News about ma

KUALA LUMPUR (Sept 14): AWC Bhd’s 51%-owned environment division has bagged three independent subcontracts, including one for the KL118 project, for a collective value of RM27.

Glomac Bhd (Sept 13, 76 sen) Maintain hold with a higher target price (TP) of 82 sen: Glomac Bhd’s upcoming first quarter ended July 31, 2016 (1QFY17) results could come in below expectations, with weaker core net profit quarter-on-quarter (q-o-q) and year-on-year (y-o-y).

KUALA LUMPUR (Sept 14): Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar will brief the cabinet today on the controversial developer lending scheme, after the ministry’s initiative was met with strong resistance and censure — even from within the cabinet itself.

URBAN Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar seems to have created a shock wave by announcing the idea of having property developers apply for moneylending licences so that they can lend to homebuyers who fail to get mortgages from banks.

KUALA LUMPUR, (Sept 13): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is planning to build the third Klang Valley MRT Line that will slash travel time within the capital, Bernama reported.

RAM Rating Services does not expect the property sector to be significantly lifted by the move to allow eligible developers to apply for a moneylender's licence to provide loan facilities to house buyers KUALA LUMPUR (Sept 13): Malaysian homebuilders' accumulation of debts to finance their land purchases over the past few years have left little room for them to undertake the developer financing scheme sanctioned by the Ministry of Urban Wellbeing, Housing, and Local Government, said RAM Rating Services Bhd.

KUALA LUMPUR (Sept 13): LBS Bina Group Bhd has teamed up with the Selangor state government to jointly undertake a mixed development township in Ijok, Selangor, with an estimated gross development value (GDV) of RM3.

Property sector Maintain neutral call: According to media reports quoting Urban Wellbeing, Housing, and Local Government Minister Tan Sri Noh Omar, eligible housing developers can now obtain licences to provide homebuyers with up to 100% of house financing.

S P Setia Bhd (Sept 9, RM3.

PETALING JAYA (Sept 13): S P Setia Bhd saw an overwhelming crowd of 2,000 potential purchasers queuing up for the developer’s De Palma affordable apartment under the Rumah Selangorku programme at its open day last weekend, where only 200 units were available for sale.