News about Malaysia

KUALA LUMPUR (Jan 10): The prices of four most-utilised building materials, namely steel, cement, ready-mixed concrete and sand, are not the contributing factors in rising housing costs, says the Malaysia Competition Commission (MyCC).

KUALA LUMPUR (Jan 9): Mitrajaya Holdings Bhd has been appointed as the main building works contractor for a public housing project in Precint 17, Putrajaya.

PETALING JAYA (Jan 8): Syarikat Perumahan Negara Bhd (SPNB) Mesra Sdn Bhd will build 8,000 units of Rumah Mesra Rakyat 1Malaysia (RMR1M) – including 5,000 homes for second generation Felda settlers – across Malaysia this year.

KUALA LUMPUR (Jan 8): More than three years on, KUB Malaysia Bhd, which holds the A&W franchise in Malaysia, is still waiting for the Petaling Jaya City Council (MBPJ) to approve its redevelopment plan to build two office towers at its iconic A&W restaurant in Section 52, Petaling Jaya.

PETALING JAYA (Jan 6): Where exactly is the location of the tract Bank Negara Malaysia (BNM) is buying for RM2 billion? The landing, sprawling 55.

KUALA LUMPUR (Jan 5): AMMB Holdings Bhd is terminating its joint venture with Singapore-based ARA Asset Management (Malaysia) Ltd, and is instead signing a new agreement with Amcorp Properties Bhd to manage its real estate investment trust.

KUALA LUMPUR (Jan 4): Vivocom Intl Holdings Bhd has bagged an RM143 million contract from Almaventures Development Sdn Bhd to build a 44-storey block housing 902 units of affordable housing, with seven floors of car park, on Jalan Gombak, Setapak here.

KUALA LUMPUR (Jan 3): As the Mass Rapid Transit (MRT) line is rapidly gaining wide acceptance and changing commuter patterns, properties will increasingly be assessed by the distance from the stations, said Savills Malaysia Sdn Bhd (Savills) managing director Datuk Paul Khong.

KUALA LUMPUR (Jan 3): Malaysia is the most attractive place for retail brands to expand into Southeast Asia, thanks to its strategic location, low taxes, and barriers to entry compared with other countries in the region, said Savills Malaysia Sdn Bhd (Savills) deputy executive chairman Allan Soo.

KUALA LUMPUR (Jan 3): MCT Bhd rose as much as 1.