UDA plans to develop 1.62 mil hectares of Malay reserve land
KUALA LUMPUR (Feb 8): UDA Holdings Bhd has plans to develop about 1.
Mofaz seeks to list construction unit in 3 years
KUALA LUMPUR (Jan 15): The Mofaz group of companies has set out towards what would be its maiden listing in at least three years’ time via its property and construction business after acquiring a majority stake in a Chinese family-owned contractor.
Johor wants build 13,000 affordable homes this year
ISKANDAR PUTERI (Jan 9): The Johor government is aiming to build 13,000 units of affordable homes this year, endeavouring to hit the target of 60,000 units in 2020.
PNB foresees 'jump' in 4Q private investment gains from SP Setia-I&P merger
PUTRAJAYA (Sept 29): Permodalan Nasional Bhd (PNB) expects strong income growth in 2017’s fourth quarter (4Q) upon completion of SP Setia Bhd’s RM3.
Sales from new property launches improved in 2H2016, says Rehda
PETALING JAYA (April 19): The number of properties launched in the second half of 2016 (2H2016) almost doubled from 1H2016.
AHB's interim income distribution drops slightly to 3.1 sen per unit
KUALA LUMPUR (April 5): Amanah Hartanah Bumiputera's (AHB) income distribution for the six months ended March 31, 2017 fell to 3.
Rehda introduces Bumi Mapex
PETALING JAYA (Sept 27): The Real Estate and Housing Developers’ Association (Rehda) Malaysia is introducing its inaugural Bumiputera Malaysia Property Expo (Bumi Mapex) targeted at bumiputera homebuyers.
Developers’ duty to build affordable units in Selangor soon
KUALA LUMPUR (Sept 1): Property developers will be required to build affordable units for serviced apartment, small office/home office (Soho) and small office/virtual office (Sovo) projects in Selangor under the state’s new blueprint for housing development, which is expected to be unveiled soon.
Private entities to the fore in SUKE and DASH projects
EARLY this month, Permodalan Nasional Bhd’s (PNB) unit Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) awarded 17 contracts worth almost RM8 billion for the Sungai Besi–Ulu Kelang Elevated Expressway (SUKE) and Damansara–Shah Alam Elevated Expressway (DASH).
Sime Darby to place up to 5% of its shares to raise RM2.37 bil
KUALA LUMPUR (Aug 23): Sime Darby Bhd is proposing a placement up to 316.
