News by theedgemalaysia.com

Real Estate and Housing Developers’ Association (Rehda) president Datuk NK Tong suggested that banking institutions consider implementing cross-subsidies to help homebuyers own affordable homes.

Berjaya Corp Bhd (BCorp) founder and adviser Tan Sri Vincent Tan and BCorp's unit Berjaya Land Bhd (BLand) have obtained a restraining order against Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor which prevents him from making similar defamatory remarks relating to the Selangor Maritime Gateway (SMG) project.

Tropicana Corp Bhd is planning to launch SouthPlace 2 Shoppes & Residences at its 88-acre Tropicana Metropark development in Subang Jaya in the fourth quarter of 2023 (4Q2023), following the strong 90% take-up of its earlier SouthPlace Shoppes & Residences project, the developer announced in a statement.

Hextar Technologies Bhd (HexTech) has agreed to terminate the deal to sell two parcels of land measuring a total of 235,213 sq ft, located in Pasir Gudang and Klang, to SWS Capital Bhd for RM23.66 million.

LFE Corp Bhd's unit signed a deal on Wednesday (Aug 16) to jointly develop a housing project on 175 hecatres land in Gurun, Kedah.

Country Heights Holdings Bhd, the property developer founded by tycoon Tan Sri Lee Kim Yew, has defaulted on the payment of Islamic term financing facilities totalling RM89.67 million provided by MBSB Bank Bhd.

The first phase of IJM Land Bhd’s Nexus, which comprises 166 shop offices in the 2,300-acre Seremban 2 township, has been 80% taken up since its launch on July 22.

Construction outfit Inta Bina Group Bhd’s unit has clinched a contract from Southville City Sdn Bhd for related works at Phase 1 and 2 of SouthvilleCity-M Sinar for RM206 million — an amount that is almost double its market capitalisation.

Mah Sing Group Bhd said the purchase price of two parcels of land in Puchong Perdana it is acquiring from Millennium Acres Sdn Bhd has been lowered by 8.83% or RM7.58 million.

The upcoming mixed-use residential precinct will comprise the delivery of dual towers featuring approximately 430 apartments across both plots of land, alongside 12% affordable housing, though these are subject to development approval with further details to be determined.