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‘Look into developer loans policy’
BY RAZAK AHMADPETALING JAYA: The Cabinet has asked the Urban Wellbeing, Housing and Local Government Ministry to ensure that the interest rate and duration of repayment for housing loans given out by developers do not burden the people.Minister Tan Sri Noh Omar said the Cabinet has also directed...
LBS Bina target price raised to RM2.15
KUALA LUMPUR: CIMB Equities Research has raised the target price for property company LBS Bina Group Bhd from RM2 to RM2.15 following its corporate exercise to beef up its construction business.Under the exercise, LBS is injecting its 75%-owned construction arm MITC Engineering into its 51% owned...
Healthy elevated living in Highpark Suites
By NURUL ASMUI MD AZMIGamuda Land offers innovative concept of wellness park living within the first green high-rise building in Kelana Jaya.HighPark Suites general manager Lim You Kuang (left) and Gamuda Land chief operating officer Ngan Chee Meng standing next to the scale model of HighPark...
Rehda property industry survey 1H 2016
Rehda president Datuk Seri FD Iskandar during the association's Property Industry Survey for the first half of 2016.PETALING JAYA: Rehda (Real Estate and Housing Developers' Association) Malaysia continued to undertake its property industry survey to assess the property market performance in 1H...
LBS Bina streamlines construction biz under ML Global
BY JOSEPH CHINKUALA LUMPUR: Property company LBS Bina Group Bhd is streamlining its construction business under ML Global Bhd under a RM300mil corporate exercise which will involve a share swap and issuance of new preference shares.LBS Bina said on Wednesday that its unit MITC Sdn Bhd had entered...
LBS Bina total sales at RM873m, expects to meet FY target of RM1.2b
BY TOH KAR INNLBS managing director Tan Sri Lim Hock San is confident that the group will be able to meet its full year sales target of RM1.2bil.KUALA LUMPUR: Property company LBS Bina Group Bhd reported total sales of RM873mil as of Sept 13, 2016.LBS managing director Tan Sri Lim Hock San is...
Property sales slump due to financing issues: Rehda
PETALING JAYA: Property sales performance experienced a significant decrease to 39% in the first half of 2016 compared with 52% in the previous corresponding period, according to the Real Estate and Housing Developers' Association Malaysia (Rehda).In its property industry survey for the first half...
Getting to the bottom of drain cleaning in KL
BY GRACE CHENWho's in charge: The cleaning of drains in Kuala Lumpur is no longer under the jurisdiction of DBKL as the Solid Waste and Public Cleansing Management Act 2007 (Act 672) was gazetted on Aug 30, 2007 and enforced since Sept 1, 2011. It is now the responsibility of the Solid Waste and...
MBPJ removes eight tonnes of rubbish from illegal dumpsites in Ara Damansara
BY BRENDA CH’NGStarMetro's report on Sept 7.THERE is finally an end to the rubbish woes in Ara Damansara as the Petaling Jaya City Council (MBPJ) moved in to clean up two major illegal dump sites by the Sungai Kayu Ara riverbank.Located beneath the bridge along Jalan PJU1A/3 and at the dead end...
Prasarana to be responsible for MRT operations
BY YVONNE T.NATHANPrasarana Malaysia Bhd will be operating the MRT Lines soon , but will passengers see an end to inconsistent services such as the recent power failure that left thousands stranded?Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) Strategic Communications and Stakeholder Relations...