KUALA LUMPUR: A legislative framework is key to ensure wide-spread adoption of green technology, said several experts in the field.

KUALA LUMPUR: The Housing and Local Government Ministry is reviewing the Uniform Building By-laws to make Malaysian buildings more environment-friendly. The review of the By-laws will incorporate green building technologies and features.

KUALA LUMPUR: In the seven years since it was set up, the Malaysian Tribunal for Homebuyers Claims has been flooded with nearly 4,000 cases annually, or an average of 10 complaints daily, from disgruntled purchasers.

We initiate coverage on Glomac with a Trading Buy call and a CY10 Target Price of RM1.83 based on 0.94x CY10 P/NTA, which is the average valuation for its closest comparable peers. Its cheap valuation, estimated at 0.7x CY10 P/NTA coupled with potentially strong earnings recovery in the immediate term, could well spur a rerating on the stock.

KUALA LUMPUR: Malaysian property developers are bracing for costlier steel, prompting the need to raise real estate prices against a backdrop of rising construction cost to preserve profit margins.

Bolton to buy Gombak landBolton Bhd’s wholly-owned subsidiary Ketapang Realty Sdn Bhd has entered into a sale and purchase agreement with LP Heights Sdn Bhd to acquire 22.98 acres of leasehold land in Gombak, Selangor, for RM72 million.The tract, located in the Ukay Perdana /Ulu Kelang area, comes with a development order for 184 residential units, comprising 36 semi-detached houses, 88 terrace

Berjaya Land ends Korean JVBerjaya Land Bhd’s proposed joint venture with South Korea’s Jeju Free International City Development Center (JDC) to build a Themed Village project has lapsed, according to a June 22 filing with Bursa Malaysia.Berjaya said that it had decided to focus on its current joint-venture development project in Jeju with JDC.

SEREMBAN: The Real Estate and Housing Developers' Association Malaysia (Rehda), Negri Sembilan branch, will hold Malaysia Property Expo (Mapex) 2010 over three days from April 23 at the Seremban Parade complex here.

REHDA Negeri Sembilan chairman Datuk Soam Heng Choon said the event had gained the support and participation of 18 developers.

KUALA LUMPUR: Demand for real estate in Malaysia is expected to improve this year as consumer sentiment recovers amid an improving broader landscape.

Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy president Datuk Michael Yam said demand for properties was slow in the first half of 2009 as consumer confidence was battered by weaker economic conditions  then.

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda) is planning to introduce a Home Completion Guarantee Scheme.

Its president Datuk Ng Seing Liong said the scheme would eliminate the possibility of projects being abandoned as Rehda would step in to complete the project should any problem arise.