Understanding charge as security instrument
CHARGE is a common form of security registered in favour of the financial institution in exchange for the granting of a loan facility to the purchaser in financing the purchase of property.
Magna Prima names Cheah Len Khoon as new chief executive officer
KUALA LUMPUR (March 4): Magna Prima Bhd appointed Cheah Len Khoon as its chief executive officer effective yesterday.
Eco World International offers 2-for-5 bonus warrants
KUALA LUMPUR (March 3): Eco World International Bhd (EWI), the special-purpose vehicle set up by the EcoWorld Group in 2013 to acquire real estate assets overseas for development that is en route to a listing on the Main Market of Bursa Malaysia will allocate a bonus issue of two warrants in EWI for every five EWI shares held after its initial public offering (IPO).
Ideal Sun City aims to secure 3 contracts worth RM40m in next 6 months
GEORGE TOWN (Feb 24): Property management service provider Ideal Sun City Holdings Bhd aims to secure three contracts worth up to RM40 million in total in the next six months, propelling its transfer to the Main Board on Bursa Malaysia in a year's time.
Chinese villages should embrace homestay concept, says minister
KUALA LUMPUR (Feb 23): The Chinese communities living in new Chinese villages and fishing villages should take advantage of the natural and quaint settings of their settlements by opening up homestay businesses to cater to tourists, especially those from China, according to Tourism and Culture Minister Datuk Seri Nazri Aziz.
Watchdog queries council inaction on Runnymede demolition
GEORGE TOWN (Feb 23): A heritage watchdog in Penang yesterday asked Penang Island City Council (MBPP) why it did not try to prevent several old structures on the Runnymede (pictured) property from being demolished by a developer.
PROPERTY SNAPSHOT: Mont’Kiara's 1Q2015 average price down 2.8% y-o-y
• This week, the spotlight falls on the secondary market of non-landed residences in the trendy enclave of Mont’Kiara.
Tabung Haji terminates services of subcontractor due to delays
KUALA LUMPUR (Feb 19): Lembaga Tabung Haji (LTH) has terminated the services of one of its subcontractors for the Tabung Haji Complex due to delay in works completion.
Inari Amertron to buy Penang land for RM22.8 mil
KUALA LUMPUR (Feb 19): Inari Amertron Bhd plans to acquire a 5.
45% of Sutera at Warisan Puteri 2 2-storey link houses booked within two months
SEREMBAN (Feb 17): The first phase of residential development Sutera at Warisan Puteri 2 by TH Properties Group -- an integrated group wholly owned by Lembaga Tabung Haji -- saw 45% of its homes booked since the project opened for sale in December last year.
