News by M

 KKB Engineering Bhd has bagged two contracts worth RM100.7 million, which will help boost its earnings for the financial year ending Dec 31, 2018 (FY18).

Tan Sri Lim Kang Hoo, the property tycoon who has been in the news since he bought into 1Malaysia Development Bhd’s Bandar Malaysia project, is said to have shelved plans to list his flagship Iskandar Waterfront Holdings Sdn Bhd (IWH).

The high court has dismissed the winding-up applications for three of Perennial Real Estate Holdings’ associated joint venture (JV) companies, namely: Capitol Investment Holdings, Capitol Retail Management and Capitol Hotel Management.

Mah Sing Group Bhd will issue up to RM1 billion worth of perpetual securities or bonds to finance the property developer's land acquisitions and working capital requirement.

United Malayan Land Bhd (UMLand), via its wholly-owned subsidiary Seri Alam Properties Sdn Bhd, has inked a memorandum of understanding (MoU) with Chong Wei Binajaya Sdn Bhd to develop part of the proposed Lee Chong Wei International Sports City.

Titijaya Land Bhd, which is making its debut venture in Sabah via an RM575 million waterfront mixed development in Kota Kinabalu with a Chinese partner, aims to capitalise on tourism and recreational activities in the state to fuel demand for its projects.

Although the overall transaction volume has fallen, Penang’s housing market looks more resilient than other major markets such as Kuala Lumpur, Selangor and Johor, based on transaction volume, said TheEdgeProperty.com product and business development director Alvin Ong.

FROM charity scams to love deceptions, crooks have devised more gimmicks in cheating you out of your earnings. One of the latest on the list are rental scams, targeting those who are in a hurry to lease out their properties or are unfamiliar with renting procedures.

The apartment units at Pangsapuri Cenderawasih have three different built-ups – 700 sq ft, 800 sq ft and 1,000 sq ft. They are priced at RM42,000, RM150,000 and RM220,000 respectively.

Property agents should shift their mindsets and explore more options in terms of property selling, according to Axis Real Estate Investment Trust (REIT) Managers Bhd head of investment Siva Shanker.