News about developers

KUCHING (Feb 8): An increase of the minimum wage may lead to an increase of unemployment rate as employers may end up hiring fewer workers due to the high cost, said Sarawak Housing and Real Estate Developers’ Association (Sheda) president Augustine Wong Chung Ho.

KUALA LUMPUR (Nov 7): The High Court in Johor Bahru on Sunday ordered ex-Johor executive council member Datuk Abd Latif Bandi, his son and a former real estate consultant to enter their defence against 37 corruption and money laundering charges involving more than RM30 million as the prosecution had proven a prima facie case against the accused, who were charged in 2017 for receiving bribes from property developers who requested for the change in bumiputra land status in Malaysia.

There have been rapid developments in the judicial determination of housing laws in Malaysia in recent years.

PETALING JAYA (June 18): With increasing consolidation in the property sector, the market is seeing the industry being dominated by a few players with landbank that carried an estimated gross development value (GDV) of close to RM100 billion, said Public Investment Bank Bhd (PublicInvest Research).

After battling for 21 days, Paramount Corporation Bhd chairman and executive director Datuk Teo Chiang Quan passed away today due to complications from Covid-19.

Questions from the audience were forwarded to the respective speakers at EdgeProp.

EdgeProp Malaysia’s Best Managed & Sustainable Property Awards is unique.

PETALING JAYA (Feb 24): Sarawak Property developers have called on the Federal government to come up with “a clear and transparent exit plan or road map” as the authorities roll out their immunisation effort, FMT News reported today.

KUALA LUMPUR (Dec 19): Consultants are encouraged to apply common sense approach and play facilitative roles in helping contracting parties to resolve contractual disputes due to COVID-19, said Pertubuhan Akitek Malaysia (PAM) president Datuk Ar.

KUALA LUMPUR (Dec 17): Hong Leong Investment Bank (HLIB) Research expects property developers to continue facing a tough operating environment in 2021, with developers cautiously carrying out launches and offering discounts on their products.