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As non-profit entities, JMBs/MCs/RAs are not subject to corporate tax.

A higher threshold of consensus should be required, such as 100% for buildings 60 years old and below, [and] 80% for buildings exceeding 60 years old.

According to Kerjaya Prospek's announcement to Bursa Malaysia, the contract covers the execution and completion of a foundation piling system and pile caps, the construction of a basement and two levels of lower ground and all associated site works and earthworks for the proposed two blocks of 52 storey service apartments.

Econpile said its wholly-owned subsidiary Econpile (M) Sdn Bhd had on March 6 received the letter of award from Archimatrix Sdn Bhd, acting on behalf of Setia MF SFH Development Sdn Bhd.

The rating agency noted that with around 380,000 sq ft of net lettable area, the mall’s occupancy rate has reached 96.

At the same time, the three-member bench, led by Datuk Lee Swee Seng, will also deliver its decision on a cross-appeal by Semantan Estate over an earlier High Court decision in 2021, to not allow the transfer of the land to the company, owing to the presence of the government buildings there.

Deputy chairman Datuk Seri Mahmud Abu Bekir Taib filed the suit at the High Court in Kuching.

The affordable housing projects priced at RM300,000 and below in Selangor account for 13% of the market supply in 2025.

Cross-border capital flows also rose by 12% to US$171 billion, underscoring the international appetite for real estate.

According to RHB, the sector recorded a high amount of RM159 billion of work done in CY2024, a 20% year-on-year increase.