News about ng

PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.

PETALING JAYA (Nov 6): The Employees Provident Fund (EPF) has invested RM250 million into the AREA Industrial Development Fund (AIDF-1), for a 40% share, said EPF CEO Datuk Shahril Ridza Ridzuan at the launch of the fund yesterday.

KUALA LUMPUR (Nov 6): Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has proposed a new design for the Ampang Park MRT station that will not require its namesake, the country’s first shopping centre, to be demolished.

KUALA LUMPUR (Nov 5):  OSK Property Bhd has been named on Forbes Asia’s Best Under a Billion 2015 list.

KUALA LUMPUR (Nov 5): Precision plastic injection moulding fabricator Sanichi Technology Bhd's shares drew investors' interest, after the group said it aims to reap an annual profit of up to RM13 million from its maiden property project for the next three years.

TAIPEI (Nov 5): The Taipei Marriott Hotel, a new five-star luxury establishment with 320 luxury guest rooms and suites, five distinct restaurants and a spa, has opened in the heart of the city.

KUALA LUMPUR (Nov 5): Property developer Plenitude Bhd expects to maintain the RM250 million sales quantum it achieved in the financial year ended June 30, 2015 (FY15) in FY16, amid the more challenging global and domestic economic scenarios.

GEORGE TOWN (Nov 4): Penang Real Estate and Housing Developers Association (Rehda) today asked the state government how much of the information on its register of applicants for affordable housing could be relied upon.

KUALA LUMPUR (Nov 4): Tropicana Corp Bhd announced that Datuk Kong Woon Jun (pictured) has resigned as the group's managing director (MD) effective Dec 5 this year.

The Penang Real Estate and Housing Developers Association (Rehda) has called on the state government to look into development charges and various requirements imposed on developers and the industry in view of declining property sales.