Housing ministry expects budget cuts
KUALA LUMPUR (Jan 14): The Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan has warned that his ministry would most likely to be affected by the impending cut in Budget 2016.
Tower REIT to incorporate RM7.6 mil into its Dec 31, 2015 financial statements
KUALA LUMPUR (Jan 14): Tower Real Estate Investment Trust (REIT) would incorporate RM7.
Guan Eng instructs Penang's Land Office not to authorise any 1MDB land transactions without his approval
GEORGE TOWN (Jan 13): The State Land and Mines Office has been instructed not to authorise any land transactions involving 1Malaysia Development Bhd (1MDB) without the state's prior approval.
UEMSET-Medini Iskandar to kick off township management services JV this year
KUALA LUMPUR (Jan 13): A new entity formed via a joint venture between UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET), and Township Management Services Sdn Bhd (TMS) — which is a wholly-owned subsidiary of Medini Iskandar Malaysia Sdn Bhd, will kick off its township management services this year, specifically for building owners and residents of Medini and Iskandar Puteri (formerly known as Nusajaya) townships in the Iskandar Malaysia region in Johor Bahru.
Flat growth seen for Klang Valley property market
KUALA LUMPUR (12 Jan): The demand and price of high-rise residential property is expected to remain flat in the next two to three years owing to mismatch between supply and demand, according to international property consultants C H Williams Talhar & Wong Sdn Bhd (WTW).
Seacera unit pre-qualifies for works related to DASH, SUKE
KUALA LUMPUR (Jan 12): SPAZ Sdn Bhd, a 60%-owned subsidiary of Seacera Group Bhd, has pre-qualified for the construction and completion works related to the Damansara-Shah Alam Elevated Expressway (DASH) and the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE).
Ekovest gets concession for RM3.74b Setiawangsa-Pantai Expressway project
KUALA LUMPUR (Jan 11): Ekovest Bhd, controlled by tycoon Tan Sri Lim Kang Hoo, has been awarded the concession for the construction and management of the RM3.