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The rating of the sukuk programme of AA +IS has been affirmed by MARC Ratings Bhd with a stable outlook, the group said.

Having emerged from the pandemic a year ago with everything continuing to normalise and getting better, and with elections out of the way, developers are optimistic about the next year.

Datuk NK Tong: Just as developers have cross-subsidised affordable housing, perhaps financial institutions can be encouraged to look at cross subsidies to help finance affordable housing or set up a special fund or quota to give home loans to borrowers in lower income categories (B40 group).

While developers are currently maintaining a neutral view on the business, economic and property industry outlook for the coming year, there is increased optimism anticipated for 1H2024.

Tan Sri Vincent Tan’s counsel Chuar Kia Lin confirmed with The Edge that the Shah Alam High Court allowed the ex-parte injunction application earlier on Thursday (Aug 17).

Sales achievement of RM2.

Sarawak tourism, creative industry and performing arts minister Abdul Karim Rahman said this is “probably because our conditions are more attractive [compared to the national MM2H]”.

Imposing a vacancy tax on developers on these properties will not in any way help to resolve the problem and will only result in new houses being more expensive as developers will pass on the cost of any additional taxes to future launches.

In a filing with Bursa Malaysia on Thursday (Aug 10), the property developer said the proceeds from the sukuk will be utilised by EcoWorld Malaysia and its subsidiaries or any joint ventures related to them.

“The increment (in 2Q2023 construction value) was supported by double-digit growth in the civil engineering sub-sector, which grew by 10.