Mah Sing launches Erica Phase 2 @ Meridin East
PETALING JAYA (Feb 17): Mah Sing Group Bhd launched Erica Phase 2 @ Meridin East in Pasir Gudang, Johor Baru on Feb 17.
Chin Hin Group Property to diversify into water infrastructure construction works
KUALA LUMPUR (Feb 17): Chin Hin Group Property Bhd (CHGP) has proposed to acquire a 60% stake or 15 million shares in Asia Baru Construction Sdn Bhd for RM30 million cash, to diversify into water infrastructure construction works.
DONE DEAL: Three-storey shop at Zest Point, Selangor
Read also: DONE DEAL: Warehouse at Shah Alam, Selangor DONE DEAL: Three-storey terrace at USJ Heights, Selangor Located in Bandar Kinrara, Zest Point is one of the go-to commercial centres in the area for nearby residents.
Mapletree Logistics Trust to buy two land parcels worth RM65.6 million in Subang Jaya
SINGAPORE (Feb 16): Mapletree Logistics Trust (MLT), Singapore-based logistic REIT, has announced its plan to buy two industrial land parcels in Subang Jaya, Selangor for a price of RM65.
UEM Sunrise issues RM50m sukuk
KUALA LUMPUR (Feb 16): UEM Sunrise Bhd has made its inaugural issuances of Islamic Commercial Papers (ICPs) and Islamic Medium Term Notes (IMTNs), with a nominal value of RM10 million and RM40 million respectively.
Sunway Property's first campaign for 2022 features its newest projects — Sunway Artessa and Sunway d'hill Residences
PETALING JAYA (Feb 15): Sunway Property Bhd has launched its first campaign for the year — Warmest as One, with Sunway Property — that include two new projects: Sunway Artessa and Sunway d'hill Residences.
Singapore’s good class bungalows demand surge among new types of young super-rich buyers
SINGAPORE (Feb 14): Catering to the affluent class, Singapore’s good class bungalows (GCBs) are seeing a surge in demand among new types of buyers - the super wealthy younger generation, according to Bloomberg.
Supermax aborts RM73m land buy from S P Setia
KUALA LUMPUR (Feb 14): Glove manufacturer Supermax Corp Bhd has aborted a plan to acquire two pieces of freehold land in Setia Alam, Selangor from S P Setia Bhd's subsidiary Bandar Setia Alam Sdn Bhd for RM73.
Water must be flowing and electricity running when handing over Vacant Possession: says Court of Law
The Delivery of Vacant Possession (VP) under Housing Development (Control and Licensing) Act 1966 (HDA 1966) has presented a perennial question to purchasers: Why are the purchasers being delivered purportedly completed housing property that could not be occupied due to not having an actual supply of running water and electricity? Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’.
