contractors as they often charge lower price, says Master Builders Association Malaysia (MBAM).

KUALA LUMPUR: Zecon Bhd is expected to record RM8.11 million in profit from the disposal of 3.186 ha of land in Kuching to CMS Property Development Sdn Bhd for RM22 million.

Zecon said on Wednesday, Sept 8 that the land was situated at Tanah Puteh, Kwong Lee Bank Road, Kuching and the original cost of investment was RM11.18 million on March 28, 2005.

KUALA LUMPUR: The Singapore government’s recent decision to impose its third batch of measures to encourage greater financial prudence among property buyers and to stabilise property prices would benefit banks, according to Moody’s Investors Service.