July 2022

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LBS Bina buys Bentong / Genting land plots for RM97.85m, plans RM9b mixed development 

LBS Bina Group Bhd has proposed to purchase two pieces of land in Bentong, Pahang for a total consideration of RM97.85 million. In a Bursa Malaysia filing on Friday (July 22), LBS Bina said its subsidiary Casa Inspirasi Sdn Bhd (CISB) signed the sale and purchase agreement with Pejabat Setiausaha Kerajaan Pahang on Friday. Both plots of land — measuring about 309.95 acres, held under leasehold...

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Kuala Lumpur: Infrastructure to be the catalyst

The 486-acre former Royal Malaysian Air Force base in Sungai Besi, which is just a 15-minute drive to the Kuala Lumpur city centre, is being redeveloped into Bandar Malaysia under a public-private partnership model. However, the process of selecting a master developer has not been a smooth one. The development agreement with the initial master developer — a consortium comprising Iskandar...

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Maybank IB: Interest rate hikes dampen property sector

Maybank Investment Bank (Maybank IB) is maintaining its "neutral" call on Malaysia’s property sector due to growing risks such as slower sales amid the rising interest rate environment and delays in new property launches, as well as rising raw material costs. It also expects buying sentiment on big-ticket items to be affected by political uncertainties ahead of the 15th general...

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