PROPERTY NEWS



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#International
Asia’s Billionaire Population Fastest Growing Globally
The billionaire population in Asia is set to outgrow other regions between 2018 and 2023, according to Knight Frank’s 13th edition of The Wealth Report. ...
clock 28-04-2019
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#WestMalaysia
LBS Recognised at the Edge Billion Ringgit Club Awards 2018
Leading township developer LBS Bina Group Berhad (LBS) ends the year on a high note by clinching the ‘Highest Returns to Shareholders Over Three Years’...
clock 13-12-2018
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#WestMalaysia
LRT 3 Project to Resume at Fixed Price of RM11.8 Billion
MRCB George Kent Sdn Bhd (MRCB-GK) has received a letter of appointment from Prasarana Malaysia Bhd for the proposed Light Rail Transit Line 3 (LRT 3) proj...
clock 06-11-2018
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#EastMalaysia
You Can Now Own a Property With a Monthly Income of RM2,300
In the recently presented National Budget 2019, the government will set up a fund of RM1 billion to provide home mortgage at an interest rate of 3.5%, for ...
clock 04-11-2018
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#EastMalaysia
China Firm to Build RM8 Bil Resort Off Labuan's Kuraman Island
A Chinese investor is to spend a whopping RM8 billion to develop an international island resort and marina destination off Kuraman Island, creating 10,000 ...
clock 02-11-2018
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#WestMalaysia
Dr M Dithering on Mega Projects to
Prime Minister Tun Dr Mahathir Mohamad's apparent “flip-flopping” on several multi-billion-ringgit China-backed projects here is only a facade to allow...
clock 30-08-2018
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#EastMalaysia
Government Received Offers to Build ERCL for RM10billion
Tun Dr Mahathir Mohamad said the government has received offers to undertake the East Coast Rail Link (ECRL) project for as low as RM10 billion. The Prime ...
clock 30-08-2018
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#WestMalaysia
Target of 1mil PR1MA Homes Off by 983,318
Deputy Housing and Local Government Minister Raja Kamarul Bahrin Shah Raja Ahmad told Dewan Rakyat on Wednesday, 15 Aug, that only 16,682 units of 1Malaysi...
clock 17-08-2018
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#WestMalaysia
LRT3 Tender Will Not Be Reopened Because of Additional RM4billion Cost
The government will not reopen tender for the LRT3 project as it will incur an additional cost of over RM4.2 billion. Finance Minister Lim Guan Eng said...
clock 09-08-2018
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#BankingInvestment
Bank Negara's International Reserves at RM104.5bil as of July 31
Bank Negara Malaysia's international reserves amounted to US$104.5 billion as at July 31 this year. This was a marginal 0.096 percent lower than the US$...
clock 08-08-2018
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#pan
Government Mulls Plans to Reduce Pan Borneo Project Cost
The government will review the structure of the implementation modal for Pan Borneo Highway project to prevent waste. This was agreed upon by Sarawak Wo...
clock 369d ago
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#WestMalaysia
IJM Clears the Air Over RM1billion Unsold Units
IJM Land Bhd has unsold properties totalling about RM1billion throughout the country; 95% of which comes from its landed and high-rise residential units, w...
clock 06-07-2018
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#WestMalaysia
Contractor Suspends Work on RM80bil ERCL Project
The main contractor of the RM80 billion East Coast Railway Link (ECRL) has been told to suspend work, raising uncertainty about part of China's future Belt...
clock 05-07-2018
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#WestMalaysia
Unsold Total Completed Houses in Malaysia Stands at RM22billion
The number of unsold completed residential units – including serviced apartments and small office, home offices (SoHos) – totalled 34,532 wor...
clock 29-06-2018
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#EastMalaysia
Sabah to Review Costing of RM1.2billion International Convention Centre
The Sabah International Convention Centre (SICC) project is under scrutiny after the present state government found that its cost has more than doubled. ...
clock 26-06-2018
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#EastMalaysia
SESB to Disconnect Electricity Supply to 1Borneo Hypermall
1Borneo Hypermall will be without electricity supply if it fails to settle its arrears owed to Sabah Electricity Sdn Bhd (SESB) by Tuesday, June 26. Acc...
clock 26-06-2018
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#WestMalaysia
ECRL Can Be Built for Only RM29.7bil Compared to Previous RM60bil Cost
The previous administration has signed a deal with China to construct the East Coast Rail Link (ECRL) for RM60 billion, but the mega project can be built f...
clock 21-06-2018
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#EastMalaysia
East Coast to Get One Billion Investment
The Sabah state government is set to bring in investments worth RM1 billion for Lahad Datu, Semporna and Tawau. Chief Minister Datuk Seri Mohd Shafie Ap...
clock 19-06-2018
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#WestMalaysia
Hap Seng Targets RM1.3b GDV in Launches This Year
Plantation and property conglomerate Hap Seng Consolidated Bhd is eyeing the launch of property developments with a gross development value (GDV) of approx...
clock 05-06-2018
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#property
Sime Darby Property to Exit Kedah & Sabah
Sime Darby Property Bhd plans to dispose about 1,900 acres of its land in Kedah and Sabah as the property developer sets sight on its maximising the key lo...
clock 22-03-2018
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