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Developer to widen roads in KL South
BY SYIFAA’ MUSA(From left) Trinity Group chief marketing officer CY Ng, Chung, Neoh, Abdul Rahman and Mohd Suzrin Ibrahim at the groundbreaking ceremony for the infrastructure enhancement at Trinity Aquata in KL South.BOUTIQUE property developer Trinity Group Sdn Bhd (Trinity) said it would...
Tropicana Q4 revenue up 50%
For the year in review, Tropicana reported a commendable revenue of RM1.46bil, an increase of 16.5% compared to RM1.25bil recorded last year due to higher work in progress from the group’s on-going developments in Klang Valley and the northern region.PETALING JAYA: Property developer Tropicana...
DRB-Hicom boosted by sale of property, returns to the black
DRB-Hicom reported that its automotive division posted a loss of RM456.24mil and its investment holdings reported a loss of RM76.59mil. However, its services division posted a profit of RM238.96mil while property, asset and construction accounted for RM402.19mil in profit.PETALING JAYA: DRB-Hicom...
Titijaya and China Railway sign deal for The Shore
Lim: ‘With the strong CREC presence in China, The Shore will attract more investors from China.'PETALING JAYA: Titijaya Land Bhd and CREC Development (M) Sdn Bhd (CRECD) have entered into a framework agreement for a RM575mil gross development value (GDV) property development in Kota Kinabalu,...
Mah Sing to use cash pile to expand landbank and form joint ventures
“Our focus is mainly in Greater Kuala Lumpur but we are also open to other high growth locations in Malaysia,” group managing director Tan Sri Leong Hoy Kum(pic) said in a statement yesterday. “Our cash pile and low net gearing will allow us to look out for potential land acquisitions,joint...
Analysing MRT's Impact
Is the mega infrastructure a friend or foe?By VIKNESH ASHLEY vikneshashley@thestar.com.mypicture of MRT commuters on Monday as it is last day of free rides at Phileo Damansara MRT Petaling JayaTHE MRT line in Malaysia has been up and running for nearly two months now, since the 16th of December...
‘EOT for developers should be on case-to-case basis’
PETALING JAYA: A housing developer’s right to extension of time (EOT) for late delivery of projects requires serious deliberation and should be decided on a case-to-case basis, say property industry players.Property consultancy PPC International Sdn Bhd managing director Datuk Siders Sittampalam...
Noh gives reasons for time extensions
by eugene maha lingam, royce tan, gan pei ling, adrian cha n, andjo timbuongKUALA LUMPUR: Following a landmark court decision compelling late delivery compensation to house buyers, the Government gave its reasons for approving time extensions to developers.Urban Wellbeing, Housing and Local...
Court ruling gives new hope to buyers of PJS1 flats
PETALING JAYA: A High Court decision that housing developers have to compensate affected house buyers if they fail to deliver a project on time has come as a beacon of hope for a man who has been waiting 13 years for a home.M. Sugumaran and 275 others had bought units of the Block E Petaling Utama...
Property market to consolidate further
BY EUGENE MAHALINGAMPETALING JAYA: The Malaysian property market is expected to continue consolidating this year, in light of the challenging economic environment, said Socio-Economic Research Centre executive director Lee Heng Guie.“There is still some overhang in certain segments and oversupply...