News by Ahmad Naqib Idris

Industry players also cite financing and shift in demand for poor uptake.

According to Second Finance Minister Datuk Seri Johari Abdul Ghani, the definition of affordable housing differs significantly between private and public property developers.

Crest Builder Holdings Bhd's non-executive chairman Tengku Datuk Sulaiman Shah Tengku Abdul Jalil Shah has disposed of 5 million shares, representing a 2.93% equity stake, in the company over the past two days.

O&C Resources Bhd (OCR) has bagged a RM324 million turnkey contract to build houses under the 1Malaysia Civil Servants Housing Project (PPA1M) in Precinct 5, Putrajaya.

The partnership comes ahead of the Construction Industry Development Board's aim to enforce 50% industrial building system usage in the private sector and 70% for the public sector by 2018, as outlined in the Construction Industry Transformation Programme.

According to a statement by AmProp, the JV will transform the buildings — located on Modesto Lafuente and Santa Engracia — into high end residential and commercial spaces.

Rehda says it is in the midst of collecting data on these units...

Under the agreement, MPCorp shall hold up to 35% in the JV company while the remaining 65% will be held by Chun Fu.

In May, Metronic appointed Ferrier Hodgson MH Sdn Bhd as a special auditor to conduct a two-month thorough review of its projects and transactions to identify any irregularity in the company’s transactions.

Versatile Creative Bhd said the due diligence for the development of medium-cost apartments, with a gross development value of RM110 million, in Johor Bahru has been delayed.