Hatten Land unveils mall management arm

PETALING JAYA (May 3): Melaka-based Hatten Land Ltd has unveiled its mall management arm, Hatten Commercial Management Sdn Bhd, to undertake the management of its commercial retail units within the shopping malls it develops.

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Gamuda Land bags FIABCI Gold award for first Vietnam township

PETALING JAYA (May 3): Gamuda Land’s Gamuda City – its first town development in Hanoi, Vietnam – was awarded the World Gold Award for Environmental (Rehabilitation/Conservation) at the FIABCI World Prix d’ Excellence Award 2018 held at the Jumeirah Emirates Towers in Dubai last night.

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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.

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Prasarana’s ex-CEO takes helm of YTL THP JV

KUALA LUMPUR (May 3): YTL THP JV Sdn Bhd, a joint venture between Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd and TH Properties Sdn Bhd, has appointed former Prasarana Malaysia Bhd president and chief executive officer (CEO) Datuk Seri Azmi Abdul Aziz (pictured) as the company’s CEO.

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MRCB-Gamuda, YTL-TH Properties get LoA for HSR

KUALA LUMPUR (May 3): The consortium of Malaysian Resources Corp Bhd (MRCB) and Gamuda Bhd, and YTL High Speed Rail Sdn Bhd (YTL THP JV) — a joint venture (JV) between Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd and TH Properties Sdn Bhd — have accepted a letter of appointment (LoA) from MyHSR Corp Sdn Bhd, appointing the two consortiums as the project delivery partners (PDPs) for the northern and southern sections of the Kuala Lumpur-Singapore High Speed Rail (KL-S’pore HSR) project.

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