Performance of property market in tandem with ramp-up of economic activities, says Knight Frank Malaysia
Recovery in the residential property sector continues, albeit at a slower pace amid rising borrowing costs and growing inflationary pressure.
DONE DEAL: Shoplot, Taman Bukit Serdang, Seri Kembangan, Selangor
DONE DEAL: Bungalow, Sentul, Kuala Lumpur DONE DEAL: Condominium, KLCC, Kuala Lumpur The shoplot is located at the strategic area of Taman Bukit Serdang, Seri Kembangan, Selangor.
LBS Bina aims high, expects to deliver 7,209 units in 2023
The company handed over 2,957 units in 2022.
Nestcon’s unit wins RM200m job to build 47-storey mixed development
Nestcon said the 41-month contract was awarded by Armada Istimewa Sdn Bhd for undertaking the construction and completion of earthworks, piling and pile caps, retaining wall, substructure, main building works and infrastructure works for the project.
First phase of The Nobel Healthcare Park at KL Wellness City 75% taken up; second phase to unveil in 2H2023
Both the first and second phases of The Nobel Healthcare Park have a total gross development value (GDV) of RM250 million.
Tex Cycle to sell two factories for RM19 mil
The group is selling the two-storey and one-and-half-storey factories, located on leasehold land in Taman Perindustrian Kinrara, to Sedaya Rasmi (M) Sdn Bhd.
Haily wins RM38 mil contract to build shop offices in JB
The construction specialist said its wholly-owned unit Haily Construction Sdn Bhd accepted the letter of award from RDC Arkitek Sdn Bhd.
GDB to resume work on 8 Conlay after receiving partial payment from KSK Land unit
GDB said it would resume façade work on Tower A, and that full work on the project will resume in early April 2023, provided Damai City meets the agreed terms and settles the outstanding amounts as scheduled.
UEM Edgenta serves winding-up petition to AZRB’s unit
As at Nov 30, 2022, AZRB said discussions were still ongoing and as such, AZSB did not make payment that was due.
Classita proposes five-for-two rights issue with free warrants to raise RM30m-RM96.5m
Classita said it aims to raise a minimum of RM30 million, hence it is still in the midst of finding other underwriters to underwrite another 200 million shares worth RM20 million.
