News about property

KUALA LUMPUR (Oct 20): Trive Property Group Bhd said it had inked a preliminary agreement to negotiate for its appointment as the turnkey contractor to build affordable homes for Syarikat Perumahan Negara Bhd (SPNB) in a project worth RM1.

PETALING JAYA (Oct 17): Sime Darby Property Bhd saw its latest launch — Elmina Green phase 1 — achieve a take-up rate of 70% over the weekend when it was launched on Oct 14.

KUALA LUMPUR (Oct 14): Malaysia’s fire safety laws are not outdated, as provisions under the Uniform Building By-Laws 1984 had been updated in 2012 to include new materials, construction methods and technologies to eliminate unnecessary requirements, said Fire and Rescue Department Malaysia Fire Safety Division assistant commissioner Hamdan Ali.

KUBANG PASU (Oct 11): The Jitra Magistrate’s Court here granted a two-day remand order on DBI Properties managing director Datuk Noruliman A Rahman to help investigations into a property scam here involving RM30,000, Bernama reported today.

  PETALING JAYA (Oct 11): Sime Darby Property Bhd is launching the first phase of Elmina Green, comprising 187 units of 2-storey terraced homes at City of Elmina, this Saturday (Oct 14).

KUALA LUMPUR (Oct 10): Loss-making Sanichi Technology Bhd, whose share price has been on the decline since April, is proposing a rights issue with warrants to raise some RM59.

PETALING JAYA (Oct 6): E-commerce will not replace shopping malls because both models need each other to survive, said Retail Group (Malaysia) Sdn Bhd managing director Tan Hai Hsin.

PETALING JAYA (Oct 6): As Malaysian consumers become increasingly concerned about the sustainability features of a product, developers should implement them into their projects to achieve greater success, said VERITAS Design Group president and founding director David Mizan Hashim.

PETALING JAYA (Oct 6): Although there may be a surplus of residential properties in the Iskandar Malaysia region in the short term, it is not a big issue in the long run as the economic zone aims to have about 600,000 to almost 700,000 houses by 2025, said Iskandar Regional Development Authority vice-president of planning and compliance Sakurah Jamaluddin.

PETALING JAYA (Oct 6): Property rental laws are vital to establishing a more robust rental market in Malaysia, said Minister of Finance II Datuk Seri Johari Abdul Ghani.