Encorp to recover land cost in Australia JV
KUALA LUMPUR (Nov 18): Property developer Encorp Bhd stands to receive A$6 million (RM18.
Matrix Concepts 3Q profit falls 31.1% on lower revenue recognition
KUALA LUMPUR (Nov 18): Matrix Concepts Holdings Bhd’s net profit dropped 31.
More than 607ha of sea land off Permatang Damar Laut, Penang, identified for reclamation
GEORGE TOWN (Nov 18): More than 1,500 acres (607ha) of sea land off Permatang Damar Laut near Bayan Lepas have been identified for the proposed reclamation that forms part of the land-swap deal with SRS Consortium, the project delivery partner (PDP), for the RM27 billion Penang Transport Master Plan (TMP).
Explain special privileges for Perak Umno building, says DAP rep
IPOH (Nov 17): The state government must explain why the Perak Umno building is able to sit on prime land by paying only a nominal premium charge of RM100 per lot, says Canning assemblyman Wong Kah Woh.
Penang should set up special fund for heritage conservation, says rep
GEORGE TOWN (Nov 17): A DAP assemblyman says the state government should set up a World Heritage Site Fund to restore and preserve heritage sites in the Unesco city of George Town.
East Coast Expressway Phase 2 concession to be signed by year end
KUALA LUMPUR (Nov 17): The government will sign the concession agreement for the East Coast Expressway Phase 2 (LPT2) by the end of this year, said Deputy Works Minister Datuk Rosnah Abdul Rashid Shirlin (pictured).
Young Malaysian graduates rushing to buy homes out of fear, says Khazanah Research Institute director
Petaling Jaya (Nov 16): Fresh graduates feel compelled to buy property quickly because they fear prices will soon outpace the growth of their income, said Khazanah Research Institute director of research Dr Suraya Ismail.
Borrowing just to survive
KUALA LUMPUR (Nov 16): The Ministry of Finance said in the Economic Report 2015/16 that household debt rose to 88.
Your island for under US$1 million
BELIEVE it or not: you don’t need to own a hedge fund to buy your own island.
KSK Land’s 8 Conlay to launch first residence tower on Nov 18
KUALA LUMPUR (Nov 14): Developer KSK Land Sdn Bhd will be launching the first residential tower of its much-anticipated integrated project, 8 Conlay, in Kuala Lumpur on Nov 18.
