Seacera aborts plan to acquire 70% stake in construction firm
KUALA LUMPUR (April 4): Seacera Group Bhd has cancelled its plan to acquire a 70% stake in construction and civil engineering firm Teras Sari Resources Sdn Bhd, shortly after announcing it on Feb 22.
Rehda: No CCCs for over 700 KV properties on water shortage
PETALING JAYA (April 4): More than 700 completed properties in the Klang Valley are unable to obtain the Certificates of Completion and Compliance (CCCs) due to the water supply issue, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda).
‘Time for the govt to introduce cooling measures for non-housing loans’
PETALING JAYA (April 4): In order to pare down the current household debt-to-gross domestic production (GDP) ratio from an “unsustainable” level of 84.
Affordable homes special quota for armed forces personnel, veterans
KUALA LUMPUR (April 4): Negeri Sembilan will have a special quota for every category of affordable homes under its housing policy for armed forces personnel and veterans.
Tussle over Lee Kuan Yew’s Oxley home continues
PETALING JAYA (April 4): The siblings of Singapore’s prime minister Lee Hsien Loong said the declarations of a ministerial panel over the future of their late father’s house — 38 Oxley Road — were inaccurate, reported Free Malaysia Today.
Tien Wah seeks shareholders' nod to diversify into property development
KUALA LUMPUR (April 4): Tien Wah Press Holdings Bhd is seeking shareholders' approval to provide financial assistance of up to RM250 million to a joint venture company (JVco), and to diversify its business into property development and investment.
Construction sector’s contract outlook still robust
Construction sector Maintain overweight: High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown.
Dewan Rakyat passes Limitation, Arbitration bills
KUALA LUMPUR (April 4): The Dewan Rakyat yesterday passed the Limitation (Amendment) Bill 2018, which extends the time limit of up to three years to house buyers to lodge a complaint over latent defects in their properties, Bernama reported.
