News by M

The Ministry of Housing and Local Government is reviewing the Housing Development (Control and Licensing) Act 1966 to impose stricter actions on blacklisted developers for abandoned housing projects, including possible travel bans for their directors.

Just 10 days into the Transport Ministry’s crackdown on overloaded lorries, construction groups have warned that the move could delay project deliveries, disrupt budgets and slow key housing and infrastructure projects under the 13th Malaysia Plan (13MP).

Ho Hup Construction Co Bhd’s (KL:HOHUP) founding Low family has ceased to be a substantial shareholder in the company amid a boardroom tussle.

Repair work to fix the signalling system on the Mass Rapid Transit (MRT) Putrajaya Line is still in progress after Saturday’s (Oct 25) disruption.

Sime Darby Property Bhd has awarded a RM1.26 billion contract to IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corporation Bhd, for the main building works of a hyperscale data centre at Elmina Business Park.

Mudajaya said that it had secured an order of specific performance for developer Crest Worldwide Resources Sdn Bhd to deliver vacant possession of the properties from the High Court under the civil suit on Oct 22.

Advancecon Holdings Bhd announced today that its wholly-owned subsidiary, Advancecon Infra Sdn. Bhd. (AISB), has accepted two Letters of Acceptance (LOAs) from Sime Darby Property (Bukit Raja) Sdn Bhd for the execution of earthworks and other related works at Bandar Bukit Raja 2, located in Kapar, Klang, Selangor.

Sunway said the term loan facility will raise its gross borrowings to RM12.78 billion from RM10.91 billion as of end-December 2024, while net borrowings are expected to rise to RM8.45 billion from RM6.57 billion. 

Sime Darby Property Bhd conducted the soft opening of Kuala Lumpur Golf & Country Club Mall today.

Kedah-based developer Aman Setia Group has secured GCH Retail (Malaysia) Sdn Bhd as the anchor tenant of its Aman Parc township, with plans to build and lease a Giant supermarket under a 15-year agreement involving a total investment of RM10 million.