"GBI is offering a 20% discount on certification fees for new projects under its green rating system, encouraging sustainable building practices in Malaysia." Kuala Lumpur, 03rd Sept 2024, 10.28am - To encourage sustainability in real estate, Green Building Index Sdn Bhd is providing a 20% discount on registration fees for new projects aiming for certification under the Green Building Index (GBI)...
"MRT 3's potential revival, along with other infrastructure initiatives, signals a promising FY2025 for Malaysia's construction sector, with key players poised for gains." Kuala Lumpur, 02nd Sept 2024, 17.27pm - The possible revival of the MRT 3 project, along with the resurgence of other government infrastructure initiatives, suggests a more promising outlook for the construction sector as FY2025...
"Mah Sing breaks ground on Residensi Suria Madani and unveils M Aspira, both in Taman Desa, with a combined GDV of RM1.01 billion." Kuala Lumpur, 30th Aug 2024, 11.08am - Mah Sing Group Bhd hosted a groundbreaking ceremony for Residensi Suria Madani and unveiled the M Aspira mixed-development project on Thursday. Together, these projects represent a combined gross development value of RM1.01...
"The government temporarily suspends new project approvals in Kuala Lumpur following recent sinkholes, as officials review and update development safety procedures." Kuala Lumpur, 29th Aug 2024, 12.00pm - Minister in the Prime Minister's Department, Dr. Zaliha Mustafa, announced on Wednesday that the government has temporarily paused new construction approvals in Kuala Lumpur due to recent sinkhole...
"Tropicana will soft-launch Lido Waterfront Boulevard and Fraser Hills in Johor, while partnering with NTT GDC on a data center project in Gelang Patah." Kuala Lumpur, 26th Aug 2024, 10.28am - Tropicana Corporation Bhd (Tropicana) is set to soft-launch two major developments in Johor in the coming months—Lido Waterfront Boulevard in Johor City Centre and Fraser Hills in Tropicana Uplands, Gelang...
"Yong Tai plans to contest Kerjaya Prospek's RM105 million lawsuit over a contract dispute and may consider a countersuit, with minimal financial impact expected." Kuala Lumpur, 26th Aug 2024, 10.28am - Property developer Yong Tai Bhd announced its intention to defend against a lawsuit filed by construction firm Kerjaya Prospek Group Bhd over an alleged unpaid contract dispute, and may consider filing...
"S P Setia clinched the Top Developer Award 2024 at BCI Asia Awards, recognizing its sustainable development efforts across 32 key projects in Malaysia." Kuala Lumpur, 23th Aug 2024, 1.18pm - S P Setia Bhd was honored with the prestigious Top Developer Award 2024 at the BCI Asia Awards during a gala dinner at the Mayang Sari Ballroom, JW Marriott Hotel Kuala Lumpur, on August 16. The award winners,...
"KPKT to establish escrow accounts for housing projects, ensuring funds are used solely for intended projects. RM30,000 deposit aid proposed for first-time homebuyers." Kuala Lumpur, 21th Aug 2024, 11.48pm - The Housing and Local Government Ministry (KPKT) announced plans to establish escrow accounts for housing projects to ensure that payments made by homebuyers are exclusively used for the specific...
"SMI receives RM47 million takeover offer from key shareholders, including Francis Leong and Techbase subsidiaries, triggering a mandatory offer under Malaysian laws." Kuala Lumpur, 21th Aug 2024, 11.48pm - On Tuesday, South Malaysia Industries Bhd received a takeover bid exceeding RM47 million from a group of key shareholders. The shareholders — Francis Leong and two subsidiaries of Techbase...
"Miti aims for RM300 billion in green investments by 2030, crucial for achieving net zero by 2050, as outlined in its latest strategy." Kuala Lumpur, 20th Aug 2024, 12.46pm - Malaysia aims to attract up to RM300 billion in green investments by 2030, the Ministry of Investment, Trade and Industry (Miti) announced on Monday. Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz acknowledged that the...
