‘1MDB only holds 20% of Air Itam land purchased’
GEORGE TOWN: Government strategic fund 1Malaysia Development Bhd (1MDB) only holds 20% or 23.47 acres (9.5ha) of the 116.89 acres of freehold land it purchased in Air Itam in 2013, revealed Chief Minister Lim Guan Eng last Friday.
PROPERTY SNAPSHOT 1: The transformation of Puchong South
The average transacted price per square foot (psf) rose 6.3% y-o-y to reach RM170 psf in 3Q2014. This follows 12% y-o-y growth in the preceding year.
Budget reaffirms federal capital’s commitment to public housing
Mayor Datuk Mhd Nordin Abdul Aziz said that City Hall needed to ensure there were enough houses to accommodate Kuala Lumpur’s 1.8 million inhabitants.
Penang sets up committee for housing scheme redevelopment, upgrading
Penang housing exco Jagdeep Singh Deo told the state legislative assembly sitting yesterday that the new committee would look into planning and implementing redevelopment and regeneration programmes for public housing schemes.
MRCB 3Q net profit falls 79.4% on lower revenue
MRCB saw its revenue for 3QFY15 fall 24.8% to RM374.06 million from RM497.26 million in 3QFY14.
Mah Sing to launch RM1.3 bil worth of projects in Penang next year
The projects — Ferringhi Residence Two, condominium blocks at South Bay City in Batu Maung and Pykett, Jalan Burmah on the island — are expected to contribute about 10% to 12% to the group's sales.
Penang, SPAD to co-operate on transport master plan
Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said SPAD would provide technical advice and procedures for approval of projects such as the LRT and tram services.
Sound town planning basis for good public transport system
The public wants punctuality, coverage and reliability in public transport.
Malton falls 3.09% on poor 1Q earnings
Malton's revenue came in 10.3% higher at RM123.08 million from RM111.59 million a year earlier, driven by its construction and project management division, its Bursa filing showed.
