News by Syafiqah Salim

Planning permission applications for the construction of buildings in Kuala Lumpur will no longer be considered without a geotechnical study prepared by certified engineers, under a new directive issued by Kuala Lumpur City Hall (DBKL).

Advancecon said it has initiated several strategic initiatives, including forming public-private partnerships and collaborating with state development agencies. 

Sime Darby Property Bhd (KL:SIMEPROP) expects a higher occupancy rate for Phase 3B of Battersea Power Station in the UK at between 50% and 80% by next year, from 20% currently.

Sime Darby Property Bhd (KL:SIMEPROP) said on Friday that it is pursuing an "aggressive plan" for data centre development.

The Housing and Local Government Ministry (KPKT) said it is planning the setting up of escrow accounts for housing projects, in order to ensure payments by homebuyers are used exclusively for housing projects that they have bought.

The contract for the Package 4B spans Bukit Pagon to Long Luping under the second phase of the Sarawak-Sabah Link Road project.

Johor-based property developer Paragon Globe Bhd (KL:PGLOBE) said it has entered into a deal to undertake its first serviced apartment project in Johor Bahru, with an estimated gross development value (GDV) of RM1.49 billion.

The proposed development of a port city on Carey Island could significantly boost the land value of SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, over time to the tune of RM7.1 billion, according to Maybank Investment Bank (Maybank IB).

Shares of construction and property group WCT Holdings Bhd (KL:WCT) plunged to their lowest in one month, after the stock exchange suspended intraday short-selling activities of the stock on Monday morning.

Avillion Bhd’s (KL:AVI) external auditor has flagged material uncertainty that would affect the hotel-and-travel company’s ability to continue as a going concern.