News by TheEdgemarkets.com

This is despite some investment analysts seeing an increase in the overhang of both residential and commercial properties, although the home price index has begun to soften in 2022.

The 61-year-old was redesignated as MD in May 2019, two months after the demise of his elder brother Koh Seng Kar @ Koh Hai Siew, who founded the group in the 1980s.

The banking facilities — a form of financial assistance by the bank — was to finance the proposed development of a block of 293 service apartments known as Penang East Service Suite in Bagan Jermal, Butterworth Penang.

The vacant industrial land in Kulim High-Tech Park measures about 301,874 sq ft.

Construction engineering company MGB Bhd on Friday (Jan 13) inked a memorandum of understanding (MOU) with real estate development company SANY Alameriah For Construction Co Ltd to collaborate on projects in Saudi Arabia.

The first phase of Arena Residences, the latest residential development in the 206-acre Warisan Puteri in Sepang, is now open for sale, according to IOI Properties Group Bhd chief executive officer Datuk Voon Tin Yow.

A joint venture (JV) of JAKS Resources Bhd is filing an application to stay and set aside the adjudication decision to pay RM11.49 million to GUH Holdings Bhd's unit, plus other interests, costs and adjudicator's fees, following the termination of a work contract.

Ireka Corp Bhd is giving a profit warning that its financials are expected to be dragged by the huge losses in its wholly-owned unit Ireka Engineering & Construction Sdn Bhd (IECSB) in the current third financial quarter ending March 31, 2023 (3QFY2023).

Malaysia Building Society Bhd (MBSB) said its chairman Tan Sri Azlan Zainol, who was also former Employees Provident Fund (EPF) chief executive officer, has passed away.

Rehda Institute — the research, education and training arm of the Real Estate and Housing Developers’ Association (Rehda) — is seeking ways to mitigate high compliance costs as discussed at a roundtable session titled Rehda Institute Housing Forward Roundtable: Cost of Doing Business 2023 on Thursday (Jan 12).