News about ER

KUALA LUMPUR (Nov 2): Seacera Group Bhd has aborted a plan to acquire Duta Nilai Holdings Sdn Bhd for RM220 million.

KELANA JAYA (Nov 2): Budget 2017 may seem favourable to the construction sector as many infrastructure projects have been announced, but Master Builders Association Malaysia immediate past president Datuk Matthew Tee said the  effect may be limited as only a few big players will be awarded the jobs.

KELANA JAYA (Nov 2): Housing prices  could only come down to the affordable level if all stakeholders were  willing to work together to bring down the development cost, said Rehda (Real Estate and Housing Developers’ Association) Institute chairman Datuk Jeffrey Ng Tiong Lip.

The proposed implementation of eLelong by the Chief Registrar’s Office of the Federal Court of Malaysia (CRO) is aimed at mitigating issues surrounding the property auction process, particularly when it comes to syndicates.

KUALA LUMPUR (Nov 2): Malaysia has secured Chinese construction expertise and financing for the proposed East Coast Rail Link (ECRL), estimated to cost RM55 million, during Prime Minister Datuk Seri Najib Razak’s week-long official visit to the republic which began yesterday.

KUALA LUMPUR (Nov 2): Tan Sri Desmond Lim Siew Choon, the executive chairman of Malton Bhd, has surfaced as the single-largest shareholder of WCT Holdings Bhd after acquiring a 19.

Market performance remained sluggish in the first half of this year as property transaction numbers in the country continued their downward trend.

KUALA LUMPUR (Nov 1): The Ministry of Urban Wellbeing, Housing and Local Government said it is working on a paper to be submitted to the National Housing Department (JPN) for the standardisation of land costs and the quota for low-cost housing, which differs between the different states in the country.

SINGAPORE (Nov 1): The slowdown continues for Singapore’s property developers and real estate investment trusts (REITs), according to 3Q16 data by the Urban Redevelopment Authority (URA).

KUALA LUMPUR (Nov 1): The occupancy rate of offices in Kuala Lumpur city has fallen to 83% from nearly 90% in 2H2015.