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SkyWorld secures third consecutive win at FIABCI World Prix d’Excellence Awards
SkyWorld previously secured Gold Awards for SkyAwani 2 and SkyAwani 3 Residences in the Affordable Housing category at the 2023 and 2024 editions of the same awards.
6% SST will lead to homebuyers bearing brunt of increased prices—REHDA
“In today’s urban landscape especially in city centres, where residential units are often part of mixed developments due to land scarcity, subjecting these units to SST will inevitably lead to increased housing prices, ultimately impacting homebuyers who will have to bear the brunt.
GDB chairman Zaini Omar resigns due to health issues, Chia Lui Meng takes over
GDB's group managing director, Cheah Ham Cheia, is the company's largest shareholder.
UEM Edgenta forms JV to expand presence in Dubai's property management sector
UEM Edgenta's entry into the Middle East's premium property management sector began with its acquisition of Kaizen from NW Kaizen Holdings Ltd for about RM55 million in February last year.
Country Heights to sell South Africa-based unit for RM600,000
According to Country Heights, Versatile Champion owns a parcel of land measuring 526.
Shopping mall operators urge deferment, staggered SST expansion amid rising cost concerns
The Malaysia Shopping Malls Association pointed to ongoing global economic uncertainties, including tariff wars, supply chain disruptions, and intensifying regional and digital competition, which continue to challenge retail businesses.
Berjaya Land sells 80% stake in Vietnamese property developer for RM202m
The group said its wholly-owned subsidiary, Berjaya Leisure (Cayman) Ltd, is divesting the 80% stake in Berjaya-Handico12 Co Ltd (BHandico12) to two Vietnamese firms, namely Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC.
Binastra’s latest construction win signals clientele diversification efforts, say analysts
However, analysts are divided on the margins from new clients, at least in the initial stage, compared with the 9%-10% enjoyed by the company through relationship with key clients such as EXSIM Development Sdn Bhd, Maxim Global Bhd (KL:MAXIM) and Platinum Victory Sdn Bhd.
Tower REIT CEO Martin Kung steps down after six months at the helm
The 46-year-old, who does not hold any stake in the REIT, is resigning to pursue other career opportunities, the company said in a Bursa Malaysia filing on Wednesday KUALA LUMPUR (June 11): Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.
