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94% take-up for Elmina Valley Phase 2
Sime Darby Property scores another breakthrough.Eager purchasers looking at the City of Elmina scale model during the Elmina Valley Phase 2 launch.PETALING JAYA: Sime Darby Property repeated its Elmina Valley success by attaining a 94% take-up rate for its Elmina Valley Phase 2, which was...
World Bank downgrades Malaysia's growth forecast
The Washington DC-based World Bank has downgraded Malaysia’s growth forecast this year by 0.3 points to 4.4.PETALING JAYA: The Washington DC-based World Bank has downgraded Malaysia’s growth forecast this year by 0.3 points to 4.4%.The international financial institution has posted the biggest...
LBS extends unconditiondal mandatory general offer to listed unit ML Global
PETALING JAYA: Property developer LBS Bina Group Bhd is extending an unconditiondal mandatory general offer (MGO) to acquire all the remaining shares and warrants it does not own in listed subsidiary ML Global Bhd (MGB) for 56 sen and six sen per share, respectively.The MGO was triggered by LBS’...
Bank Negara urged to ease conditions for first-time house buyers
(from left) Jagdeep Singh, Zairil and Cheah painting the wall of Block C of the Rifle Range flats to start off repainting work.A STATE exco member has urged Bank Negara Malaysia to consider giving flexibility to first-time home buyers in repaying bank loan.State Housing Committee chairman Jagdeep...
Mah Sing targets homes costing below RM500,000
KUALA LUMPUR: Mah Sing Group Bhd is targeting to launch RM2bil properties this year with 50% priced below RM500,000."In the next two years we are focusing On the affordable house segment to capture the current market demand," executive director Datuk Steven Ng told reporters at Invest Malaysia...
Property market to remain weak throughout 2016, says AllianceDBS Research
KUALA LUMPUR: Optimism from certain quarters about a recovery in the property market during the second half this year is likely to be misplaced as sentiment and fundamentals remain weak, said AllianceDBS Research in a note today.The research house said that 2016 could be an even more challenging...
Explain mega projects to people, Penang state told
BUTTERWORTH: The Opposition in Penang wants the state government to provide a clear explanation at the next state assembly sitting of the mega projects it wants to implement.State Opposition Leader Datuk Jahara Hamid claimed that many things about the mega projects such as the proposed undersea...
MK Land ready to help on affordable housing projects
IPOH: MK Land Holdings Bhd is ready to help any state government that wants to implement affordable housing projects, said its founder Tan Sri Mustapha Kamal Abu Bakar.He said they had also found a lot of land in several states that could be developed to carry out affordable housing projects in...
S P Setia wins Project of the Year award
(From left) Datuk Khor Chap Jen, president and CEO of SP Setia Berhad receiving Project of the Year Award from Datuk Halimah binti Mohamed Sadique, Deputy Minister of Urban Wellbeing, Housing and Local Government. Looking on was Assoc Prof Dr Osman Mohd Tahir, president of Ilam.PETALING JAYA: S P...
IJM adopts Facebook at Work
KUALA LUMPUR: IJM Corporation Bhd says it’s the first public listed company in Malaysia to embrace Facebook at Work. The enterprise version of the social media service will be used by about 4,600 employees across 10 offices spanning Asia, Middle East and Europe.IJM chief executive officer and...