ML Global bags RM38m MBI Selangor contract
KUALA LUMPUR (Aug 8): ML Global has bagged a demolition and reconstruction works contract for Menteri Besar Selangor Incorporated (MBI Selangor) worth RM38 million.
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Main building contract for Aira Residence awarded to Grand Dynamic Builders
PETALING JAYA (Aug 8): Property developer Selangor Properties Bhd (SPB) has awarded the main building contract for its luxury condominium development Aira Residence to Grand Dynamic Builders Sdn Bhd (GDBSB), the group announced in a press statement today.
Location blamed for unsold low-cost homes
KUALA LUMPUR (Aug 8): Industry players say the perceived slow demand in low-cost housing units is mainly due to difficulty in securing financing, unsuitable location of projects as well as a shift in demand towards better quality projects.
Analysts positive on Sime Darby's Seriamas stake disposal
KUALA LUMPUR (Aug 2): Analysts are generally positive on the news of Sime Darby’s disposal of its 40% stake in Seriamas Development Sdn Bhd (SDSB) to Permodalan Nasional Bhd yesterday for RM625 million cash, despite the lack of details surrounding the transaction.
Paramount to sell off schools to nation's first education trust, Alpha REIT
KUALA LUMPUR (Aug 1): Paramount Corp Bhd’s wholly-owned subsidiary plans to dispose off its private and international schools, Sekolah Sri KDU (SSKDU) and Sri KDU International School, to newly-formed Alpha Real Investment Trust (REIT) for RM165 million.
PKNS delays REIT plan to 2019
KUALA LUMPUR (July 31): The Selangor State Development Corp, better known as PKNS, has postponed its initial target of establishing a real estate investment trust via its property investment unit PKNS Real Estate Sdn Bhd (PKNS RE) by 2018 to 2019, while it continues to look for good buys to raise PKNS RE’s total asset value to RM1 billion.
LBS Bina buys RM63 mil land in Seri Kembangan for mixed development project
KUALA LUMPUR (July 26): LBS Bina Group Bhd is buying eight acres of leasehold land in Seri Kembangan, Selangor, for RM63 million for a mixed development project.
Crucial for borrowers to review their own affordability, says Association of Banks
KUALA LUMPUR (JULY 21): The Association of Banks in Malaysia (ABM) today reiterated that its member banks have been providing, and will continue to provide, home loans to eligible borrowers.
REHDA targets RM1 bil sales at MAPEX Affordable Housing carnival
KUALA LUMPUR (July 4): The Real Estate and Housing Developers' Association (REHDA) is targeting to achieve RM1 billion in sales from around 100,000 units ranging not more than RM500,000 at its upcoming 3-day Affordable Housing Carnival — Malaysia Property Expo (MAPEX) from Aug 11 to Aug 13, 2017.
