IPOH: The Perak government has refuted the claim by an activist of a non-government organisation, which has gone viral on social media, that it approved an allocation of RM30 million for the development of Kampung Baru Cina in the state. Menteri Besar Datuk Seri Saarani Mohamad said the activist concerned made the statement on the matter, which was a lie and fictitious, during a political talk with...
development
KUALA LUMPUR: Resintech Bhd signed two significant agreements to strengthen the company’s financial performance and further its strategic expansion into property development. The company’s wholly-owned subsidiary, Johan Panglima (M) Sdn Bhd (JPSB), signed a share subscription agreement with CNH Group Sdn Bhd (CGSB) and a tenancy agreement with Concepts ATC Sdn Bhd (CASB). Upon completion of the...
KAMPAR: The Housing and Local Government Ministry (KPKT) has approved an allocation of RM6.72 million (RM6,719,840) for the implementation of 11 development and public infrastructure projects in Kampar this year. Its Minister Nga Kor Ming said the projects include the Malaysian Housing Maintenance Fund Programme (RM210,000), the Kampar District Council development project (RM3.06 million), and the...
BUKIT MERTAJAM: The state government will not discourage any party from developing land in Penang to increase property ownership among Bumiputeras, said Chief Minister Chow Kon Yeow. He said the state government welcomed and encouraged the idea of the Penang Malay Association (PEMENANG) and the interest of UDA Holdings Berhad (UDA) in developing land to increase Bumiputera property ownership in...
IPOH: The amendments to the Housing Development (Control and Licencing) Act 1966 (Act 118) to enforce stricter measures against developers involved in fraud and abandoned projects are expected to be presented in Parliament next year. Housing and Local Government (KPKT) Minister Nga Kor Ming said the ministry is actively engaging with stakeholders to ensure that these amendments provide fair outcomes...
KUALA LUMPUR: SkyWorld Development Berhad, an urban property developer principally involved in investment holding, provision of management services to its subsidiaries and property development, yesterday announced its financial results for the fourth quarter (Q4FYE2024) and unaudited full year ended March31, 2024 (FYE2024). For Q4FYE2024, SkyWorld Development reported profit before tax (PBT) and profit...
KUALA KANGSAR: The Ministry of Housing and Local Government (KPKT) has allocated RM5.43 million for 21 infrastructure development and improvement projects in the Kuala Kangsar district. Its minister, Nga Kor Ming said all the projects must be completed by Dec 31 and the highest amount of allocation of RM1 million has been channelled to the project to upgrade and refurbish the swimming pool belonging...
KULAI: Seventy per cent of the property development in Forest City, Iskandar Puteri, has been sold within the past two years and is set to continue to increase over the next three or four years. State Housing and Local Government Committee chairman Datuk Mohd Jafni Md Shukor said the impact of property sales would further boost the economic sector in the area. “Many unsold properties over the past...
PETALING JAYA: QI group has launched its Sukuk Ijarah Programme worth RM100 million to raise funds for land acquisition and construction of its proposed Quest International University (QIU) campus in Ipoh, Perak. Bank Pembangunan Malaysia Bhd (BPMB) is the primary subscriber at RM60 million, of the programme. The Sukuk Ijarah is issued via Silver Formula ABS Bhd, a special purpose company set up to...
KUALA LUMPUR: Mah Sing Bhd's unit Star Residence Sdn Bhd has entered into an unincorporated joint venture agreement with Liberty Triangle Sdn Bhd to undertake the development of a RM500mil gross development value (GDV) mixed-use project named M Zenya in Kepong, Kuala Lumpur. In a filing with Bursa Malaysia, the property...