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Ireka to develop RM58m affordable, mixed housing development project in Terengganu

In a filing with Bursa Malaysia on Tuesday (Dec 14), the construction and property group said its subsidiary Ireka Development (Terengganu) Sdn Bhd (IDTSB) has accepted a letter of award (LoA) by Koperasi Permodalan Sahabat Terengganu Bhd (KOSAHABAT) to develop the project in Kampung Baru Kuala Abang, Mukim Kuala Abang, Dungun district, Terengganu.

Tago launches ALAIA Titiwangsa

According to a statement on Tuesday (Dec 14), ALAIA Titiwangsa was launched on Dec 11 and 12, in conjunction with the signing of the sale and purchase agreements.

Johor collaborates with property developers to build 115,000 affordable homes

115,000 affordable houses are intended to be built through the Special Johor Housing Programme as the state’s Housing and Local Government Committee chairman Ayub Jamil shared that 153,000 units of affordable units have been pending for the last 24 years despite developers receiving planning approval.

Serba Dinamik says yet to receive default notice on its US$222 mil sukuk

The engineering solutions provider was responding to a query from Bursa Securities about a news report by The Edge on Friday (Dec 10), which quoted the Malaysian Rating Corp Bhd (MARC), that Serba Dinamik's subsidiary had defaulted on the the latter's US$7 million (about RM29.53 million) semi-annual coupon payment on the outstanding senior Islamic bond.

Government urged to tackle building material price hike issue

In the joint statement issued on Monday (Dec 13) by Master Builders Association Malaysia, Real Estate and Housing Developers’ Association Malaysia, Persatuan Kontraktor Melayu Malaysia, Persatuan Kontraktor Bumiputera Malaysia, Guild of Bumiputera Contractors Wibawa, the United Malaysia Contractors Association and Pesatuan Kontraktor India Malaysia, the representatives of the sector said the hike of building material prices have resulted in a 13% to 20% increase in construction cost.