Fajarbaru clinches RM125m mixed development construction job
The construction outfit said its wholly-owned unit Fajarbaru Builder Sdn Bhd had accepted the award from Penang Development Corp for Phase 4 of a 25-phase proposed mixed development.
Rehda Institute highlights intricacies, key suggestions to reduce compliance costs
In a report unveiled at the roundtable, Rehda Institute highlighted compliance costs as a major challenge in the industry, with continued hikes leading to higher prices and hence, reduces affordability, project feasibility, profits, and future supply.
UEM Sunrise says no profit erosion from construction cost hike this year
KUALA LUMPUR (May 26): UEM Sunrise Bhd chief executive officer Sufian Abdullah said on Thursday that the hike in construction cost is not eroding the group's profitability for the financial year ended Dec 31, 2022 (FY22).
Rehda: Developers face balancing act in pricing properties as construction costs expected to spike 19%
KUALA LUMPUR (March 15): Real Estate and Housing Developers’ Association (Rehda) deputy president Datuk N K Tong said the latest survey conducted by the association showed that some developers expect housing prices to rise on the back of anticipation of increased construction costs.
Variation of price on select building materials effective till end-2021
KUALA LUMPUR (Oct 7): The variation of price (VOP) facility allowed for projects in the wake of rising building materials cost is effective until Dec 31, said Works Minister Datuk Seri Fadillah Yusof.
Sunsuria's 4Q net profit triples q-o-q to RM9m on further work progress, cost-cutting measures on non-critical expense items
KUALA LUMPUR (Dec 2): Sunsuria Bhd’s net profit for the fourth quarter ended Sept 30, 2020 (4QFY20) surged 227.
WCE posts fifth straight quarterly loss; dragged by recognition of interest expenses
KUALA LUMPUR (Aug 21): Highway construction company WCE Holdings Bhd booked its fifth consecutive quarterly loss with RM30.
Do not save on that 1% cost for waterproofing
Do not be penny wise and pound foolish when it comes to waterproofing your building.
Sime Darby Prop 1Q profit down on lower property development income, higher finance costs
KUALA LUMPUR (May 21): Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.
