Platinum Victory unveiled Platinum Casa Danau Residences
KUALA LUMPUR (Feb 14): Platinum Victory has launched its first project of the year, Platinum Casa Danau Residences with an estimated gross development value (GDV) of RM156.
Cahya Mata unit raises cement prices amid rising production cost
KUALA LUMPUR (Feb 14): Cahya Mata Sarawak Bhd (CMS) said its wholly-owned subsidiary, CMS Cement Industries Sdn Bhd, will raise its price of cement by an average of 10% subject to product types and location.
Financing alone not enough to address B40, M40 homeownership, says Nor Shamsiah
KUALA LUMPUR (Feb 11): The issue of homeownership among the bottom 40% (B40) and middle 40% (M40) income groups “cannot be addressed by financing alone", rather by also dealing with the acute supply and demand mismatch and improving house price transparency, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.
Water must be flowing and electricity running when handing over Vacant Possession: says Court of Law
The Delivery of Vacant Possession (VP) under Housing Development (Control and Licensing) Act 1966 (HDA 1966) has presented a perennial question to purchasers: Why are the purchasers being delivered purportedly completed housing property that could not be occupied due to not having an actual supply of running water and electricity? Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’.
Iskandar Capital announces mega project of 3,000 acres in Iskandar Puteri
PETALING JAYA (Feb 11): Iskandar Capital Sdn Bhd announced a mixed-income housing (MIH) project that will be developed in Wawari, a 3,000-acre sustainable development in Iskandar Puteri, Johor.
i-City invests RM10m for Metaverse theme park enhancement
KUALA LUMPUR (Feb 10): i-City has announced a RM10 million digital transformation plan to enhance its theme park with a Metaverse experience.
S P Setia ventures into healthcare industry
KUALA LUMPUR (Feb 10): S P Setia Bhd, through its subsidiary Setia HC Ventures Sdn Bhd, has signed an agreement with Qualitas Medical Group Sdn Bhd (Qualitas) to jointly develop and operate an Ambulatory Care Centre (ACC) in Setia Alam, Shah Alam.
Lendlease acquires 1.2 acres in TRX with plans to develop mixed-development
KUALA LUMPUR (Feb 10): Lendlease, Sydney-based property developer, has acquired a 1.
Colony inks co-working space deal to house Carsome’s expanded HQ
KUALA LUMPUR (Feb 10): Colony Space Asia Sdn Bhd has signed a six-year co-working space deal with integrated car e-commerce platform Carsome, involving 41,860 sqft of office space across four floors of KYM Tower in Mutiara Damansara.
