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Plenitude also announced that its new housing project launches in Johor and Kedah for the financial year ending June 2023 “carries a gross development value (GDV) of RM508.

Napic said the overall overhang situation improved in 1H2022, down by 7.

“If Pasir Gudang becomes a district of its own, we can shift some development into the area, which is currently more focused in Johor Bahru.

“Interest rate hikes do not seem to have a significant impact on new home sales”.

All Westlite PBWA assets in Malaysia are in compliance with the new regulatory specifications set out in the Workers’ Minimum Standards of Housing and Amenities Act 2019 (Act 446).

The department store operating on the properties has been suffering losses due to the weakening spending power of local residents as well as the adverse effects of Covid-19 mitigation policies on the retail business.

Under the collaboration agreement, LSHBB and Gamuda IBS aim to support the construction industry’s transition towards the Fourth Industrial Revolution (IR4.

Encorp said the proposed joint venture (JV) provides a strategic partnership and is in line with the group's principal business activity to expand its property development segment.

RHB Research noted that a negative outcome would be a hung Parliament, which could fuel uncertainty for the sector’s prospects.

The estate comes with a 14,142 sq ft main house, a guest house, gorgeous grounds with fountains, olive and palm trees, and an enormous pool with an entertainment deck and pool house.