News by M

Varied views from a number of stakeholders in the property segment

In the newly announced Budget 2024 Madani, themed "Madani Economy: Empowering the People" the government has allocated a total of RM393.8 billion, reflecting a slight increase from the previous budget of RM388.1 billion set in February 2023.

The Master Builders Association Malaysia (MBAM) acknowledges the government's efforts in reforming the Malaysian economy while empowering the rakyat in Budget 2024 that was tabled on Friday.

The government is developing a rooftop solar buyback programme and will extend the current net energy metering (NEM) programme to Dec 31, 2024, in a bid to incentivise rooftop solar installation, said Prime Minister Datuk Seri Anwar Ibrahim.

OSK Property and Employees Provident Fund (EPF) have officially launched the second phase of Melbourne Square called BLVD apartment on Thursday in Southbank of Melbourne, Australia.

Propel Global Bhd is to purchase two parcels of land in Kuala Kuantan, Pahang for RM14.7 million to undertake a commercial development project with a gross development value (GDV) of RM68 million.

HIL Industries Bhd has proposed to acquire a company that owns land near the Shah Alam-Klang border that has been earmarked for residential development, in a related party transaction.

Wasco Bhd (formerly known as Wah Seong Corporation Bhd)’s indirect wholly-owned subsidiary, Wasco AgroTech Sdn Bhd, has disposed of a piece of freehold land in Klang, Selangor for RM40 million.

The construction sector must embrace the disruption of technologies, such as the industrialised building system (IBS), building information modelling (BIM) and automation, to meet the demands of the modern world, said Works Minister Datuk Sri Alexander Nanta Linggi.

Battersea Power Station in London will see its office further expanding in 2023 with the completion of 50 Electric Boulevard, a 200,000 sq ft office building designed by Foster + Partners, according to a statement dated Oct 11.