MRCB partners Gamuda for KL-S’pore HSR PDP
KUALA LUMPUR (Nov 29): Malaysian Resources Corp Bhd (MRCB) and Gamuda Bhd have partnered up to bid for the project delivery partner (PDP) of the Kuala Lumpur-Singapore high-speed rail (HSR) project.
Finance Minister II: Recent developments freeze to eliminate non-serious players in property industry
KUALA LUMPUR (Nov 28): Putrajaya's recent freeze on new developments of shopping malls, offices, serviced apartments and condominiums priced above RM1 million is intended to eliminate property players who are "not serious" from the industry as they will "kill the serious developers", said Finance Minister II Datuk Seri Johari Abdul Ghani.
Ekovest posts flat 1Q net profit
KUALA LUMPUR (Nov 28): Ekovest Bhd, controlled by tycoon Tan Sri Lim Kang Hoo, reported a flat net profit for the first financial quarter ended Sept 30, 2017 (1QFY18), as higher sales recognition from its property development projects was offset by lower profits from its construction operations.
Conversion rate of developers’ sales improved in 2017
PETALING JAYA (Nov 28): The conversion rate for sales in the primary market has gone to over 63% in 2017 from 50% in 2016, said the Malaysian Institute of Estate Agents (MIEA) secretary-general Chan Ai Cheng.
Lack of marketing contributes to lower mall footfalls, says MIEA
PETALING JAYA (Nov 28): A lack of concerted marketing efforts has led to lower footfalls in malls within certain parts of the country, compounding the effects of the existing oversupply of space, said the Malaysian Institute of Estate Agents (MIEA) past president Nixon Paul.
MIEA: Property market to improve after GE
PETALING JAYA (Nov 28): The property market is expected to improve after the general elections (GE) are held, said Malaysian Institute of Estate Agents (MIEA) president Eric Lim.
High-end property in 'a bit of a glut' — MBSB
KUALA LUMPUR (Nov 28): Malaysia Building Society Bhd (MBSB) is of the opinion the Malaysian property segment is in “a bit of a glut” — but only in the high-end property segment, echoing sentiment shared by Bank Negara Malaysia (BNM) recently.
Putrajaya mulls new law to streamline state water management
PETALING JAYA (Nov 28): The federal government plans to enact a new law to streamline the management of water in each state next year, said Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar.
Mandatory wiring checks for all houses to begin next year
PETALING JAYA (Nov 28): Starting next year, all houses will have to undergo mandatory checks on electrical wiring every 10 years, according to a Bernama report.
Strong take-up in City of Elmina
PETALING JAYA (Nov 28): Sime Darby Property Bhd continued to enjoy strong demand for its products with recent launches over the weekend, hitting take-up rates of up to 63%.
