Johor and Melaka see sharp rise in land auctions
Malaysia’s southern region states of Johor and Melaka have recorded a significant increase in land auctions in the first nine months of 2017 (9M17) compared with the same period last year.
Ibraco to unveil RM1.5b mixed development in Kuching by 1Q18
KUALA LUMPUR (Dec 21): Sarawak-based Ibraco Bhd is looking to launch its 123-acre mixed development called Northbank in Kuching by the first quarter of 2018.
IOI Properties unit issues first sukuk tranche totalling RM100m
KUALA LUMPUR (Dec 21): IOI Properties Group Bhd's wholly-owned subsidiary Fortune Premiere Sdn Bhd (FPSB) has issued RM100 million sukuk to refinance its debt, fund its capital expenditure and for working capital.
Knight Frank: Bite-sized homes below RM1m supply to rise in 2018 on development freeze
PETALING JAYA (Dec 21): The recent freeze on four types of developments — including condominiums and serviced apartments priced from RM1 million — will introduce more shoebox dwellings with absolute prices below the threshold, said Knight Frank Malaysia Sdn Bhd research and consultancy executive director Judy Ong.
Felda could lose Jalan Semarak land worth RM200m, says report
KUALA LUMPUR (Dec 21): The Federal Land Development Authority (Felda) is in danger of losing ownership of a piece of land worth RM200 million along Jalan Semarak, as a result of a “dubious deal” that took place about two years ago, according to a news report today.
Berjaya Land dips 3.85% on poor 2Q earnings
KUALA LUMPUR (Dec 21): Berjaya Land Bhd (BLand), the controlling shareholder of Berjaya Sports Toto Bhd, fell 3.
Revision of stamp duty plan for luxury properties good news for sector, says MIDF Research
KUALA LUMPUR (Dec 21): The government's revised plan to maintain the stamp duty for luxury properties at 3% is positive for the property sector, according to MIDF Amanah Investment Bank Bhd Research.
AssetsCo tender called for KL-Singapore HSR project
KUALA LUMPUR (Dec 20): SG HSR and MyHSR Corp of Malaysia have called a joint tender for a private-financed assets company (AssetsCo) to work on the Kuala Lumpur-Singapore High Speed Rail (HSR) mega project, The Edge Singapore’s website reported today.
CRCC appointed as main contractor of M101 Skywheel
PETALING JAYA (Dec 19): M101 Holdings Sdn Bhd (M101) has appointed China Railway Construction Corp Malaysia Bhd (CRCC Malaysia) as the main contractor for its RM2.
