News by M

As the RM1.6 billion construction value of the project is pegged to the land that it will receive as compensation for the job, MRCB will also get the land parcels equivalent to the value of the jobs it has completed.

Ampang Park Shopping Centre shop owners and tenants have been told to vacate the mall by the end of the month although no date has been given for the walkway construction to begin.

State Town and Country Planning and Housing exco Jagdeep Singh Deo said the sub-committee would see that the commission’s findings and recommendations were followed.

Penang Island City Council has categorised the various types of hotels under its jurisdiction and the rates differ accordingly.

This follows Rehda’s proposal to the government to reintroduce the Developer Interest-Bearing Scheme (DIBS) for first-time house buyers.

Shah Alam is the administrative capital of Selangor and was once better known as an industrial hub. Now the city has evolved into a self-contained metropolis.

In the first incident, scaffold supporting construction of the Second Penang Bridge killed a passing motorist when it collapsed in the evening of June 6, 2013. A week later, the collapse of the fin wall from the roof of the 21-storey tower during a storm killed two people.

Urban Wellbeing, Housing and Local Government committee chairman Datuk Jalaluddin Alias said officials had visited nearly 220,000 homes to date, of which most were aware of the rule but not fully putting it to practice.

Pavilion REIT’s lower 3QFY15 y-o-y earnings were mainly attributed to higher quit rent and assessment expenses (3QFY15: RM2.7 million versus 3QFY14: RM200,000) and utility costs (+28.7% y-o-y). This has nudged down 3QFY15’s net profit margin by 3.1 percentage points to 59.0%, as compared with 3Q14.

Sanichi is expecting an annual profit of up to RM13 million from its maiden property development project in Klebang, Melaka for the next three years.