News about UN

AS property developers are given the option to take on the role of moneylenders to homebuyers who cannot obtain bank loans, it remains to be seen whether they will jump on the bandwagon en masse.

KUALA LUMPUR (Sept 15): The MRT Sungai Buloh-Kajang (SBK) line will be completed on time with no additional cost to be incurred, Prime Minister Datuk Seri Najib Tun Razak (pictured) said today, Bernama reported.

PETALING JAYA (Sept 15): Sunway Pyramid Hotel West in Bandar Sunway, Petaling Jaya, will have a brand new name, Sunway Clio Hotel, effective Oct 1 this year, according to Sunway Hotels & Resorts — the hospitality division of property-construction conglomerate Sunway Group.

  THE Edge Malaysia Property Excellence Awards recognise Malaysia’s best developers and outstanding projects throughout the country.

KUALA LUMPUR, (Sept 13): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is planning to build the third Klang Valley MRT Line that will slash travel time within the capital, Bernama reported.

KUALA LUMPUR (Sept 13): LBS Bina Group Bhd has teamed up with the Selangor state government to jointly undertake a mixed development township in Ijok, Selangor, with an estimated gross development value (GDV) of RM3.

Construction sector Maintain overweight call: We remain “overweight” on the construction sector as news flows on contract awards should sustain the sector’s outperformance.

KUALA LUMPUR (Sept 13): Permodalan Nasional Bhd (PNB) is facing a setback in the ongoing construction of what would be the tallest building in Southeast Asia, which raises the spectre of possible delay in completion, sources say.

SERI KEMBANGAN: Country Heights Holdings Bhd (CHHB) plans to re-launch its Chipi or Country Heights Innovation in Property Investment (Chipi) scheme, which offers cash-back rewards to selected buyers, sometime before the end of the year.

PETALING JAYA: PPC Glomac Sdn Bhd (PPC Glomac), a joint venture between Pembinaan Punca Cergas Sdn Bhd and Glomac Bhd, plans to launch a mixed development with an estimated gross development value (GDV) of RM300 million in Rawang this year.