Unprecedented property glut? Whose fault is it?
KUALA LUMPUR (Jan 30): The glut in homes priced below RM300,000 is due to their “wrong” locations, reiterates the National House Buyers’ Association (HBA).
Developers foresee dark times due to glut, worse than 1999 crisis
GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.
Rehda: Developers could work more closely with KPKT under new National Housing Policy
PETALING JAYA (Jan 29): Malaysia’s new National Housing Policy (Dasar Perumahan Negara/DRN) 2018-2025 provides property developers with more clarity on the possible ways the private and public sector can work together to resolve the market mismatch issue in the country, said Real Estate and Housing Developers’ Association Malaysia (Rehda) President Datuk Soam Heng Choon.
MRCB gets RM323m SUKE job
KUALA LUMPUR (Jan 29): Malaysian Resources Corp Bhd (MRCB) said yesterday it has received a letter of acceptance from Turnpike Synergy Sdn Bhd, a wholly-owned subsidiary of Projek Lintasan Kota Holdings Sdn Bhd, to accept MRCB's offer to undertake Package CA2 of the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) project at RM323 million.
Rehda: Not location, location, location anymore but location, pricing and type
KUALA LUMPUR (Jan 29): Real Estate & Housing Developers' Association Malaysia (Rehda) president Datuk Soam Heng Choon said the property mantra of location, location, location no longer holds true these days, having overtaken by location, pricing and type.
George Kent clarifies director’s remark on LRT3 is in private capacity
KUALA LUMPUR (Jan 28): George Kent (Malaysia) Bhd has clarified that its non-executive director Datuk Dr Keizrul Abdullah’s remark on the award of the LRT3 project was made in his private capacity.
Finance Minister to make clear statement on ECRL soon, says PM
PUTRAJAYA (Jan 29): Prime Minister Tun Dr Mahathir Mohamad admitted that there have been some mistakes in the dissemination of information on the East Coast Rail Link (ECRL) project and said Finance Minister Lim Guan Eng will be issuing a statement on the matter soon.
Localised slab failure occurred at Bukit Bintang City Centre, no injuries reported
PETALING JAYA (Jan 29): A localised failure of a slab occured last Friday (Jan 25) at the Bukit Bintang City Centre (BBCC) development on the former Pudu Jail site in Kuala Lumpur, said Eco World Development Group Bhd (EcoWorld) in a press statement today.
Ex-Malakoff project director Abdul Yazid Kassim is new MRT Corp CEO
KUALA LUMPUR (Jan 28): Abdul Yazid Kassim, a former project director of Malakoff Corp Bhd, will take over as the new chief executive officer of Mass Rapid Transit Corp Sdn Bhd (MRT Corp) on Feb 1.
None the wiser over ECRL poser
KUALA LUMPUR (Jan 28): With slowing economic growth and mounting concern over RM1 trillion worth of public debts, conflicting statements over the weekend from two top Malaysian ministers over the fate of the RM81 billion East Coast Rail Link (ECRL) project have, worryingly, highlighted that there could be too many cooks in the proverbial kitchen of Malaysia’s financial and economic affairs.
