News List

Sime Darby Property returns to profitability in FY19

KUALA LUMPUR, Feb 26 -- Sime Darby Property Bhd posted a net profit of RM598.53 million for the financial year ended Dec 31, 2019 (FY19), reversing a net loss of RM238.46 million a year ago, thanks to higher contributions from its core business of property development and one-off gains of RM245.5 million from the disposal of properties.

UEM Sunrise eyes RM4 Bln in unbilled sales

KUALA LUMPUR, Feb 25 -- UEM Sunrise Bhd expects to garner up to RM4 billion in potential unbilled sales in the next two years from the group’s ongoing and new projects, said managing director and chief executive officer, Anwar Syahrin Abdul Ajib.

Penang spends RM240.3 mln on housing maintenance projects since 2008 - Jagdeep

BUTTERWORTH, Feb 18 -- The Penang state government has spent RM240.3 million on public and private housing maintenance projects as well as housing maintenance projects under local authorities (PBT) since 2008, said State Housing, Local Government, Town and Country Planning Committee chairman, Jagdeep Singh Deo.

Lendlease targets to lease 90 pct of The Exchange TRX retail by end-2021

By Zarul Effendi Razali

KUALA LUMPUR, Jan 19 -- Lendlease Group, the developer of the retail-led mixed development part of the The Exchange TRX project, is eyeing to have the retail portion 90 per cent leased by end of 2021.

Serviced residences record demand growth of 17.3 pct in 2019

KUALA LUMPUR, Jan 17  -- Serviced residences recorded the highest demand growth of 17.3 per cent last year among the three property types, followed by condominiums at 14.2 per cent, due to a modest drop in capital appreciation, according to the 2019 Portal Demand Analytics. 

Reduce property prices to clear overhang units, urged CBRE-WTW

KUALA LUMPUR, Jan 16  -- Reducing the property prices is the only approach to clear the overhang units in the country, urged CBRE-WTW managing director Foo Gee Jen.

180,000 affordable homes to be built in Penang by 2030 - Jagdeep

BATU KAWAN, Jan 13 -- The Penang government targeted to build 180,000 affordable housing units in the state by 2030, state Housing, Local Government and Town and Country Planning Committee chairman, Jagdeep Singh Deo said today.

Time To Review Housing Legislation

By Prof Dr Ismail Omar

The writer Prof Dr Ismail Omar is the president of the Land Professionals Association of Malaysia (PERTAMA) and a senior lecturer in real estate management at Universiti Tun Hussein Onn Malaysia.

KUALA LUMPUR (Bernama) -- The Housing Development (Control and Licensing) Act 1966 (Act 118) is outdated and has to be amended to meet the demands of the people and resolve their housing woes.

Issues related to affordable housing and unsold housing units have to be resolved. Also unresolved are issues pertaining to the supply of land, including Malay Reserve Land and wakaf land, to build houses for the B40 group.

The time has come for housing-related laws to be reviewed, amended and harmonised to keep pace with current requirements.

Expand digitalisation to affordable homes, Adly urges developers

MELAKA, Dec 17 -- Housing developers in the state should expand the 'digital home' concept to affordable homes.

Eco World International optimistic of notching RM5 bln sales in FY20

KUALA LUMPUR, Dec 12 -- Eco World International Bhd is optimistic of achieving close to RM5 billion sales for the financial year ending Oct 31, 2020 (FY20), which is the balance of the RM6 billion sales set for two financial years beginning FY19.