News about d

WHILE the local property sector continues to be gloomy, LBS Bina Group Bhd’s shares are climbing steadily.

•    Today, we continue our focus on Sentul by looking at average prices on a per square foot (psf) basis.

PETALING JAYA (April 5): Malaysian Resources Corp Bhd’s (MRCB) unit MRCB Builders Sdn Bhd will build a cold storage processing and distribution hub in Kajang for national retailing chain Giant.

SHAH ALAM (April 5): The four-star DoubleTree by Hilton i-City Hotel, the second hotel in I-Bhd’s flagship i-City mixed development here, is scheduled to be completed and open for business in 2018.

IN the last few years, luxury carmakers have been dabbling in other areas of industrial design — from eyewear and fashion accessories to furniture and interior design.

KUALA LUMPUR (April 5): Prime Minister Datuk Seri Najib Tun Razak (pictured) said the Government would build another 5,000 affordable houses in Miri and Kuching, Sarawak, to ensure more people could own comfortable and safe residential units.

KUALA LUMPUR (April 5): S P Setia Bhd has confirmed its acting president and chief executive officer (CEO) Datuk Khor Chap Jen (pictured) as executive president and CEO, Datuk Wong Tuck Wai as deputy president and chief operating officer (COO), and Choy Kay Yew as chief financial officer (CFO), effective April 1.

AN undersupply of affordable housing, particularly in major urban areas, coupled with an oversupply of office and retail spaces, may lead to deeper imbalances in the property market, says Bank Negara Malaysia in its 2015 annual report, which was released recently.

REAL estate developers have become more creative in luring prospective homebuyers into committing to a purchase, even as property price growth in the country moderates.

•    While the Sentul Masterplan urban renewal continues, the rest of the neighbourhood remains a low to mid-end market, comprising primarily dated apartments and condominiums.