News about UN

Sunway Construction Group Bhd (Nov 21, RM2.

PETALING JAYA (Nov 21): The temporary freeze on approvals for the development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million will be a much-needed relief for landlords or owners of office and residential buildings as it will allow the market to absorb the existing large supply through rising population growth, urbanisation and migration to cities, said JLL Malaysia associate director, research and consultancy Veena Loh.

PETALING JAYA (Nov 21): The recent directive by the government to freeze approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million is seen as a misguided move by property consultancy firm Knight Frank Malaysia.

PETALING JAYA (Nov 21): Property developers handing over their debts and liabilities mainly in the form of water and electricity arrears to joint management bodies (JMBs) will evidently jeopardise proper maintenance by the JMBs, said the Malaysian Institute of Professional Property Managers (MIPPM).

PETALING JAYA (Nov 21): IJM Corp Bhd (IJM) is developing Menara Prudential at the international financial district Tun Razak Exchange (TRX), said IJM and TRX City Sdn Bhd in a press statement today.

KUALA LUMPUR (Nov 21): The upcoming appointment of a project delivery partner (PDP) for Malaysia’s portion of the KL-Singapore High Speed Rail (HSR) is seen as a “positive surprise” for Malaysian contractors, said CIMB Research today.

KUALA LUMPUR (Nov 21): Apparel retailer Voir Holdings Bhd, which is turning to construction to diversify its earnings by taking up a stake in Consortium Zenith Construction Sdn Bhd, the special purpose vehicle (SPV) that is executing the RM6.

KUALA LUMPUR (Nov 20): UEM Sunrise Bhd, whose third-quarter net profit jumped 2.

KUALA LUMPUR (Nov 20): Sunway Construction Group Bhd (SunCon), the country's largest pure-play construction group, saw its net profit rise 11.

KUALA LUMPUR (Nov 21): Freezing approvals for applications to build shopping malls, offices, serviced apartments and luxury condominiums, which came into effect on Nov 1, will artificially push supply into a certain market, some property developers argue.