Penang halts undersea tunnel study, raising doubts about construction
KUALA LUMPUR (June 15): The Penang government has issued a halt order on the 83%-complete feasibility studies and detailed design (FSDD) for the 7.
‘Property tax hike in Sydney won’t affect M’sian developers’
KUALA LUMPUR (June 15): The expected higher taxes for foreign buyers of residential properties in the Australian state of New South Wales (NSW) are not expected to have much effect on Malaysian developers there, say analysts.
No final decision on toll rate hikes yet, says highway body
KUALA LUMPUR (June 15): There has been no final decision made on toll hike for eight highways as negotiations are still ongoing, said the Association of Highway Concessionaires Malaysia.
Real estate assets under management hit US$2.19 trillion
GLOBAL real estate assets under management (AUM) totalled US$2.
River Tropics in Seberang Perai sees 70% take-up
PENANG-based developer New Bob Group is building the first green condominium in Seberang Perai.
PROPERTY SNAPSHOT 3: What are developments priced in Tropicana/Sunway Damansara?
• Today, we continue our focus on Tropicana and Sunway Damansara by looking at average prices on a per square foot (psf) basis.
CZBUCG awaits funding from Penang for RM6.3b infrastructure project studies
KUALA LUMPUR (June 14): Consortium Zenith BUCG Sdn Bhd (CZBUCG) has yet to receive RM100 million for the feasibility studies and detailed design work completed thus far for the RM6.
Crest Builder unit gets RM438.29 mil construction job from Sime Darby
KUALA LUMPUR (June 14): Crest Builder Holdings Bhd’s unit Crest Builder Sdn Bhd has clinched a construction contract from Sime Darby Bhd’s unit Sime Darby Melawati Development Sdn Bhd worth RM438.
S P Setia shores up balance sheet amid slowdown
S P Setia Bhd does not fit the profile of a company in search of funding on the open market, not with the strength of its balance sheet and cash flow.
PROPERTY SNAPSHOT 2: What’s affordable in Tropicana/Sunway D'sara?
• Properties in Tropicana and Sunway Damansara fall primarily in the upper-middle segment.
