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We are not too concerned about construction cost, says Soam

Real Estate and Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon: We need to give them some time to build up the stock and balance the demand and supply to see the price normalised. We are not too concerned about this

REHDA: 2021 is washout year, all eyes on a better 2022

President Datuk Soam Heng Choon: We went into a lockdown from June 2021 to the end of August/September, and sales activities could only started opening up in September and October -- they can see that 2H2021 is almost a washout

IGB Bhd subsidiary sells 50% stake in property investment firm for nearly RM600m

In a statement to Bursa Malaysia on Thursday (Oct 21), IGB Bhd said VSB and Tower Ray Ltd (TRL), which each owned a 50% stake in BPL prior to the sale, on Wednesday (Oct 20) entered into the sale and purchase agreement with HNG and VSB’s holding company IGB Corp Bhd to sell VSB and TRL’s stakes in BPL to HNG for a collective £208.75 million