First high-rise of Gamuda Cove topped out
Maya Bay Residences comprises three towers of serviced apartments with a total of 972 units.
KPS says lawsuit against the group alleging land fraud in Kuala Langat involves a 42-year-old deal
“We are currently collating and reviewing pertinent documentation from 42 years ago and will be providing response via announcements to Bursa Securities and other related channels on material development in this case,” said KPS managing director cum group chief executive officer Ahmad Fariz Hassan in a press statement filed with Bursa Malaysia on Wednesday.
DONE DEAL: Shop, CBD Perdana, Cyberjaya, Selangor
DONE DEAL: Agricultural land, Tanarimba, Janda Baik, Pahang DONE DEAL: Serviced residence, Residensi Lucentia, Kuala Lumpur Located at CBD Perdana 2, a distinctive project encompassing retail and corporate office spaces, the successor to CBD Perdana 1 in Cyberjaya, the shop is surrounded by an array of conveniences.
Property sector outlook to remain positive on healthy loan applications — MIDF Research
Pointing to recent news on the possibility of a high-speed rail (HSR) project between Ipoh and Kuala Lumpur, MIDF said the project would improve demand for properties in Ipoh and concurrently benefit property developers that have exposure in the state.
LBS to raise RM750m via sukuk, sets up its own sustainability financing framework
The programme provides the group the flexibility to issue both Sukuk Wakalah and Sustainability Sukuk Wakalah that complies with green/social/sustainability/sustainable and responsible investment sukuk guidelines, frameworks, standards or principles issued by the SC, the Asean Capital Markets Forum, or the International Capital Market Association.
Matrix Concepts secures RM512m financing facility from AmBank for MVV 2.0 project
“We will use 80% of the financing to fund the land purchase, and the remaining for infrastructure development in the township as well as standby funds.
Demand exceeds supply for green-certified Grade A office in KL – JLL report
Currently, the demand for green workspaces in KL is estimated to be approximately between 40% and 45% while supply only stands at 35%.
LBS Bina secures 28.67MW solar power capacity from Energy Commission under CGPP
The total quota of 800MW under CGPP has now been fully subscribed.
GuocoLand's 1Q net profit triples to RM4.8 mil on higher property development and hospitality contribution
Looking ahead, the group acknowledged challenges in the domestic property sector due to higher interest rates, ongoing inflation and an oversupply of properties in different markets and segments.
The Malaysian housing industry is efficient and competitive — the government should just focus on public housing
How do we compare our building costs to those in neighbouring countries? Are Malaysian developers making excessive profits? Are they building the wrong products at unreasonably high prices to maximise profits, resulting in an excessive number of unsold houses, instead of building more affordable houses? Last week, we provided our data-based analysis that contradicts the prevailing myth that housing is generally unaffordable in Malaysia.
