Paramount Corp’s 1Q nett profit down 58pc
Property developer Paramount Corporation Bhd saw its nett profit plunge 58.21 per cent to RM9.69 million in the first quarter ended March 31, 2016 (1QFY16), from RM23.19 million a year ago, due to dented sales in its property division. For the same reason, its revenue declined 31.22 per cent... Read more
Naim’s hotel set to open next year
Naim Holdings Bhd’s first international hotel within the Bintulu Paragon development is expected to open for business next year. According to the company, the construction work on the proposed 238-room hotel is progressing on track and its foray into the hospitality business is expected to add value to its... Read more
KLK scores with property talk
KLK Land Sdn Bhd, a subsidiary of Kuala Lumpur-Kepong Bhd, has seen a full house at a property talk held in its Mutiara Damansara sales gallery recently. The talk was graced by two well-known speakers – Adrian Un, chief executive officer of SkyBridge International and Faizul Ridzuan, chief executive... Read more
RAM maintains negative outlook for KL, Selangor
BY Roznah Abdul Jabbar RAM Ratings Services Bhd has maintained its negative outlook on the Malaysian residential property sector and the commercial (office and retail) sub-segments in Kuala Lumpur and Selangor this year. In its sector commentary report, the agency said consumer and business sentiment is expected to remain... Read more
MRT Corp to award RM10b contract
  Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) expects to award MRT Sungai Buloh-Serdang- Putrajaya (SSP) Line contracts worth RM10 billion within six months, CEO Datuk Seri Shahril Mokhtar said. Of the contracts, two civil works packages and two system packages cumulatively valued at between RM2.5 billion and... Read more
Family-centric space at  Bandar Seri Coalfields
  BY Pavither Sidhu    Among the most common issues faced by growing families in the Klang Valley these days is a dearth of options when it comes to seeking a home that offers adequate living space at a decent price – preferably below the RM1 million mark. This... Read more
Smart homes coming soon
  BY Pavither Sidhu    During our grandparents’ time, a swimming pool was considered a luxury only the super rich were privileged to enjoy. These days, it is usually the first-listed facility in any typical residential project. Looking forward, we wonder what extravagant features of today will become standard... Read more
A Schedule of Parcels and ‘SiFUS’
BY The National House Buyers Association The government has heeded the recommendations by the National House Buyers Association (HBA) to close the floodgate and resolve the issue of recalcitrant housing developers which deliberately fail, neglect or refuse to apply for strata titles and fail to effect subsequent transfer of... Read more
Bad eggs make lives hard
BY Prisca Teh    You may rant and rave over an unpalatable plate of chicken rice, but you won’t refuse to settle the bill, even if you left it unfinished. By simple code of ethics, no respectable person would dodge payment for any services rendered or products purchased. However, the... Read more
WCSC 2016 aims to increase public spaces
BY Pavither Sidhu The  annual International Conference on World Class Sustainable Cities (WCSC) has had an influential impact in shifting public perceptions to projects such as the Kuala Lumpur River of Life, the Curitiba experience in transforming the city’s buses and MRT, and pedestrianisation projects that include covered walkway... Read more