Property sector Maintain underweight: On Wednesday, Prime Minister Datuk Seri Najib Razak (pictured) announced the launch of the First Home Financing Scheme (MyDeposit) as tabled in Budget 2016.
KUALA LUMPUR (April 7): The MyDeposit scheme, which was announced in Budget 2016 to assist the middle-income group, was implemented yesterday, said Prime Minister Datuk Seri Najib Razak (pictured).
PETALING JAYA (Feb 24): Selangor Dredging Bhd (SDB) will be focusing on the sales of its property projects that are currently under construction as it seeks to maintain the strength of its strong balance sheet this year, the group said in a press statement today.
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Construction sector Maintain overweight: The government has reduced development expenditure by RM4.
KUALA LUMPUR (Jan 28): The revisions to Budget 2016 pertaining to the property market have drawn mixed responses from the industry.
KUALA LUMPUR: Selangor Dredging Bhd (SDB) is proposing to develop 588 units of residential properties with a gross development value of RM450 million on two pieces of land it is acquiring in Ulu Klang, Selangor.
HOKKAIDO (Jan 20): Sustainable hostel MY ecolodge by Low Yat Group was officially launched in Hokkaido, Japan on Dec 1 last year.
KUALA LUMPUR (Jan 13): A new entity formed via a joint venture between UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET), and Township Management Services Sdn Bhd (TMS) — which is a wholly-owned subsidiary of Medini Iskandar Malaysia Sdn Bhd, will kick off its township management services this year, specifically for building owners and residents of Medini and Iskandar Puteri (formerly known as Nusajaya) townships in the Iskandar Malaysia region in Johor Bahru.
ABOUT three weeks ago, UEM Edgenta Bhd (formerly Faber Group Bhd) forked out RM128 million in cash and shares for an 80% stake in privately held KFM Holdings Sdn Bhd, a company largely known for being a facility management outfit.
• Long established as the expatriate and embassy enclave of Kuala Lumpur, Ampang is home to among the city’s most exclusive addresses.
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