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DBKL not involved in ‘recreational’ land sale
A file picture from August 2017 showing the land in question being cleared for development. - FilepicKuala Lumpur City Hall (DBKL) had no role in the sale of a land originally meant for a recreational park to a private developer.Kuala Lumpur mayor Tan Sri Mohd Amin Nordin Abd Aziz confirmed at a...
Cultivating a robust property scene in Malaysia
Second Finance Minister Datuk Seri Johari Abdul Ghani, giving his speechPETALING JAYA: Property developers are suggested to form strategic collaborations with financial institutions to overcome loan rejection issues for eligible buyers, said the Second Finance Minister Datuk Seri Johari Abdul...
TTDI residents fail to get stay against proposed Taman Rimba Kiara project
KUALA LUMPUR: Taman Tun Dr Ismail (TTDI) residents have failed to stop a proposed mixed development project at Taman Rimba Kiara.High Court (Appellate and Special Powers) judge Justice Kamaludin Md Said handed down the decision on Thursday (Dec 14), dismissing the stay order against the project...
Skyworld’s first landmark Sukuk Transaction
SkyWorld founder and group managing director Datuk Ng Thien Phing.PETALING JAYA: SkyWorld Development Group Sdn Bhd successfully raised RM50mil through Tranche one of its Sukuk Musharakah Islamic Medium Term Note (IMTN) Programme.The RM50mil Tranche 1 IMTN is secured against 1,260 sales and...
Nippon Paint revealed AYDA 2017’s winners
(from left) AYDA chief judge of interior design category Lai Siew Hong, Nippon Paint Malaysia Group group general manager Gladys Goh, AYDA gold winners Shahmeena Labeeb (interior design category) and Ng Wai How (architecture category), IJM Land Bhd managing director Edward Chong, and AYDA chief...
UEM Sunrise acquires approximately 20 acres of land in Taman Equine
PETALING JAYA: UEM Sunrise Bhd recently acquired a 19.24-acre land for RM109.50mil in Taman Equine, Seri Kembangan, Selangor.The agreement was done through the company’swholly-owned subsidiary, Sunrise Alliance Sdn Bhd (SASB), which inked a sale and purchase agreement (SPA) with Kemaris...
Will property market crash in 2018?
"Malaysia’s property market is moving into an oligopoly market structure and experiencing a supply-corrective cycle in 2018," said Yap. THE term “property market crash” generally refers to a significant drop in property value, a situation in which market suppliers were losing their price...
New drive to help welfare homes
Bags of care: Wong (second from left) with (from left) Star Media Group chief operating officer Calvin Kan, Ng, SkyWorld Development Group deputy group managing director Lam Soo Keng, Star Media Group editor-in-chief Datuk Leanne Goh and SkyWorld Development Group COO Lee Chee Seng with the brown...
Sime Darby Property adds Putra Heights Mosque to the community
Artist rendering of the Putra Heights MosquePETALING JAYA: Putra Heights by Sime Darby Property Bhd welcomed a new addition to its township – the Putra Heights Mosque. A groundbreaking ceremony was held at the project site, attended by Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali, Sime...
P Kasi ousted from MK Land board of directors
Substantial stakeholder: P Kasi holds 16 stake in MK Land.PETALING JAYA: Datuk Kasi K.L. Palaniappan, one of the co-founders of property developer MK Land Holdings Bhd, was ousted from the company after failing to garner sufficient votes from shareholders to remain as a director.The 59-year-old...