News about ER

KUALA LUMPUR (July 7): Putrajaya will use the open tender system extensively for government projects, especially for large scale ones, to make sure that public funds are well spent, Bernama reported Minister of Works Baru Bian saying today.

KUALA LUMPUR (July 7): The construction of The Address in Taman Desa is expected to be temporarily suspended until after a judicial review in Aug 28, according to the Protect Taman Desa Coalition (PTDC).

KUALA LUMPUR (July 7): News that the Housing and Local Government Ministry is in talks with Bank Negara Malaysia to draw out the guidelines for a more relaxed loan scheme for some homebuyers may raise hopes of better earnings for the property firms.

KUALA LUMPUR (July 7): Datuk Tony Tiah Thee Kian earlier this week launched a mandatory takeover offer (MGO) for TA Enterprise Bhd at 66 sen per share after acquiring 14.

KUALA LUMPUR (July 6): The Housing and Local Government Ministry (KPKT) will initiate an investigation into the business activities, dealings and performance of the 1Malaysia People’s Housing Programme’s (PR1MA), minister Zuraida Kamaruddin (pictured) told a publication today.

PETALING JAYA (July 6): Eco World International Bhd’s (EWI) maiden Melbourne project, the A$243 million Yarra One tower began construction today.

The government has acted to cool the red hot residential property market.

Perdana Parkcity Sdn Bhd KC Chong Perdana Parkcity Sdn Bhd chief marketing officer “We remain positive about the property market moving forward as the company believes the right product by reputable developers, with good quality, in strategic locations, will still be in demand.

PETALING JAYA (July 6): The members who were appointed by the previous government into the advisory board of the Kuala Lumpur City Hall (DBKL) have voiced their readiness to resign, subject to proper procedure.

Paramount Property Beh Chun Chong  Paramount Property CEO “The improved property market is expected to sustain until the end of the year.