News about ma

KELANA JAYA (Nov 2): Budget 2017 may seem favourable to the construction sector as many infrastructure projects have been announced, but Master Builders Association Malaysia immediate past president Datuk Matthew Tee said the  effect may be limited as only a few big players will be awarded the jobs.

KUALA LUMPUR (Nov 2): Tan Sri Desmond Lim Siew Choon, the executive chairman of Malton Bhd, has surfaced as the single-largest shareholder of WCT Holdings Bhd after acquiring a 19.

KUALA LUMPUR (Nov 1): The Ministry of Urban Wellbeing, Housing and Local Government said it is working on a paper to be submitted to the National Housing Department (JPN) for the standardisation of land costs and the quota for low-cost housing, which differs between the different states in the country.

SINGAPORE (Nov 1): DBS Vickers Securities is maintaining its “buy” call on Starhill Global REIT (SGREIT) with an unchanged target price of 87 Singaporean cents, while CIMB Securities is reiterating its “hold” call on the REIT, lowering its target price from 86 cents previously to 81 cents.

SINGAPORE (Nov 1): The slowdown continues for Singapore’s property developers and real estate investment trusts (REITs), according to 3Q16 data by the Urban Redevelopment Authority (URA).

KUALA LUMPUR (Nov 1): Overhang and unsold housing units may see a gradual decline over the next few months on the back of decreasing new launches in the market, said National Property Information Centre (Napic) property market sector deputy director Aina Edayu Ahmad (pictured).

KUALA LUMPUR (Nov 1): The Employees Provident Fund (EPF) said applicants of the “step-up” end-financing scheme for the 1Malaysia People’s Housing Programme (PR1MA) — which was announced in Budget 2017 — will not be able to make any other withdrawals from their EPF Account 2, at least not until their PR1MA loan is settled.

Pavilion Real Estate Investment Trust (PavREIT) may be looking at buying developmental projects, possibly Pavilion Bukit Jalil and Pavilion Damansara Heights, taking advantage of the new guidelines proposed by the Securities Commission Malaysia (SC), which will allow the participation of REITs in greenfield projects.

Tanah Makmur Bhd’s major shareholder Tengku Mahkota of Pahang Tengku Abdullah Sultan Ahmad Shah sweetened his privatisation offer for the Pahang-based company last Tuesday, offering RM1.

After a series of acquisitions over the past two months, privately held Pembinaan Maju Wangi Sdn Bhd has accumulated almost 12.