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November 2022

CTOS And iBilik Sign MOU To Enhance Property Rental Market

CTOS Data Systems Sdn Bhd, the wholly owned subsidiary of CTOS Digital Bhd, has signed a memorandum of understanding (MoU) with iBilik.com (iBilik), an online accommodation provider for room rentals and homestays. The deal will ease the vetting process for legitimate landlords and tenants by integrating several CTOS products into the iBilik platform such as CTOS eKYC digital onboarding solution, CTOS...

NCT refunds buyers of abandoned project The Genting Valley

Property developer NCT Noble Sdn Bhd handed over the first instalment of refunds to purchasers of Phase 2 and 3 of the abandoned project called The Genting Valley Batang Kali, recently. The cheque handover ceremony, held by NCT and Scheme Manager, CRS Corporate Services Sdn Bhd (CRS), marks a significant day for the purchasers of the previously abandoned project as they received the first instalment...

Desa ParkCity’s South Brooks takes Value Creation Excellence Award

South Brooks at Desa ParkCity has been picked the winner in the residential category of The Edge Malaysia-PEPS Value Creation Excellence Award this year. Part of The Edge Malaysia’s Property Excellence Awards 2022, the award recognises the property project in Malaysia with market value that has appreciated the most during the period judged. “South Brooks’ win is made more significant as its...

PropNex Malaysia aspires to build a legacy in the real estate business – Kelvin Fong

KUALA LUMPUR (Nov 9): It may be one of the largest home-grown real estate agencies in Malaysia and Singapore, but rather than striving to merely be number one, PropNex Realty Sdn Bhd aspires to build a legacy in the real estate business. According to PropNex Malaysia CEO Marcus Teng, the company aims to nurture an organisation with agents who see the real estate business as a long-term career and not...

Pavilion Genting Highlands to launch in 2023

Pavilion Genting Highland present an urban sanctuary that offers unique holistic experiences. Inspired by the lush environment is coming to the Entertainment City. It will become a new Global destination covering over an area of more than 280 acres of forested hilltop land comprising mixed-use components including a Global Retail Village and high rise condominiums and many more to serve...

LBS Recognised As Top 10 Property Developer 

LBS Bina Group Bhd (LBS) is pleased to announce that the group is a Top 10 winner at the Malaysia Developers Awards (MDA) 2022 Top-of-the-Chart (market cap under RM1bil) category.  The award was presented by Ministry of Housing and Local Government Secretary-General Datuk M Noor Azman Taib to the group’s executive chairman Tan Sri Lim Hock San at the awards ceremony held at the Sunway...

Pavilion REIT’s 3Q NPI jumps 90% on higher revenue, lower property operating expenses

Pavilion Real Estate Investment Trust, which is still in the midst of discussion to buy Pavilion Bukit Jalil mall from Malton Bhd, posted a higher net property income (NPI) of RM90.22 million in the third quarter ended Sept 30, 2022 (3QFY22). This is 90% higher than the RM47.47 million NPI recorded in 3QFY21, thanks to increased revenue as well as lower property operating expenses. Earnings per...

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