Bank Negara: Three things that could enhance Malaysia’s affordable housing ecosystem

Jul 05

PETALING JAYA (July 4): A sound, innovative and coordinated public policy is needed to address the affordable housing challenge, said Bank Negara Malaysia deputy governor Abdul Rasheed Ghaffour in his keynote address at the “Dialogue on Sustainable Development of Affordable Housing” organised by Cagamas Holdings Bhd in Kuala Lumpur today, He said a central authority could lead, oversee and coordinate affordable initiatives for the nation that would promote greater strategic and operational cohesion at the national level.

Robust showing for CapitaLand in China

Jul 04

SINGAPORE (July 4): CIMB says CapitaLand is on track to meeting its 8% ROE target by 2018.

Kumpulan Jetson's RM919 mil building subcontract gets rescinded

Jul 04

KUALA LUMPUR (July 4): Kumpulan Jetson Bhd has received a letter from MCC Overseas (M) Sdn Bhd wherein the latter purported to unilaterally rescind the award of a RM919.

REHDA targets RM1 bil sales at MAPEX Affordable Housing carnival

Jul 04

KUALA LUMPUR (July 4): The Real Estate and Housing Developers' Association (REHDA) is targeting to achieve RM1 billion in sales from around 100,000 units ranging not more than RM500,000 at its upcoming 3-day Affordable Housing Carnival — Malaysia Property Expo (MAPEX) from Aug 11 to Aug 13, 2017.

Property divestments bode well for CapitaLand Commercial Trust’s M&A prospects

Jul 04

SINGAPORE (July 4): UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT), following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of S$280 million (RM870 million).

Eversendai down 7% on possible profit-taking

Jul 04

KUALA LUMPUR (July 4): Eversendai Corp Bhd fell as much as 6.

Bina Puri unit gets IDX nod for listing

Jul 04

KUALA LUMPUR (July 4): Construction player Bina Puri Holdings Bhd has received the green light from the Indonesia Stock Exchange (IDX) for the listing of its subsidiary PT Megapower Makmur Tbk.

Tiger Synergy, LJ Development to develop RM80 mil GDV project in Klang

Jul 04

KUALA LUMPUR (July 4): Tiger Synergy Bhd, together with landowner LJ Development (KL) Sdn Bhd, will undertake a residential and/or commercial development with an estimated gross development value (GDV) of RM80 million in Klang, Selangor.