Hening at Putrajaya 40% booked during weekend launch
PUTRAJAYA (Dec 19): Putra Perdana Development Sdn Bhd’s (PPD) latest landed development launch, Hening, was 40% booked over the weekend following its official launch on Saturday (Dec 16).
Bina Puri bags its first power project in Malaysia
KUALA LUMPUR (Dec 19): Bina Puri Holdings Bhd has bagged a project from the Energy Commission to develop a 5mw solar photovoltaic plant in Kunak, Sabah under the commission’s large-scale solar plant initiative to increase penetration of renewable energy in the country.
Rapid rise in house prices since 2008 could cause future instability, says World Bank
PETALING JAYA (Dec 19): The rapid rise of Malaysia’s real housing prices since 2008 could be a source of future instability, the World Bank said in a recent report.
Econpile secures RM32.8m piling contract
KUALA LUMPUR (Dec 18): Econpile Holdings Bhd has secured a RM32.
Paris tops Knight Frank’s Prime Residential City Forecasts
PETALING JAYA (Dec 18): Paris tops the list of cities with most growth potential, with a projected 9% price growth following years of slow capital appreciation as it benefits from the Eurozone’s improved economic outlook, said global property consultancy Knight Frank.
LBS Bina sets up RM500m sukuk programme
KUALA LUMPUR (Dec 15): LBS Bina Group Bhd will set up a RM500 million Sukuk Murabahah programme to finance future acquisitions and development cost of the projects undertaken by the group, to repay borrowings, as well as for working capital.
Eco World Development FY17 net profit at RM210m on higher revenue
KUALA LUMPUR (Dec 15): Eco World Development Group Bhd said fourth quarter net profit rose 15% to RM33.
Johari confirms freeze applies nationwide but not a blanket ban
KUALA LUMPUR (Dec 15): Finance Minister II Datuk Seri Johari Abdul Ghani reaffirmed that the freeze on shopping mall, office and high-rise residential projects of RM1 million and above applies nationwide, but developers can still submit their project proposals for consideration.
EcoWorld cuts sales target for FY18 to focus on existing projects
KUALA LUMPUR (Dec 15): Eco World Development Group Bhd (EcoWorld) will lower its financial year ending Oct 31, 2018 (FY18) sales target to RM3.