Encorp sues contractor over delays and subpar work
KUALA LUMPUR (April 11): A unit of property developer Encorp Bhd has filed a lawsuit against its contractor to claim for liquidated damages of RM24.
East-coast’s GDP expected to rise 1.5% with ECRL
KUALA LUMPUR (April 11): The construction of the high-impact East Coast Rail Link (ECRL) in Kelantan is progressing slightly ahead of schedule, according to Malaysia Rail Link Sdn Bhd (MRL) which is optimistic of the economic spin-offs that the connection will bring to the region.
Versatile Creative scraps plans for RM110m GDV project in Johor
KUALA LUMPUR (April 11): Versatile Creative Bhd has scrapped plans to develop medium-cost apartments in Johor Bahru, estimated to have a gross development value (GDV) of RM110 million.
Fajarbaru buys stake to embark on third Australian project
KUALA LUMPUR (April 11): Fajarbaru Builder Group Bhd has, via its unit, bought 98 shares or a 49% stake in Australian firm Beulah Northcote Land Pty Ltd (BNL), for A$98 (RM290.
Johor’s Sultan Ibrahim ups Berjaya Assets stake
KUALA LUMPUR (April 10): The Sultan of Johor Sultan Ibrahim Sultan Iskandar raised his stake in Berjaya Assets Bhd (BAssets) to 11.
Ikhmas Jaya surges 17.14% after unit lands jobs worth RM257.72m
KUALA LUMPUR (April 10): Ikhmas Jaya Group Bhd shares surged 17.
Hunting for bargains at the auction
Where does one find bargains in the real estate market? Property investors say: Look at property auctions.
Construction sector’s contract outlook still robust
Construction sector Maintain overweight: High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown.
Pavilion REIT growth to moderate in near to medium term
Pavilion Real Estate Investment Trust (April 2, RM1.
