Prosecution shows Good Star's US$10.17m transfer to Red Granite
KUALA LUMPUR (Sept 26): Senior deputy public prosecutor (DPP) Datuk Seri Gopal Sri Ram produced a document showing that Red Granite Productions Inc had received US$10.
Internet connection an important factor for homebuyers
PETALING JAYA (Sept 26): A survey conducted by the Real Estate and Housing Developers’ Association Malaysia (Rehda) showed that homebuyers regard digital network coverage as one of the top five factors that influence their property purchase, higher than a developer’s reputation.
Jho Low, Najib faked meeting minutes to move US$750m from 1MDB to PSI
KUALA LUMPUR (Sept 26): In March 2011, Datuk Seri Najib Abdul Razak signed fabricated minutes of a meeting with 1DMB chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi that was drafted by Low Taek Jho, the High Court was told today.
Rehda: Local developers building homes for Malaysians, not foreigners
PETALING JAYA (Sept 26): The Real Estate and Housing Developers' Association Malaysia (Rehda) has reiterated that the National Home Ownership Campaign (HOC) events and exhibitions are targeted at Malaysian homebuyers and not foreigners.
Rehda hopes for expansionary Budget to spur spending
PETALING JAYA (Sept 26): The Real Estate and Housing Developers' Association Malaysia (Rehda) is cautiously optimistic about the market outlook for the next 12 months and looks forward to an expansionary Budget 2020 which will be tabled on Oct 11, 2019.
1MDB coughed up extra US$125m for PSI after Jho Low said Prince Turki 'complained to daddy' King Abdullah
KUALA LUMPUR (Sept 26): 1Malaysia Development Bhd (1MDB) coughed up an extra US$125 million (RM523.
HOC achieves more than RM14b in sales as at Sept 13
PETALING JAYA (Sept 26): The National Home Ownership Campaign (HOC) 2019 is believed to have achieved more than RM14 billion in sales as at Sept 13, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda).
Scientex 4Q net profit jumps 61%, declares 10 sen dividend
KUALA LUMPUR (Sept 26): Scientex Bhd's net profit for the fourth quarter ended July 31, 2019 jumped 61% year-on-year to RM133.
Rehda: End financing issue is top reason for unsold properties
PETALING JAYA (Sept 26): The Real Estate & Housing Developers' Association (Rehda), which represents over 1,000 members across Peninsular Malaysia, says today property developers remain neutral on market prospects for the rest of 2019 although they show more optimism for 2020 as the industry grapples with more unsold units.
Ikhmas Jaya served winding-up petition by Ipmuda for owing RM2.97m
KUALA LUMPUR (Sept 26): Ikhmas Jaya Group Bhd and its wholly-owned unit Ikhmas Jaya Sdn Bhd (IJSB) have been served with a winding-up petition from Ipmuda Bhd for owing RM2.
