Singapore’s public housing model possible in Malaysia only upon structural change
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.
Haily bags RM33 mil job to build houses in Johor, sees stronger year in 2023
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.
BFood acquires 1.07% interest while BLand increases stake in 7-Eleven
Berjaya Food Bhd (BFood) through its wholly owned subsidiary Berjaya Food (International) Sdn Bhd (BFI) had on March 15 acquired a total of 11.
GFM Services buys into contractor tasked with building Rest and Service Area along KL-Karak Expressway for RM9m
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).
Malaysia's overhang residential units dip below 30,000 for first time in two years
A total of 27,746 overhang units were recorded in 2022, declining by 24.
Scientex’s 2Q net profit grows 13.5% amid stronger demand in property business
Scientex noted that its property business is seeing improvements in the authority approval process, which has expedited and contributed to better revenue recognition.
Titijaya’s subsidiary Renofajar served with winding up petition
Titijaya said that the expected losses arising from the winding-up proceedings are approximately RM500,000.
Landmarks' unit defaults on RM133 mil financing facility
Landmarks said it is of the view that there will be no material impact to its business, both financially and operationally, in view that it has no other outstanding loans or facilities with any other banks or financial institutions.
Property transaction value hit record RM179b in 2022 — Napic
Commenting on the outlook for the property market this year, Napic director Aina Edayu Ahmad said it depends on market sentiment, especially from property developers and households.
Property developers set to face greater challenges in 2023, says Kenanga
“The sector will continue to be weighed down by oversupply and the declining price affordability, as rising interest rates and inflation bite into consumers’ spending power, let alone high-ticket purchases.
