Losses mount in resale market in Singapore

The take-up rate of new homes, as measured by the sales-to-launch ratio, has dropped from 117% in March to 96% last month, notes Nicholas Mak, executive director of research and consultancy at SLP International.

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CIDB acts against contractor for site safety negligence

  PETALING JAYA (May 22): Construction Industry Development Board of Malaysia (CIDB) has taken legal action against the main contractor of KL Eco City development in Bangsar, Kuala Lumpur, for safety negligence in the collapse of a link bridge that caused the death of a site worker.

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Gabungan AQRS finalising Dengkil land sale to PR1MA

KUALA LUMPUR (May 22): Gabungan AQRS Bhd expects to finalise the planned sale of its land in Dengkil, Selangor to PR1MA Corp Malaysia within the next three weeks under a proposed joint venture (JV) to develop affordable housing there.

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CIDB warns contractors of impostors

PETALING JAYA (May 18): The Construction Industry Development Board of Malaysia (CIDB) wants construction contractors nationwide to be wary of people impersonating as CIDB officers.

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