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‘Rent and Own‘ scheme for Johor folk
'This is good news for those who want to own property in prime areas where prices have increased, such as in Johor Baru.' - Datuk Md Jais Sarday ISKANDAR PUTERI: Johor folk will have the chance to rent new homes before they buy them.State housing and local government committee chairman Datuk Md...
New bridge to be built across Sungai Rawang
The new bridge is expected to mitigate soil erosion along the riverbank. A NEW bridge will be built as part of a soil erosion mitigation project at Jalan Kuala Garing, Rawang.The entire project, costing RM6.1mil, comprises construction of a 40m-long by 14m-wide bridge over Sungai Rawang,...
EPF aims to have 90% of members registrer with i-Akaun by 2021
KUALA LUMPUR: The Employees Provident Fund (EPF) is embarking on its journey towards digital transformation and aims to have at least 90% of its members register with i- Akaun by 2021, said head of services network department, Mohd Rodzi Abu Bakar. Mohd Rodzi said as of September 2017, about 34%...
Prasarana to officially unveil RapidFerry service next month
The ferry service is currently being run by Penang Port Sdn Bhd. SEBERANG PERAI: Prasarana Malaysia Bhd plans to officially unveil its Penang ferry service in November following negotiations.President and group chief executive officer Datuk Seri Azmi Abdul Aziz said the takeover was currently...
Sunway buys KFH's stake in South Quay project
Sunway South Quay was reported to have a gross development value of RM3.7bil.KUALA LUMPUR: Sunway Bhd is buying out Kuwait Finance House (M) Bhd’s (KFH) 20% stake in the 123-acre Sunway South Quay project in Bandar Sunway, Petaling Jaya, for RM136.65mil.In addition, Sunway Lagoon Sdn Bhd (SLSB) -...
New launches drop in 1H 2017
Rehda members during the media briefing of REHDA Property Industry Survey 1H 2017PETALING JAYA: The number of launches for both residential and commercial has reduced significantly by 31% and 34% respectively, in comparison to the previous half. Albeit the reduction, a similar percentage (4%) for...
UEM Sunrise on track to meet RM1.2bil sales target
Property launch: (from left) UEM Sunrise Bhd chief marketing officer Pam Loh, Anwar, COO Datuk Roslan Ibrahim and CFO Mohamed Rastam Shahrom at the unveiling of UEM Sunrise’s first phase of Residensi Solaris Parq, a mixed integrated development in Mont Kiara.Developer has embarked on various...
Higher household income not equal to higher consumption
Economist: Rising cost of living offsets household income increasePETALING JAYA: The increase in the Malaysian household monthly income may not necessarily reflect improved private consumption among Malaysians, largely due to the rising cost of living.An economist told StarBiz that he remains...
Mudajaya wins RM1.16bil LRT3 job from Prasarana
It will bring group’s outstanding order book to RM3.5bilPETALING JAYA: Mudajaya Group Bhd has bagged an award worth RM1.16bil from Prasarana Malaysia Bhd for construction works relating to the Light Rail Transit Line 3 (LRT3) project from Bandar Utama to Johan Setia.The construction firm said the...
Housing loan approval rates remain high, says ABM
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) refutes allegations published in a local publication that house buyers are finding it harder to obtain a housing loan and that loan approval time is increasing. "Housing loan approval rate remains high at 73% of the applications in the second...