LBS Bina 4Q earnings decline as projects handed over
KUALA LUMPUR (Mar 1): LBS Bina Group Bhd’s fourth-quarter net profit declined 47% to RM17.
Mindef: Boustead’s sale of hotel not confirmed, valuation still underway
KUALA LUMPUR (Feb 27): The Defence Ministry (Mindef) has clarified that Boustead Holdings Bhd has yet to dispose of the Royale Chulan Bukit Bintang Hotel, saying the valuation process is still underway.
Damansara Realty’s PPA1M project in Putrajaya cancelled
KUALA LUMPUR (Feb 27): Damansara Realty Bhd (DBhd) said Putrajaya Corp has cancelled a project to build 1Malaysia Civil Servants Housing (PPA1M) units and related commercial components in Precinct 5, Putrajaya.
Malaysia’s first 5-star Forbes Travel Guide rating awarded to Crockfords Hotel
PETALING JAYA (Feb 22): Forbes Travel Guide Star Ratings, announced on 20th February 2019 in New York, honoured Crockfords Hotel at Resorts World Genting with the Five-Star award – making Crockfords the only hotel in Malaysia to receive such an honour and one of only 210 hotels worldwide bestowed with Forbes Travel Guide’s most prestigious ranking.
Define:Food restaurant to open at Colony@Star Boulevard KLCC luxury coworking space
PETALING JAYA (Feb 13): The Define Food Group will be opening its second outlet in May at Colony’s flagship and largest luxury coworking space to date at the Star Boulevard KLCC penthouse.
AIA remains mum on plans for Menara StanChart
KUALA LUMPUR (Feb 12): As AIA Bhd’s anchor tenant Standard Chartered Bank (M) (StanChart) prepares to relocate its headquarters from Menara Standard Chartered (pictured) to nearby Equatorial Plaza in the third quarter (3Q) of 2019, the insurer is silent on plans for its prized office asset.
What about us? M40 group shouldn’t be left out of homeownership incentives, says HBA
PETALING JAYA (Jan 31): With so much focus on easing homeownership for the B40 (bottom 40% income group) the National House Buyers’ Association (HBA) has reminded the government not to forget about the needs of the M40 (middle 40% income group).
BNM’s Fund for Affordable Homes to help lower income group own property
KUALA LUMPUR (Jan 29): Bank Negara Malaysia (BNM) has launched the Fund for Affordable Homes to help the lower income group in the country to own a home.
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CIMB Research: National Affordable Housing Policy could bite into developers' margins
KUALA LUMPUR (Jan 29): The larger affordable homes under the National Affordable Housing Policy (NAHP) could further erode property developers' margins if no incentives or subsidies are given to private developers, according to CIMB Research.
Govt RTO homes can only be resold to KPKT
KUALA LUMPUR (Jan 28): Houses under KPKT’s Rent-to-Own scheme can only be resold to the ministry to prevent speculation, said Housing and Local Government Minister Zuraida Kamaruddin.
