Protasco to launch RM600 mil affordable homes at De Centrum by 2Q17
Protasco executive vice-chairman and managing director Datuk Seri Chong Ket Pen: We feel that in order to buck the market trend, we have to concentrate more on affordable housing.
Protasco executive vice-chairman and managing director Datuk Seri Chong Ket Pen: We feel that in order to buck the market trend, we have to concentrate more on affordable housing.
The group is also bidding for the Cyberjaya hospital project and is expecting two more packages to be announced for the West Coast Expressway.
the rising housing prices in Malaysia has not only been driven by the market, but high premium on land purchases — which are set by the respective state governments — is also a major factor...
Current and future monies in the account will only be for loan repayment — EPF
According to PMB’s filing with the bourse, RM13.5 million out of the total consideration will be for the purchase of the 41,799ha land, while the balance RM2.5 million will be used to purchase plant and machinery for the manufacturing and fabrication of aluminium-related products.
Revenue was slightly higher at RM41.98 million, compared with RM41.86 million a year earlier...
The already-sluggish market expected to be worse off going forward...
Prominent financial adviser Yap Ming Hui said he opposes the proposal to allow first-time homebuyers to withdraw more funds from their Employees Provident Fund savings to finance their purchases as this would encourage bad personal finance management habits.
The group expects to raise about RM768 million in proceeds, with RM389 million earmarked for the subscription of EWI shares.
It entered into the implementation agreement yesterday