RM18.3b worth of unsold houses in 2Q, says deputy minister
A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023).
GuocoLand's 1Q net profit triples to RM4.8 mil on higher property development and hospitality contribution
Property developer GuocoLand (Malaysia) Bhd's net profit surged threefold to RM4.79 million in its first quarter ended September 30, 2023 (1QFY2024) from RM1.57 million a year ago, attributed to overall improvement in the property development and hospitality divisions.
Over RM529m worth of residential units auctioned in first nine months of 2023 — Nga
There were 1,920 residential units auctioned in the first nine months of 2023, with a total value of RM529.03 million, according to Local Government Development Minister Nga Kor Ming.
Malaysia-China Kuantan Industrial Park drew RM31b in investments, created over 14,000 jobs, says deputy Miti minister
The Malaysia-China Kuantan Industrial Park (MCKIP) has achieved a cumulative investment value of over RM31 billion across 21 projects, and is expected to create more than 14,000 job opportunities, according to Deputy Minister of Investment, Trade and Industry Liew Chin Tong.
No discussion with Singapore yet on HSR project, says Loke
The Malaysian government is still searching for a suitable financing method for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project before bringing it to the Singapore government for further discussions, says Transport Minister Anthony Loke.
Additional RM4.7b allocated for LRT3 to serve multiple purposes, clarifies Loke
The additional RM4.7 billion allocation for the LRT3 project, as announced in Budget 2024, will be used for various purposes, according to Transport Minister Anthony Loke.
Raising OPR not the only solution to ringgit depreciation, says PM
Anwar pointed out that Malaysia's economic indicators, such as inflation and unemployment rates, are still relatively low, while the economy and investments are steadily growing.
Ministry of Transport to negotiate continuation of Tebrau Shuttle service after RTS begins operations
The Ministry of Transport (MOT) intends to initiate negotiations for the continuation of the current Keretapi Tanah Melayu Bhd (KTMB) Tebrau Shuttle service from Johor Bahru to Singapore, even after the Rapid Transit Service (RTS) begins its operations.
Loke: Development of open payment system for Prasarana's rapid rail network to begin in March 2024
The commencement of design and development work for the open payment system serving the rapid rail network under Prasarana Malaysia Bhd is expected to begin in March 2024, according to Transport Minister Anthony Loke.
Local Government Ministry successfully revives 256 private housing projects worth RM23.37b
A majority of these housing projects have been granted Certificates of Completion and Compliance, while the rest have had their status changed to "in progress".
