ISKANDAR MALAYSIA: The much anticipated Iskandar Malaysia’s 10th Year anniversary celebration was officially launched by Prime Minister of Malaysia YAB Dato’ Sri Mohd Najib Tun Razak in Educity, Iskandar Puteri here yesterday. Also present at the launch was Menteri Besar of Johor YAB Dato’ Mohamed Khaled Nordin. In the past decade, from 2006 until November … Read more
KUALA LUMPUR — Property developer Bina Darulaman Bhd (BDB), is lining up projects with a gross development value (GDV) of RM900 million for 2017. Group Managing Director Datuk Izham Yusoff said the projects include a water theme park in Bandar Darulaman township and residential development in Kuala Kangsar, Perak. “Kuala Kangsar will be BDB’s first venture … Read more
The descendants of a Malaysian property mogul are fighting in Singapore’s High Court over four family-owned firms, one of which owns 32 units in the Bukit Timah Shopping Centre. Notably, the late Mr Loong Yoke Phin’s eight daughters, who hold minority stakes in the four companies, have taken to court their only brother and his … Read more
KUCHING — Sarawak, in addition to providing business premises to entrepreneurs, will build more industrial parks to cater to the needs of investors as well as the small, medium entrepreneurs to grow their businesses. Its Minister of Industrial Development, Entrepreneur and Investment, Datuk Amar Awang Tengah Ali Hasan, said eight industrial parks, with an allocation … Read more
Assemblyman Datuk M. Asojan (BN-Gambir) has called on the state government of Johor to review a housing regulation to spur the development of affordable homes outside the Iskandar Malaysia region. Asojan noted that it was hard to find housing developments spanning over 1.21ha in Tangkak as well as in Bukit Gamir as property developers in … Read more
KUALA LUMPUR, (Bernama) — Property developer SP Setia Bhd posted a pre-tax profit and revenue of RM260.44 million and RM1.26 billion, respectively, due to strong sales of RM943 million for the three-month period ended Sept 30, 2016. Meanwhile, for the nine months period ended Sep 30, 2016, the group recorded a pre-tax profit of RM657.43 … Read more
SP Setia Bhd has expanded its footprint in Penang to Sebarang Prai Utara, after it won the tender for a 677.8 piece land there. In an announcement, the company revealed that WTW Real Estate Sdn Bhd had notified it of its successful tender bid at RM620 million, which was made via its subsidiary Setia Recreation … Read more
Credit reporting agency CTOS has made its consumer credit score report available via phone apps. Your ‘credit-bility’ is now in the public realm, with the agency saying this may encourage people to be more aware and to take charge of their credit health. MEK ZHIN reports. MALAYSIAN credit reporting agency CTOS has made its credit … Read more
PETALING JAYA, Nov 2 (Bernama) — The diversity of definitions of affordable home price threshold for the Malaysian property market needs to be addressed in a more uniform way, says the Real Estate and Housing Developers’ Association Malaysia (REHDA) Institute. Its Chairman Datuk Jeffrey Ng Tiong Lip said ideally there should be one uniform number … Read more
KUALA LUMPUR: The government will guarantee up to RM100,000 under the special step-up end-financing scheme announced for PR1MA (1Malaysia People’s Housing Programme). Secretary General of Treasury Tan Sri Dr Mohd Irwan Serigar Abdullah said some buyers who were chosen from the PR1MA balloting process were still unable to obtain loans. “The banks said the credit worthiness … Read more