Pesona Metro to build I-City shopping mall for RM488 mil
KUALA LUMPUR (Nov 2): Pesona Metro Holdings Bhd has bagged the construction job to build Central Plaza @ I-City in Shah Alam, Selangor valued at RM488 million.
Onus of affordable housing not just on developers
KELANA JAYA (Nov 2): Housing prices could only come down to the affordable level if all stakeholders were willing to work together to bring down the development cost, said Rehda (Real Estate and Housing Developers’ Association) Institute chairman Datuk Jeffrey Ng Tiong Lip.
Lim surfaces as largest shareholder of WCT
KUALA LUMPUR (Nov 2): Tan Sri Desmond Lim Siew Choon, the executive chairman of Malton Bhd, has surfaced as the single-largest shareholder of WCT Holdings Bhd after acquiring a 19.
Number of overhang and unsold homes may come down in the next few months
KUALA LUMPUR (Nov 1): Overhang and unsold housing units may see a gradual decline over the next few months on the back of decreasing new launches in the market, said National Property Information Centre (Napic) property market sector deputy director Aina Edayu Ahmad (pictured).
Ekovest rises 2.28% on getting development order
KUALA LUMPUR (Nov 1): Shares of Ekovest Bhd rose 2.
Pavilion REIT casts an eye over greenfield projects
Pavilion Real Estate Investment Trust (PavREIT) may be looking at buying developmental projects, possibly Pavilion Bukit Jalil and Pavilion Damansara Heights, taking advantage of the new guidelines proposed by the Securities Commission Malaysia (SC), which will allow the participation of REITs in greenfield projects.
MRCB to launch Kalista Park Homes and Sentral Suites in November
PETALING JAYA (Oct 31): Malaysian Resources Corp Bhd (MRCB) will be launching its Kalista Park Homes in Bukit Rahman Putra, Sungai Buloh this November.
Sunway REIT’s earnings boosted by retail segment
Sunway Real Estate Investment Trust (Oct 28, RM1.
On bringing down property prices
Continues from: On IBS as the way to reduce cost ‘Every stakeholder has to play his or her part, not just developers’ Chong: We really need help from the government to reduce cost and prices.
On ways to lift the market
Continues from: On bringing down property prices ‘No more goose that lays the golden egg’ Tan (pictured): Right now we have many properties unsold in certain sectors.
