Haily bags RM33 mil job to build houses in Johor, sees stronger year in 2023
Haily Group Bhd has secured a RM32.67 million contract to build 186 units of single-storey terrace houses in Bandar Putra Kulai, Johor.
BFood acquires 1.07% interest while BLand increases stake in 7-Eleven
Two Berjaya Corp Bhd subsidiaries have acquired shares in 7-Eleven Malaysia Holdings Bhd (SEM).
GFM Services buys into contractor tasked with building Rest and Service Area along KL-Karak Expressway for RM9m
GFM Services Bhd is spending RM9 million to take over a company that has been awarded the rights to develop a Rest and Service Area (RSA) along the Kuala Lumpur-Karak Expressway.
DONE DEAL: Factory, Seksyen 15, Shah Alam, Selangor
Noteworthy:
- Leasehold
- Built-up size: 36,000 sq ft
- Land size: N/A
- 3 bedrooms, 3 bathrooms
- Semi-furnished
- Nearby amenities: Convenience stores, schools, hospitals, F&B outlets, SACC Mall, AEON Mall Shah Alam, Alam Sentral, KTM Shah Alam
- Accessibility: Federal Highway, New Klang Valley Expressway (NKVE), Elite Highway, Shah Alam Expressway
When: September 2022
Govt urged to monitor affordability of house prices in private market
Putrajaya ought to monitor the prices of affordable housing or rent as the lack of affordable housing supply in the private market could push the number of households into social housing, Khazanah Research Institute (KRI) has cautioned, noting more households are now eligible for government assistance.
Malaysia's overhang residential units dip below 30,000 for first time in two years
Notably, the total residential overhang units in 2022 are led by those priced between RM500,000 and RM1 million at 33.6%, followed by RM300,000 to RM500,000 (at 29.3%) and below RM300,000 (at 23.5%) categories.
Selangor announces incentives to spur investments into Integrated Development Region in South Selangor
Idriss, first outlined under the First Selangor Plan 2021-2025, is expected to catalyse the development in the southern part of the state. The development involves an area spanning 40,000 acres (20,000ha) in the Sepang and Kuala Langat districts, with an estimated gross development value of RM1 trillion.
Scientex’s 2Q net profit grows 13.5% amid stronger demand in property business
Scientex Bhd posted a 13.5% year-on-year growth in net profit for the second quarter ended Jan 31, 2023 (2QFY2023), driven by improving sales and steady construction progress in the group’s property development business.
Titijaya’s subsidiary Renofajar served with winding up petition
Titijaya Land Bhd said its indirect wholly-owned subsidiary Renofajar Sdn Bhd has been served with winding-up petitions for failing to settle a judgment sum and failure to deliver vacant possession.
Landmarks' unit defaults on RM133 mil financing facility
Landmarks Bhd, a 21.7% associate of Genting Bhd, said its wholly owned subsidiary has defaulted in its repayment on financing facilities totalling RM133.37 million.
