Rawang Bypass opens today
PETALING JAYA (Nov 29): The Rawang Bypass opened at 6am today and is expected to cut travel time between Serendah and Selayang during peak hours to 30 minutes from up to two hours previously.
Johari to meet PM over property freeze
KUALA LUMPUR (Nov 29): A week after highlighting the government will not make a U-turn on its blanket ban on luxury property developments with units above RM1 million, Second Finance Minister Datuk Seri Johari Abdul Ghani says he will ask the prime minister to allow such projects in major cities.
MRCB, Gamuda up on bid as PDP for KL-Singapore HSR project
KUALA LUMPUR (Nov 29): Shares in Malaysian Resources Corp Bhd (MRCB) and Gamuda Bhd rose in early trade this morning after the companies collaborated to bid for the role of project delivery partner (PDP) for the Kuala Lumpur to Singapore High Speed Rail (KL-Singapore HSR) project.
MRCB partners Gamuda for KL-S’pore HSR PDP
KUALA LUMPUR (Nov 29): Malaysian Resources Corp Bhd (MRCB) and Gamuda Bhd have partnered up to bid for the project delivery partner (PDP) of the Kuala Lumpur-Singapore high-speed rail (HSR) project.
Finance Minister II: Recent developments freeze to eliminate non-serious players in property industry
KUALA LUMPUR (Nov 28): Putrajaya's recent freeze on new developments of shopping malls, offices, serviced apartments and condominiums priced above RM1 million is intended to eliminate property players who are "not serious" from the industry as they will "kill the serious developers", said Finance Minister II Datuk Seri Johari Abdul Ghani.
High-end property in 'a bit of a glut' — MBSB
KUALA LUMPUR (Nov 28): Malaysia Building Society Bhd (MBSB) is of the opinion the Malaysian property segment is in “a bit of a glut” — but only in the high-end property segment, echoing sentiment shared by Bank Negara Malaysia (BNM) recently.
Property market to recover in coming years, says Sime Darby Property
KUALA LUMPUR (Nov 28): The Malaysian property market is expected to recover in the coming years, after a challenging environment that has dragged on since 2013, said the soon-to-listed Sime Darby Property Bhd (SD Property).
Putrajaya mulls new law to streamline state water management
PETALING JAYA (Nov 28): The federal government plans to enact a new law to streamline the management of water in each state next year, said Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar.
Strong take-up in City of Elmina
PETALING JAYA (Nov 28): Sime Darby Property Bhd continued to enjoy strong demand for its products with recent launches over the weekend, hitting take-up rates of up to 63%.
Glomac dips 2.46% on poor 2Q earnings
KUALA LUMPUR (Nov 28): Property developer Glomac Bhd’s shares fell 2.
