EdgeProp Malaysia's Best Managed Property Awards 2018 gala dinner
Over 350 industry players attended EdgeProp Malaysia's Best Managed Property Awards 2018 gala dinner on May 7, 2018, where 24 winners were announced and 26 awards were given out.
Rehda Institute: Overbuilding of affordable housing ‘quite severe’
KUALA LUMPUR (May 3): The overbuilding of affordable housing is “quite severe” as many developers have shifted into that segment to counter high loan rejection rates, with the oversupply exacerbated by a lack of accurate and timely property market data, said the Real Estate and Housing Developers’ Association (Rehda) patron and Rehda Institute trustee Tan Sri Eddy Chen * JPPH: Property market to stabilise as economy improves “In fact, we are building everywhere — those affordable houses in the range of RM300,000 to RM500,000.
No toll on LATAR from 8am to 5pm for GE14 day
KUALA LUMPUR (May 2): Motorists will not need to pay toll on LATAR expressways during voting hours on May 9 (polling day).
Ipmuda disposes of idle factory for RM12m
KUALA LUMPUR (April 30): Building materials trader Ipmuda Bhd is selling off its idle factory in Rawang Integrated Industrial Park to May Chemical Sdn Bhd for RM12 million.
Aspen and Singapore’s Oxley in strategic partnership via share placement
PETALING JAYA (April 30): Singapore-listed property developer Aspen (Group) Holdings Ltd has entered into a placement agreement with Oxley Holdings Ltd, a Singaporean property developer, to raise about RM69 million in gross proceeds for the acquisition of landbank, future developments and working capital.
Axis REIT’s 1Q realised net income within expectations
Axis Real Estate Investment Trust (April 26, RM1.
High-end condo sales expected to slow this year
PETALING JAYA (April 26): With the current freeze on new approvals for luxury residential properties, developers are focusing on launching more affordable units and clearing completed unsold stock, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd.
Positive economic outlook, strengthening ringgit to attract more investors
PETALING JAYA (April 26): The positive economic outlook and re-covering ringgit will attract more investors who are currently taking a wait-and-see approach, in spite of the overall weak property market across various segments, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd.
Sarawak Consolidated calls off deal to buy IBS factory owner
KUALA LUMPUR (April 25): Sarawak Consolidated Industries Bhd has terminated its share sale agreement (SSA) to acquire an industrialised building system (IBS) factory owner and operator Carlton Gardens Sdn Bhd for RM9.
Landscaping key to livability, but often neglected
KUALA LUMPUR (April 21): Landscape plays an important role in enhancing people's lives and wellbeing, but unfortunately it is also often neglected in real estate development, public space and urbanisation.
