News by M

Noteworthy:

• Freehold
• Built up: 5,858 sq ft
• 5 bedrooms, 5 bathrooms
• Penthouse
• Semi-furnished
• Nearby amenities: Petronas Twin Towers, Suria KLCC and hospitals
• Accessibility: Ampang-Kuala Lumpur Elevated Highway (Akleh), Jalan Tun Razak, SMART Tunnel, as well as LRT and MRT stations

When: April 2022

The Housing and Local Government Ministry (KPKT) has taken the initiative to introduce the Liveable Malaysia Agenda by setting the Malaysia Liveability Index (iDAM) to be practised by the Local Authorities (LAs) in the country.

In its September Central Bank Watch note released on Wednesday (Aug 31), UOB said that besides internal factors, expected outsized US Federal Reserve rate hikes in the coming months and global monetary conditions would also be taken into consideration by Malaysia's central bank in its September meeting.

UMW Group is disposing of 140 acres (56.66 hectares) of land at the UMW High Value Manufacturing Park (UMW HVM Park) in Serendah to LONGi (Kuching) Sdn Bhd for RM304.92 million.

Ekovest Bhd's net loss for the fourth quarter ended June 30, 2022 (4QFY22) ballooned to RM123.81 million from RM2.66 million a year before, dragged by lower contribution from the construction and property investment segments.

Malaysian Resources Corp Bhd (MRCB) swung back to the black in the second quarter ended June 30, 2022 (2QFY22) with a net profit of RM14.1 million compared with a net loss of RM32.42 million a year earlier, hoisted by the normalisation of its operations, which resulted in increased revenue and profit recognition from construction progress.

IJM Land Bhd saw more than 85% of Phase 1 units of the IKON @ Centrio development located in the Seremban 2 township in Negeri Sembilan taken up during its launch over the weekend, according to a press statement.

Paramount Corporation Bhd said the second half of this year holds better prospects for its property sector as most of the economic uncertainty is expected to dissipate.

IOI Properties Group entered into an agreement with Oriental Medical Segamat for the sale of a freehold land measuring 4.84 acres, located within Bandar IOI Segamat.

Managed and operated by Hyatt Hotels Corp, the four-star hotel is developed by Malton Bhd, owned by Mygres Ceramiche Sdn Bhd, and constructed by Siab Holdings Bhd.