Matrix Concepts targets RM1.2b sales for FY2023
KUALA LUMPUR (Apr 25): Property developer Matrix Concepts Holdings Bhd is expecting some RM1.
E&O subsidiary Tanjung Pinang Development's special resolution rejected by Islamic bondholders under RM1.5b scheme
KUALA LUMPUR (April 22): Holders of tranche one of Eastern & Oriental Bhd's (E&O) subsidiary Tanjung Pinang Development Sdn Bhd's RM1.
KIP REIT 3Q NPI up 5.9% to RM14.5 mil, declares DPU of 1.60 sen
KUALA LUMPUR (April 21): KIP Real Estate Investment Trust (REIT) net property income (NPI) in the third quarter ended March 31, 2022 (3QFY22) rose 5.
Axis REIT 1Q NPI up 17.2% to RM58.39 mil, declares DPU of 2.42 sen
KUALA LUMPUR (April 21): Axis Real Estate Investment Trust’s (AXREIT) net property income (NPI) in the first quarter ended March 31, 2022 (1QFY22) jumped 17.
Vizione JV bags RM654m job from Perkeso
KUALA LUMPUR (April 21): Integrated construction engineering group Vizione Holdings Bhd, in a joint venture with Permata Rebana Sdn Bhd, has bagged an RM654 million project from Pertubuhan Keselamatan Sosial (Perkeso) to build Phase 1 of the latter’s national robotics and cybernetics rehabilitation centre in Bandar Meru Raya, Perak.
NCT Alliance and Maybank Islamic partners to offer 100% financing for Acacia Residences
KUALA LUMPUR (April 14): NCT Alliance Berhad has collaborated with Maybank Islamic to offer a home ownership financing solution called HouzKEY to NCT’s Acacia Residences purchasers.
Country Garden Danga Bay says to compensate house owners after developer fails to get apex court permission to appeal
KUALA LUMPUR (April 14): Country Garden Danga Bay Sdn Bhd said on Thursday (April 14) the property developer respects the Federal Court’s decision on Wednesday to not grant the company permission to appeal against late-delivery compensation claims by seven purchasers of properties developed by the firm within Danga Bay in Johor Bahru.
Another big victory for house buyers in Country Garden Danga Bay case
Yesterday (April 13), the Federal Court dismissed the leave applications brought by Country Garden Danga Bay Sdn Bhd (CGDB) against a group of seven unit purchasers of Country Garden Danga Bay, Johor Bahru.
Sunway, Malaysia Aviation ink MoU to explore broad collaborative initiatives
SUBANG JAYA (April 14): Malaysia Aviation Group and Sunway Group have signed a memorandum of understanding (MoU) to explore wide-ranging joint initiatives that include new business opportunities, joint marketing campaigns, and branding and promotional activities.
Property Chat: Can developers compel buyers to waive LAD claims?
Some developers are ‘arm-twisting’ house buyers to sign away their rights to late delivery compensations, but are such waivers legitimate? Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers.
