EDGEPROP. 5TH SEPTEMBER: The Ministry of Environment and Water estimated that an allocation of RM392 billion would be needed as a long-term solution to overcome the country’s flood problems for the next 78 years. Its Minister Datuk Seri Tuan Ibrahim Tuan Man said the Government’s seriousness in dealing with climate change issues is demonstrated through large investments in the country’s water […]
THE EDGE MARKETS. 5TH SEPTEMBER: The construction sector has been the backbone of economic growth in many countries, including Malaysia. Its sister industry, the property sector, has also been an important growth engine over the last few decades. Malaysia’s real estate industry has not only brought forth investment opportunities, but also created the physical environment in which […]
EDGEPROP. 2ND SEPTEMBER: Lagenda Properties Bhd will be developing a new “affordable township in the heart of Sungai Petani”, Kedah with Bina Darulaman Bhd. Called Darulaman Lagenda, the development will comprise more than 2,500 landed affordable homes with a gross development value of RM593 million, Lagenda Properties stated in a media release. The township will have three phases with […]
EDGEPROP. 31ST AUGUST: The Housing and Local Government Ministry (KPKT) has taken the initiative to introduce the Liveable Malaysia Agenda by setting the Malaysia Liveability Index (iDAM) to be practised by the Local Authorities (LAs) in the country. Launched recently by the Housing and Local Government Minister Datuk Seri Reezal Merican, the development of iDAM is […]
EDGEPROP. 29TH AUGUST: Hyatt Place Kuala Lumpur in Bukit Jalil was structurally completed on Monday (Aug 29). Managed and operated by Hyatt Hotels Corp, the four-star hotel is developed by Malton Bhd, owned by Mygres Ceramiche Sdn Bhd, and constructed by Siab Holdings Bhd. The hotel was launched in 2020, and is expected to open its doors in […]
PROPERTY GURU. 29TH AUGUST: Malaysia hopes to expedite the revival of the aborted High Speed Railway (HSR) project with neighbour Singapore at the earliest date, said Prime Minister Datuk Seri Ismail Sabri Yaakob. Meanwhile, Perbadanan Kemajuan Negeri Selangor (PKNS) has partnered with Bank Islam Malaysia Bhd to offer a new Islamic financing scheme to help homebuyers […]
EDGE MARKETS. 22ND AUGUST: Lagenda Properties Bhd’s net profit rose 17.38% to RM50.38 million for the second quarter ended June 30, 2022 (2QFY22), from RM42.92 million a year earlier, due to an increase in its confirmed sales as a result of effective marketing strategies. Earning per share increased to 6.03 sen from 5.49 sen, according to […]
PROPERTY GURU. 23RD AUGUST: Homeowners who plan to renovate their property must secure the local authority’s approval, otherwise they may face problems once they sell it. Meanwhile, homeowners in Kuala Lumpur will only have a year to complete renovation works at their houses from the date Kuala Lumpur City Hall (DBKL) approved the renovation plan. 1) […]
DAILY EXPRESS. 23RD AUGUST: Compounds totalling RM12.4 million have been issued by the Department of Labour Peninsular Malaysia (JTKSM) to employers from Feb 2020 until Sunday for failure to provide suitable and comfortable workers’ accommodation and hostels.JTKSM deputy director-general (Operations) Mohd Asri Abdul Wahab said the compounds were issued through 1,083 investigation papers for failing to comply with the Employees’ Minimum Standards of Housing, Accommodation and […]
EDGE MARKETS. 18TH AUGUST: In the sphere of housing development disputes, no case has invited more discussion or interest than the Federal Court case of Ang Ming Lee. The court gave credence to the social legislation that is the Housing Development (Control and Licensing) Act 1996 (HAD) and its related regulations, where it decided that […]