News List

Rehda Working Closely With Housing Ministry To Reduce Abandoned Projects

KUALA LUMPUR, Jan 21 (Bernama) -- The tightening of various acts and legislations as a result of a close working relationship between the Real Estate and Housing Developers Association (Rehda) and Local and Housing Ministry has helped reduce the number of abandoned housing projects, said Rehda president Datuk Micheal Yam,

Bina Puri Expands Land Bank In East Malaysia

KUALA LUMPUR, Jan 21 (Bernama)-- Bina Puri Holdings Bhd's wholly-owned subsidiary, Bina Puri Properties Sdn Bhd, has acquired land of approximately 1.95 acres (0.8 hectares) in Kota Kinabalu, Sabah, for RM4.5 million.

Naim Holdings To Develop Prime Land In Batu Lintang

KUCHING, Jan 21 (Bernama) -- Sarawak-based Naim Holdings Berhad (Naim), a property developer and construction group, will develop prime land in Batu Lintang, Kuching, into the state's biggest comprehensive mixed development project, costing more than RM300 million.

Bina Puri Clinches RM62.8 Mln Project In Thailand

KUALA LUMPUR, Jan 19 (Bernama) -- Bina Puri Holdings Bhd's associate, Bina Puri (Thailand) Ltd (BPTL), has secured a 626 million baht (approximately RM62.76 million) project to undertake structural and architectural works for phase one of Phahonyothin Park condominium in Bangkok, Thailand.

SP Setia Aims To Live Up To Its Setia 4U Tagline

By Choong En Han and Zarul Effendi Razali

KUALA LUMPUR, Jan 19 (Bernama) -- SP Setia Bhd with its latest campaign, "Setia 4U", hopes to live up to its name as a loyal developer that delivers quality houses to purchasers.

Property Transactions Set To Exceed RM100 Billion This Year

KUALA LUMPUR, Jan 18 (Bernama) -- Property transactions are expected to exceed RM100 billion in worth this year from RM96.77 billion in the first 11 months of last year, said Director General of Valuation and Property Services Department, Datuk Abdullah Thalith Md Thani.

SP Setia Down On Profit Taking, Land Deal Remains Major Catalyst

KUALA LUMPUR, Jan 18 (Bernama) -- Property firm SP Setia's stock declined 32 sen to RM6.38 this morning despite the company acquiring 16.08 hectares of land in Bangsar via a land swap deal as some investors cashed in on profits after the counter's recent historic highs.

SP Setia Proposes Placement Of Up To 152.52 Million New Shares

KUALA LUMPUR, Jan 18 (Bernama) -- SP Setia Bhd is proposing a placement of up to 15 per cent of its issued and paid-up share capital to finance some of its existing projects, future expansion plans as well as working capital requirements.

Ceiling Price For 100 Per Cent House Loan Stays At RM220,000

KUALA LUMPUR, Jan 13 (Bernama) -- The government currently, has no plan to raise the ceiling price for houses which did not require down payment, from RM220,000 to RM350,000, said Housing and Local Government Minister Datuk Chor Chee Heung.

Maybank Sees Good Response For New Mortgage Facility For Property Purchase In London

KUALA LUMPUR, Jan 13 (Bernama) -- Malayan Banking Bhd (Maybank) is anticipating a take up of RM60 million within the next six months for its latest mortgage facility 'Overseas Mortgage Loan Scheme' being offered for those purchasing properties in London, United Kingdom.

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