The trouble with affordable housing supply
PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.
EPF invests RM250 mil in industrial development fund
PETALING JAYA (Nov 6): The Employees Provident Fund (EPF) has invested RM250 million into the AREA Industrial Development Fund (AIDF-1), for a 40% share, said EPF CEO Datuk Shahril Ridza Ridzuan at the launch of the fund yesterday.
DONE DEAL: Saville Melawati serviced apartment in Taman Desa Melawati, Kuala Lumpur
Sold for: RM510,000 or RM506 psf Concluded by: Jack Tian of Hartamas Real Estate (OUG) Sdn Bhd (016 434-4681) When: Aug 26 Noteworthy: *1,007 sq ft * Freehold * Serviced apartment * 3 bedrooms, 2 bathrooms * 3.
MRT Corp proposes solution to avoid demolition of Ampang Park Shopping Centre
KUALA LUMPUR (Nov 6): Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has proposed a new design for the Ampang Park MRT station that will not require its namesake, the country’s first shopping centre, to be demolished.
OSK Property honoured on Forbes Best Under a Billion list
KUALA LUMPUR (Nov 5): OSK Property Bhd has been named on Forbes Asia’s Best Under a Billion 2015 list.
CIDB: Sustainable construction a game changer for industry
KUALA LUMPUR (Nov 5): The country has, under the Eleventh Malaysia Plan 2016-2020 (11MP), identified “sustainable construction” as the game changer for the construction industry, said Construction Industry Development Board (CIDB) Malaysia chief executive Datuk Dr Judin Abdul Karim (pictured) at the Zofnass Programme Symposium held at Harvard University in the US recently.
MRCB-Quill REIT reports 76% on-year 3Q profit rise
KUALA LUMPUR (Nov 5): MRCB-Quill REIT reported net profit of RM15.
Sanichi active, up 17.65% as management upbeat on property division
KUALA LUMPUR (Nov 5): Precision plastic injection moulding fabricator Sanichi Technology Bhd's shares drew investors' interest, after the group said it aims to reap an annual profit of up to RM13 million from its maiden property project for the next three years.
