GEORGE TOWN: A total of 18 out of 24 projects by Perbadanan PR1MA Malaysia (PR1MA) classified as ‘sick’ or problematic have been resolved since the MADANI government assumed control. Housing and Local Government Minister Nga Kor Ming said six additional projects in Melaka, Kedah, Negeri Sembilan, and Kelantan are expected to be completed by year-end. “As of August, PR1MA has 88 projects,...
Property News
KUALA LUMPUR: Haily Group Bhd (HGB), one of the key players in Johor’s construction industry, remains optimistic about its growth prospects as it continues to secure contracts and expand its footprint in Johor’s property development sector. With a robust order book of 26 ongoing projects valued at RM857.93 million, HGB is well-positioned to capitalise on the state’s economic growth and ongoing...
KUALA LUMPUR: The government’s new proposal, Madani Deposit Initiative (MDI), aimed at providing help for young people to own homes, is welcomed by PropertyGuru, which sees it as a pivotal step in addressing housing affordability for young Malaysians. PropertyGuru country manager Kenneth Soh said its recent study revealed that 50% of respondents desire greater government support in the form of...
KUALA LUMPUR: PropertyGuru urges the government to continue collaborating with financial institutions to offer flexible loan packages and favourable interest rates and periodically revise policies to align with evolving domestic housing demands. PropertyGuru and iProperty Malaysia country manager Kenneth Soh said home affordability continues to be a central concern for many Malaysians, particularly...
IPOH: The Ministry of Housing and Local Government (KPKT) is committed to focusing on efforts to help young people own homes through the MADANI Deposit scheme. The MADANI Deposit, aimed at youths aged between 21 and 40, is one of 33 proposals forwarded by the ministry to the Ministry of Finance for Budget 2025. Minister Nga Kor Ming said that 76.9 per cent of families in the country currently possess...
KAMPONG Lorong Buangkok, the last remaining village in Singapore valued at SGD 70 million (RM225 million), has gained attention recently on social media. In a TikTok video by Wan & Zal, a duo known for exploring properties in Singapore, they showcase the village and its place in the local landscape. The village stands strong thanks to its owner, Sng Mui Hong. The land was purchased by her father,...
LONDON: Parts of England were lashed by heavy rain and flooding in the early hours of Friday, reported the German news agency (dpa). The Met Office issued an amber warning for areas of the Midlands and the south of the country overnight, with the advisory expiring at 6 am (0500 GMT). A yellow rain warning persists for large parts of England and Wales before the wet weather finally eases into the...
PETALING JAYA: The Housing and Local Government Ministry (KPKT) is considering implementing a new law requiring litterbugs to perform community service by cleaning. KPKT Minister Nga Kor Ming said the Social Work Order would ensure that those found guilty of littering are not only fined but also required to clean “roads and drains,” as quoted from a report by The Star. He added that those held...
PETALING JAYA: Global packaging manufacturer and property developer Scientex Bhd delivered record results for the financial year ended July 31, 2024 (FY24), with revenue increasing 9.8% to RM4.5 billion, and net profit surging 24.4% to RM545.2 million. The improved performance was primarily driven by robust demand in the property division, which recorded a 29.7% year-on-year increase in revenue to...
KUALA LUMPUR: Police are investigating the possibility of GISB Holdings Sdn Bhd (GISBH) deceiving the public into donating by claiming that the 572 children living in homes run by the company who were rescued during Op Global were orphans, while in fact, they were the children of its members. Inspector-General of Police Tan Sri Razarudin Husain said investigations also revealed that the children in...