Raising OPR not the only solution to ringgit depreciation, says PM
Bank Negara is scheduled to hold its sixth and final Monetary Policy Committee meeting for 2023 on Nov 1 and 2.
TA Securities sees Penang property market as prominent investment opportunity
“Despite the PSI project being scaled down by scrapping Island B and Island C, we are not overly disappointed as the local government still maintains its plan to develop Island A (Silicon Island) with more concrete details and a timeline.
Berjaya Land succeeds in overturning COA decision to cancel Selangor Turf Club plan
The Berjaya companies did not receive the necessary approvals following a change in the Selangor government after the 2008 general election.
Sick, abandoned housing projects' loan restructuring subject to financier’s discretion, says minister
The Local Government Development Ministry’s initiatives to assist affected homebuyers include issuing letters to confirm the status of the projects, to be presented by the buyer to financial institutions, and entities such as the Employees Provident Fund (EPF) and the Public Sector Home Financing Board (LPPSA).
Mitrajaya clinches RM84.5 mil contract for 31-storey block development in KL
The unit clinched the two-year contract from GDP X Properties Sdn Bhd and the project is expected to be completed by December 2025.
The REAL deal: Towards testing all buildings for quality
CIDB’s bid to elevate the quality of Malaysian buildings is laudable and a move in the right direction.
YNH says auditor’s qualified opinion limited only to JV, turnkey contracts for property development
The independent review was carried out at the request of Baker Tilly to determine the possibility of related party transactions concerning JV and turnkey contracts entered into by YNH.
Ekovest enters into agreements with Knusford, Lim, Credence Resources for proposed group business consolidation
Ekovest told Bursa Malaysia on Friday that it is disposing of its entire stake in Ekovest Construction Sdn Bhd (ECSB) to Knusford Bhd for RM450 million.
Meta Bright diversifies into building materials trade via RM28 mil acquisition
The purchase of the stake in Expogaya Sdn Bhd (Expo) will be settled via a cash consideration of RM5 million and the issuance of 98 million new shares in Meta Bright at 23.
Nga: Govt looking to introduce incentives for build-then-sell concept for residential developments
Next month, the ministry will meet the Real Estate and Housing Developers’ Association (Rehda) Institute to discuss what incentives the government should provide to developers to encourage them to practise the build-then-sell concept, Local Government Development Minister Nga Kor Ming said in his welcome speech at the opening ceremony of the Malaysia Property Expo (MAPEX) 2023 at the Mid Valley Exhibition Centre on Friday.
