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Resintech Bhd's 55%-owned subsidiary Johan Panglima has obtained RM41 million in Islamic financing from Alliance Islamic Bank to acquire land and construct a hostel and retail complex in Selangor comprising 158 units, retail shops and facilities.
Selangor's housing committee chairman reports minimal delays in the Rumah Selangorku affordable housing programme, with only two schemes affected out of over 167 completed projects delivering more than 52,000 units to buyers.
Selangor Menteri Besar Datuk Seri Amirudin Shari has instructed local authorities to intensify enforcement operations against unauthorised residential settlements in Setia Alam, addressing mounting problems within the district.
Melaka Chief Minister Datuk Seri Ab Rauf Yusoh has urged developers to install lifts in multi-storey shoplots and residential properties, signalling a potential policy shift to boost accessibility and property marketability.
Several Malaysian-listed companies announced significant developments this week, including Berjaya Property's RM58 million investment in a major port and logistics venture, Cropmate's resolution of regulatory matters, and Liftech's aerospace contract win.
CHGP has announced the acquisition of a freehold development site in the KLCC area for RM455 million, funded through cash and share issuances. The prime location offers significant expansion potential for the group's property portfolio.
Kuala Lumpur City Hall has pushed back the submission deadline for proposed changes to the Kuala Lumpur Local Plan 2040 to August 7, allowing property owners and developers additional time to prepare comprehensive amendment applications.