Previously Scomi Transit Projects Sdn Bhd (STP) was awarded a RM404 million contract to replace the monorail trains under the Kuala Lumpur Monorail Fleet Expansion Project (KLMFEP) by Prasarana Malaysia Bhd, the asset and project owner of KLMFEP. According to Prasarana Malaysia, STP has failed to adhere to the timeline as the project was scheduled … Read more
The property outlook in Iskandar Malaysia remains attractive with good demand for landed residential properties, as the foreign and domestic property buyers prefer landed over high-rise living. According to Stanley Saw, divisional general manager at SP Setia Bhd (Property South), the development and progress taking place in Malaysia’s first economic growth corridor served as the … Read more
KUALA LUMPUR, June 23 (Bernama) — Gabungan Strategik Sdn Bhd, a unit of Gabungan AQRS Bhd, has received a letter of intent (LOI) from PR1MA Corporation Malaysia to acquire 1,149 units of PR1MA homes from the company and AQRS The Building Company Sdn Bhd. Gabungan Strategik is the developer, while AQRS The Building Company is … Read more
GEORGE TOWN: Price manipulations, market monopoly and evictions of generations-old tenants are threatening the city’s world heritage site, claimed NGOs here. Heritage properties estimated at RM400,000 to RM600,000 had suddenly changed hands for up to RM1.2mil, and these inflated prices have stirred foreigners, especially Singaporeans, into a buying frenzy of George Town’s pre-war shophouses. The … Read more
WORK on Klang’s third bridge is 75% complete and motorists can look forward to smoother traffic flow by the end of the year. The new bridge, the construction of which started two years ago, will complement the two existing bridges – Jambatan Kota and Jambatan Musaeddin. It will connect Jalan Goh Hock Huat from north … Read more
For those people who live in KL, Putrajaya, Melaka, Perlis, Negeri Ssmbilan, Pahang, Kedah and Johor, you should know by now that Solid Waste and Public Cleansing Management (SWCorp) have been announced that every family are required to segregation the household waste as of 2015 September 1, or you will be received warning letter and possibly be imposed a … Read more
The Penang Regional Development Authority (PERDA) will offer the rent-to-own housing programme to enable the islanders who do not have regular income to buy a home. “This programme is to help those rejected by banks, sometimes because they have no fixed income or have a bad track record, especially the younger generation. This is only for low-cost housing … Read more
The latest announcement from Dewan Rakyat that the government has rebounded a total of 182 private housing development projects which have been abandoned since 2009. “The complete projects involved 32,641 home-buyers”, said by Datuk Halimah Mohamed Sadique, Deputy Minister of Housing and Local Government. “There are 226 abandoned housing projects which affect a sum of 40,866 house-buyers” she … Read more
Malaysia Airports Holdings Bhd (MAHB) has mapped out a big plans to transform 1,000 acres of empty land near Kuala Lumpur International Airport (KLIA) in Sepang with the potential of generating RM7bil in investments over five years. Managing director Datuk Badlisham Ghazali said the KL International Airport (KLIA) Aeropolis would be developed through three key clusters namely, Air Cargo, Logistics, … Read more
PETALING JAYA: House buyers should take care of unpaid National Higher Education Fund Corporation (PTPTN) loan should they wish to have a smooth mortgage application process. GM Training Academy PLT chief executive officer said the listing of National Higher Education Fund Corporation (PTPTN) loan in Central Credit Reference Information System (CCRIS) has become one of the reasons … Read more
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