Fututech changes name to Kerjaya Prospek
KUALA LUMPUR (Jan 22): Construction firm Fututech Bhd has changed its name to Kerjaya Prospek Group Bhd.
Residents assured of minimal discomfort during 24-hour tests for LRT
KUALA LUMPUR (Jan 21): Prasarana Malaysia Bhd has assured residents it will take steps to minimise any discomfort and inconvenience when it runs comprehensive tests on its six-car trains on a new stretch of the extended Ampang LRT line beginning tomorrow.
Housing NPLs expected to increase, says property consultant
KUALA LUMPUR (Jan 20): Housing non-performing loans (NPLs) are expected to increase this year, although it won’t be at the level seen during the financial crisis in the late-1990s, according to VPC Alliance (Malaysia) Sdn Bhd managing director James Wong (pictured).
Terror groups target Bangsar, Bukit Bintang, Hartamas; security at LRT stations tightened
KUALA LUMPUR (Jan 18): Terror groups are targeting Bukit Bintang, Hartamas, Bangsar and malls, such as Publika and The Curve, Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor said yesterday.
First new train for Kelana Jaya LRT line operational by May, says Prasarana
PULAU INDAH (Jan 18): Prasarana Malaysia Bhd, the owner and operator of Malaysia's light-rail transit (LRT) networks, said that the first of its 14 new trains for the Kelana Jaya line would be operational by May this year.
Ewein's unit buys 50 acres of land in Penang for RM2.83 bil
KUALA LUMPUR (Jan 15): Ewein Bhd's 60%-owned subsidiary Ewein Zenith Sdn Bhd (EZ) has been granted the right to acquire three parcels of land at Bandar Tanjong Pinang, Penang for a total of RM2.
MREITs may acquire more assets this year
MALAYSIAN real estate investment trusts (MREITs) may step up acquisitions this year as the rental reversion cycle peaked in 2014, which helps with asset valuations said Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy (pictured).
UEMSET-Medini Iskandar to kick off township management services JV this year
KUALA LUMPUR (Jan 13): A new entity formed via a joint venture between UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET), and Township Management Services Sdn Bhd (TMS) — which is a wholly-owned subsidiary of Medini Iskandar Malaysia Sdn Bhd, will kick off its township management services this year, specifically for building owners and residents of Medini and Iskandar Puteri (formerly known as Nusajaya) townships in the Iskandar Malaysia region in Johor Bahru.
E&O to launch projects worth about RM1 bil in 1H2016
DESPITE the current weak market conditions, property developer Eastern & Oriental Bhd (E&O) is planning about RM1 billion worth of launches locally in the next six months (1H2016).
