BFood acquires 1.07% interest while BLand increases stake in 7-Eleven
Two Berjaya Corp Bhd subsidiaries have acquired shares in 7-Eleven Malaysia Holdings Bhd (SEM).
GFM Services buys into contractor tasked with building Rest and Service Area along KL-Karak Expressway for RM9m
GFM Services Bhd is spending RM9 million to take over a company that has been awarded the rights to develop a Rest and Service Area (RSA) along the Kuala Lumpur-Karak Expressway.
Govt urged to monitor affordability of house prices in private market
Putrajaya ought to monitor the prices of affordable housing or rent as the lack of affordable housing supply in the private market could push the number of households into social housing, Khazanah Research Institute (KRI) has cautioned, noting more households are now eligible for government assistance.
Malaysia's overhang residential units dip below 30,000 for first time in two years
Notably, the total residential overhang units in 2022 are led by those priced between RM500,000 and RM1 million at 33.6%, followed by RM300,000 to RM500,000 (at 29.3%) and below RM300,000 (at 23.5%) categories.
Selangor announces incentives to spur investments into Integrated Development Region in South Selangor
Idriss, first outlined under the First Selangor Plan 2021-2025, is expected to catalyse the development in the southern part of the state. The development involves an area spanning 40,000 acres (20,000ha) in the Sepang and Kuala Langat districts, with an estimated gross development value of RM1 trillion.
Scientex’s 2Q net profit grows 13.5% amid stronger demand in property business
Scientex Bhd posted a 13.5% year-on-year growth in net profit for the second quarter ended Jan 31, 2023 (2QFY2023), driven by improving sales and steady construction progress in the group’s property development business.
Titijaya’s subsidiary Renofajar served with winding up petition
Titijaya Land Bhd said its indirect wholly-owned subsidiary Renofajar Sdn Bhd has been served with winding-up petitions for failing to settle a judgment sum and failure to deliver vacant possession.
Landmarks' unit defaults on RM133 mil financing facility
Landmarks Bhd, a 21.7% associate of Genting Bhd, said its wholly owned subsidiary has defaulted in its repayment on financing facilities totalling RM133.37 million.
Property transaction value hit record RM179b in 2022 — Napic
Malaysia's total property transaction value hit RM179.07 billion in 2022, the highest-ever value recorded by the National Property Information Centre (Napic) since 2001.
Property developers set to face greater challenges in 2023, says Kenanga
Real estate developers are expected to face greater challenges this year with limited room to shift higher construction costs to customers whose purchasing power has been eroded by inflation and rising interest rates.
