PNB to conduct study on Kampung Baru redevelopmentPermodalan Nasional Bhd (PNB), Malaysia’s largest fund manager, will conduct a study on the government’s plan to redevelop Kampung Baru.PNB president and CEO Tan Sri Hamad Kama Piah Che Othman says the study is to determine whether the redevelopment will yield competitive returns for the company following the government’s propos

Relocation of Lai Meng School and Kindergarten approvedThe Ministry of Education has approved the relocation of Lai Meng School and Kindergarten from Jalan Ampang to Bukit Jalil, Magna Prima Bhd announced on Bursa Malaysia on July 1.

Mah Sing acquires prime land in Klang Valley for RM276.1 millionMah Sing Group Bhd's acquisition spree is continuing with the latest purchase of three plots of land, where it plans to develop projects worth a combined gross development value of RM1.1 billion.

IJM Land’s project sees 50% take-upIJM Land Bhd’s latest addition to the RM5.5 billion The Light Waterfront project — The Light Collection 1, with a GDV of RM203 million — saw a take-up rate of 50% even before its official launch during the weekend of July 31.The Light Collection 1 is the third chapter of The LIght development in Penang, after the launch of The Light Linear and

Opportunity for EPF contributors to buy high-end housesFrom Aug 1, contributors to the Employees Provident Fund (EPF) who have not made withdrawals to buy houses or to reduce their housing loans will be able to purchase higher-priced houses under the fund’s Flexible Housing Withdrawal Scheme.The EPF’s CEO Tan Sri Azlan Zainol said on July 29 that the facility was introduced to

KYM Holdings Bhd acquires RM3 mil land near Gohtong JayaManufacturing and property development company KYM Holdings Bhd is acquiring three contiguous parcels of leasehold land in Genting Highlands for RM3 million.In a July 20 filing, the company said it had entered into a sale and purchase agreement on July 19 with the vendor Datuk Seri Thiagarajah Nadarajah JP for the parcels 

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

Hunza chairman: Penang property market in for another boomThe Penang property market is expected to enter another boom cycle, following signs of a gradual rise in prices due to a limited supply of land in prime areas.Datuk Khor Teng Tong, Hunza Properties Bhd (HPB) group executive chairman, said on Aug 17 that the local property industry is well on the road to recovery as the i

Menara Olympia deal abortedThe proposed disposal of Olympia Industries Bhd’s Menara Olympia to Jelita Timur Sdn Bhd for RM30.2 million has been aborted following the buyer’s withdrawal.In a Bursa Malaysia filing on Aug 27, Olympia Industries said it will refund Jelita Timur the RM3.02 million deposit.Olympia Industries had received a directive from Bursa Malaysia Securities Bhd

Green light for guarded neighbourhoods if 51% of residents approveResident associations may set up guarded neighbourhoods if a minimum of 51% of residents agree, said Housing and Local Government Minister Datuk Chor Chee Heung.