Sharp, essential news and analysis from Malaysia.
Resintech Bhd's subsidiary Johan Panglima (M) Sdn Bhd has obtained RM41 million in Commodity Murabahah financing from Alliance Islamic Bank to fund land redemption and construction of a mixed-use development featuring 158 hostel units and retail spaces in Selangor.
Selangor's affordable housing programme is largely on track, with only two projects delayed out of 169 total schemes. The state plans enhanced monitoring dashboards.
Parliamentary records show 303 private housing projects classified as 'sick' as of June, valued at RM40.25 billion. Of these, 100 have been abandoned, affecting nearly 15,000 buyers. Recovery efforts continue nationwide.
Oriental Interest Bhd is pursuing a RM280 million acquisition of Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings Sdn Bhd, marking a strategic expansion into new business segments expected to enhance long-term shareholder value.
Melaka's Chief Minister Datuk Seri Ab Rauf Yusoh is pushing for lifts to become mandatory in new shoplots and residential buildings exceeding two storeys, citing accessibility concerns and unsold inventory in the state.
CHGP is acquiring a strategically positioned freehold parcel in Kuala Lumpur's prestigious KLCC precinct for RM455 million, bolstering its property portfolio with significant long-term development prospects.