MBAM: IBS can help reduce construction cost

KUALA LUMPUR (Oct 24): Malaysian builders should adopt the use of Industrialised Building System (IBS), especially the modular method, as this could speed up the building process while reducing labour and waste, said Master Builders Association Malaysia (MBAM) president Foo Chek Lee.

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‘Developers are not making obscene profits’

PETALING JAYA (Oct 24): Contrary to popular belief, property developers in Malaysia are not making huge profits, said Real Estate and Housing Developers' Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon (pictured).

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EDL sale will give MRCB ‘sound footing, financially’

KUALA LUMPUR (Oct 18): Malaysian Resources Corp Bhd (MRCB) will use the proceeds from the disposal of its stake in MRCB Lingkaran Selatan Sdn Bhd, the concession holder of the Eastern Dispersal Link (EDL) Expressway in Johor, to settle debts and fund future property developments.

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PJ Development selling three hotels

PJ Development Holdings Bhd (PJD), which is in the process of being taken private by Tan Sri Ong Leong Huat’s flagship OSK Holdings Bhd, is looking to divest three of its hotels — one each in Pahang, Johor and Kedah — for an estimated RM200 million.

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