News about myedgeprop

In Malaysia, the affordable housing segment is partly funded by the free-market housing that is priced to cover the outstanding cost of developing the former.

The properties to be acquired by Sunway REIT are six strategically located hypermarkets/retail complexes in the Klang Valley and Johor.

The group said the contract was awarded to its wholly owned subsidiary Haily Construction Sdn Bhd by JYP Architects Sdn Bhd on behalf of Nice Frontier Sdn Bhd, a member of the IOI Properties Group Bhd.

Berjaya Food Bhd (BFood) through its wholly owned subsidiary Berjaya Food (International) Sdn Bhd (BFI) had on March 15 acquired a total of 11.

The development rights were awarded on May 27 last year by the Malaysian Highway Authority, said GFM in a filing with Bursa Malaysia on Wednesday (March 15).

“Government assistance is usually given when the price of houses supplied by the private market sector fails to meet the needs of the poor.

A total of 27,746 overhang units were recorded in 2022, declining by 24.

They comprise  a special premium scheme, interest-free instalment payment for development charges, tax exemption for vacant land assessment, a 50% discount on the vacant building assessment tax, and business license fee exemption SHAH ALAM (March 15): The Selangor government has introduced five incentives to drive investments into its Integrated Development Region in South Selangor (Idriss).

Scientex noted that its property business is seeing improvements in the authority approval process, which has expedited and contributed to better revenue recognition.

Titijaya said that the expected losses arising from the winding-up proceedings are approximately RM500,000.