Sweden-based industrialised building system (IBS) firm, Scandinavian IBS Sdn Bhd (SIBS) has undertaken an additional 6.07-hectare expansion at its new plant in Penang Science Park in Simpang Ampat with investments worth RM500 million over the next five years.
Aiming to provide greater professional security for the public, the Malaysian Institute of Property and Facility Managers (MIPFM) has entered into a memorandum of understanding (MOU) with Etiqa General Insurance Bhd to offer Professional Indemnity (PI) Insurance as well as the Fire and Miscellaneous Classes for members of MIPFM and property management firms.
Scientex Bhd's net profit slipped 12.4% to RM124.98 million in the fourth quarter ended July 31, 2022 (4QFY22) from RM142.65 million, hit by higher tax and interest expenses amid margin compression in its property segment.
Airbnb Inc could add Korean traditional houses known as "hanok" as an independent booking option on its home rental platform, an executive has said, amid the growing popularity of the Korean wave of pop culture among international travellers.
AME Elite Consortium Bhd (AME) is optimistic it will achieve industrial property sales of about RM250 million in the financial year ending March 31, 2023, on the back of increasing foreign and domestic direct investments into its industrial parks.
Universiti Putra Malaysia’s Faculty of Design and Architecture dean, Associate Prof Dr Suhardi Maulan, said the development of open and green areas is important to make a city more resilient, in line with Malaysia’s goal to achieve the 2030 Agenda for Sustainable Development.
Plywood products maker Annum Bhd (formerly Cymao Holdings Bhd), has inked a preliminary agreement to appoint Koperasi Belia Nasional (Kobena) as an agent to get its members to purchase all 130 single-storey terrace homes of a residential project which it is developing in Perak.
Noteworthy:
When: April 2022
Award-winning property developer S P Setia Bhd and one of the region's leading hotel management companies ONYX Hospitality Group, recently introduced the new Amari Kuala Lumpur in Setia KL Eco City, Kuala Lumpur.
Strata titles of properties must be handed over together with the delivery of vacant possession, stated the Special Task Force to Facilitate Business (PEMUDAH) in its meeting on Sept 26.
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