News about S

GEORGE TOWN: GUH Holdings Bhd plans to reduce its reliance on the revenue contribution of its core business of printed circuit board (PCB) — which is used in a range of electronic devices like refrigerators to audiovisual equipment — by 30% in the next five years, by shifting its focus to property development and public utility for more stable income streams.

KUALA LUMPUR: Property developers hope the developer interest bearing scheme (Dibs) will make a comeback in Budget 2016, a controversial property financing scheme that was banned in 2014 as part of the government's cooling measures.

KUALA LUMPUR: A two-year-old mall-cum-hotel in Bandar Seri Iskandar, Perak has captured the attention of investors, including a listed real estate investment trust (REIT), sources said.

KUALA LUMPUR (Oct 19): Prime Minister Datuk Seri Najib Razak yesterday advised Kampung Baru residents to keep their land as the value will increase due to the many developments the government has planned for Kuala Lumpur’s last remaining Malay enclave.

KUALA LUMPUR (Oct 19): Master Builders Association Malaysia (MBAM) hopes to see a greater reduction in import duties for heavy construction machinery as well as a normalisation of foreign workers under the 6P Programme to Temporary Work Permit (PLKS) status, which can be renewed instead of deporting them back, in this Friday's Budget 2016 announcement.

THE current cautious sentiment and oversupply situation in Iskandar Malaysia are making it tough for developers and investors to unload their properties — it can take months to dispose of a property and even then, it may have to come with a double-digit price cut, according to Chestertons Singapore managing director Donald Han.

This week the spotlight falls on non-landed residential properties in the Ampang municipality in Selangor.

Dogs and cats may be the most popular pet choices but for practical reasons, they are often not allowed to be kept in apartments because of concerns about their hygiene and the noise they can make.

IN the general housing rental market, the student accommodation sector has become increasingly popular with investors, thanks to the rising number of tertiary institutions attracting both local and overseas students.

KUALA LUMPUR (Oct 17): From its beginnings in plywood production and manufacturing, Penang developer Asia Green Group has become a diversified business entity with a fast-growing property development business.