RHB Research stays 'overweight' on construction sector as public projects gain momentum
In a note on Thursday (July 20), the research house said this was after the higher job flows from the private sector valued at RM39 billion in the first half of 2023 (1H2023) versus the public sector at RM9 billion in the same period, with the number of new applications for construction personnel reaching 151,500 applications in 1H2023, according to the Construction Industry Development Board’s data.
High interest rates help botched Genting Malaysia’s US$1.2b Miami land sale?
Jorge Perez, the chief executive officer of Related Group, one of Miami’s largest builders, told the WSJ that he “passed” on the deal because Genting wanted the whole acquisition price upfront rather than in stages.
Tex Cycle to sell property in Jalan Kuchai Lama for RM29 mil
The group is selling the property, via its wholly owned unit Metro Envy Sdn Bhd, to Gorgeous Arena Sdn Bhd (GASB), Tex Cycle said in a filing with Bursa Malaysia.
Builder Siab Holdings plans to raise RM110m via rights issue to fund Taghill acquisition
Siab said as both the group and Taghill are currently involved in the building construction services, the proposed acquisition will enable both companies to leverage their combined strengths and expertise in the construction industry, as well as respective business relationships with various industry stakeholders.
SkyWorld Development aims to maintain above 20% ROE with RM4.08 bil new launches in next three years
Since the launch of the first project in 2014, SkyWorld has scored a take-up rate of 98%, for which executive chairman Datuk Seri Ng Thien Ping attributed to the group’s strategy of delivering the right product with right pricing and at the right location, coupled with good quality and workmanship.
DONE DEAL: Terrace house, Cheras, Kuala Lumpur
DONE DEAL: Bungalow, Bukit Damansara, Kuala Lumpur DONE DEAL: Semidee, Bandar Sungai Long, Kajang Taman Mulia is situated in the busy township of Bandar Tun Razak.
DONE DEAL: Apartment, Le Yuan Residence, Kuala Lumpur
DONE DEAL: Bungalow, Bukit Damansara, Kuala Lumpur DONE DEAL: Semidee, Bandar Sungai Long, Kajang Situated in the heart of Old Klang Road, Le Yuan Residence comes with a man-made beach and is adorned with a myriad of conveniences.
MyCC: Higher conveyancing fees conflict with govt's bid to improve housing affordability
The commission said the imposition of fixed conveyancing fees is inconsistent with the fact that litigation fees in Malaysia do not follow fixed rates.
Former Khazanah senior adviser and director Lim Tuang Ooi joins IOI board
Lim is a chartered accountant with over 40 years of experience in risk management, banking and accounting.
