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Guocoland (M) Bhd, the property arm of Hong Leong Group, wants to increase its landbank in Greater Kuala Lumpur in the next five years. A total of 500 acres with a gross development value (GDV) of RM6 billion is being planned for launch within the next three to five years. Future developments in the city…

Wong Engineering Corp Bhd’s subsidiary, WEC Construction Sdn Bhd, has secured an RM87.5 million contract to build two blocks of affordable housing apartments, together with related facilities at the Kuchai Lama Entrepreneurs Park from Havana Solaris Sdn Bhd. The 37 storey apartment blocks will comprise 556 residential units, 31 retail units and an eight storey…

Eastern & Oriental Bhd (E&O) and Japan’s largest developer, Mitsui Fudosan Co Ltd have successfully completed a joint venture project called The Mews Serviced Residences at Jalan Yap Kwan Seng. The Mews consists of 256 custom-designed residential units in 38 storey twin towers. (The Star, 01/11/2017)

Perbadanan PR1MA Malaysia has seen only 50 of the 197 applications for RM44.1 million loans for homes approved in the nine months since the step-up financing (SPEF) programme was launched in February 2017. PR1MA’s SPEF is a financing option for PR1MA home buyers who are eligible for a conventional loan. In order for them to…

Ivory Properties Group Bhd is planning to buy a 64 acre plot of commercial land in Sitiawan, Perak, for RM133.86 million, for property development purposes. Ivory Properties’ wholly owned subsidiary, Sunlink Properties Sdn Bhd, has signed a sale and purchase agreement with the land owner Remco Engineering & Construction Sdn Bhd. The vacant leasehold plot,…

Benalec Holdings Bhd’s subsidiaries, Sentosacove Development Sdn Bhd, Oceanview Realty Sdn Bhd and Strategic Cove Sdn Bhd have entered into a sale and purchase agreement with Titanium Hallmark Sdn Bhd to dispose of 53.5 acres of land in Pekan Klebang, Malacca for RM100.17 million. (The Sun, 01/11/2017)

MyHSR Corp has reached out to the majority of landowners, including UEM Sunrise Bhd, Tun Razak Exchange and Malaysian Vision Valley (MVV) developers, for possible High Speed Rail (HSR) stations and alignment on their land. The development of MVV will be led by Sime Darby Property, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) and Brunsfield Development Sdn…

Malaysia slipped to 24th position in 2017 compared with 23rd in 2016 in the World Bank Group’s ease of doing business ranking despite an improvement in its score. In the World Bank’s Doing Business Report 2018 (DB 2018), Malaysia’s Distance to Frontier (DTF) score improved by 0.96 to 78.43 in 2017 from 77.47 in 2016….

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