Econpile bags RM48m job from MRCB
KUALA LUMPUR (Oct 6): Piling and foundation specialist Econpile Holdings Bhd has bagged a RM48 million contract from Malaysian Resources Corp Bhd (MRCB) for its 9 Seputeh mixed development project at Old Klang Road.
S P Setia sets record asking price in Melbourne with luxury penthouse
PETALING JAYA (Oct 6): S P Setia Bhd’s 650 sq m luxury penthouse atop its Sapphire By The Gardens has taken the title of Melbourne’s most expensive apartment for sale, with a A$29 million (RM95.
E-commerce will not replace shopping malls in this lifetime
PETALING JAYA (Oct 6): E-commerce will not replace shopping malls because both models need each other to survive, said Retail Group (Malaysia) Sdn Bhd managing director Tan Hai Hsin.
A dozen sustainable ideas for developers
PETALING JAYA (Oct 6): As Malaysian consumers become increasingly concerned about the sustainability features of a product, developers should implement them into their projects to achieve greater success, said VERITAS Design Group president and founding director David Mizan Hashim.
Housing glut in Iskandar Malaysia no big issue in the long term
PETALING JAYA (Oct 6): Although there may be a surplus of residential properties in the Iskandar Malaysia region in the short term, it is not a big issue in the long run as the economic zone aims to have about 600,000 to almost 700,000 houses by 2025, said Iskandar Regional Development Authority vice-president of planning and compliance Sakurah Jamaluddin.
Property rental market needs regulation, says Finance Minister II
PETALING JAYA (Oct 6): Property rental laws are vital to establishing a more robust rental market in Malaysia, said Minister of Finance II Datuk Seri Johari Abdul Ghani.
Housing bubble likely if two key issues are not addressed
PETALING JAYA (Oct 6): There is a risk of a housing bubble if two key issues are unattended – namely the property glut in the higher-end segment and rising home prices, said Minister of Finance II Datuk Seri Johari Abdul Ghani.
Smart homes set to debut in Klang soon
KLANG (Oct 6): Property developer Mitraland Group Sdn Bhd is set to launch its first smart homes — the 31-storey Andaman Residences serviced apartment — in its mixed-use development Gravit8 in Klang around mid-November.
Manhattan apartment linked to 1MDB for sale at US$45 million, says WSJ
KUALA LUMPUR (Oct 6): The Manhattan penthouse at the centre of the 1Malaysia Development Bhd (1MDB)-related United States Department of Justice (DoJ) investigations is up for sale at US$45 million, according to the Wall Street Journal (WSJ).
