Developers’ duty to build affordable units in Selangor soon

KUALA LUMPUR (Sept 1): Property developers will be required to build affordable units for serviced apartment, small office/home office (Soho) and small office/virtual office (Sovo) projects in Selangor under the state’s new blueprint for housing development, which is expected to be unveiled soon.

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KLK Land inks MoU with Wesley Methodist School

PETALING JAYA (Aug 30): KLK Land, the property arm of Kuala Lumpur Kepong Bhd, has signed a memorandum of understanding (MoU) with Wesley Methodist School (WMS) for the building and running of a private school at its Bandar Seri Coalfields (BSC) township, the group announced in a press release today.

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Astaka launches One Bukit Senyum master plan

JOHOR BAHRU/SINGAPORE (Aug 29): Singapore Exchange Ltd-listed Astaka Holdings Ltd unveiled the master plan for its flagship One Bukit Senyum (OBS) development at the groundbreaking ceremony yesterday for the new headquarters of the Johor Bahru City Council (MBJB).

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BBCC invests RM30 mil in transit hub

KUALA LUMPUR (Aug 27): Believing that connectivity is absolutely vital, BBCC Development Sdn Bhd said the developer will be investing RM30 million into creating the central transport hub located within the Bukit Bintang City Centre (BBCC) development, said its chief executive officer, Datuk Richard Ong.

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Damansara Realty CEO resigns; 2Q net loss widens

KUALA LUMPUR (Aug 26): Damansara Realty Bhd, controlled by Johor-based Seaview Holdings Sdn Bhd with a 51% stake, said its group chief executive officer Mohd Fazlin Shah Mohd Salleh has resigned after just one year "to pursue his other personal interest".

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