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ASEAN+

Dateline Lion City: News briefs from Singaporee

Dateline Lion City: News briefs from Singaporee including that a government committee has rapped the knuckles of several ministries and statutory boards for irregularities in their financial statements, including overpayments, delays in making refunds and irregular tendering practices.

Business

MK Land repositioning itself

IN A builders environment today where it seems hip to be viewed as an up-market high-end developer, it has been interesting to watch MK Land Holdings Bhd flaunt its focus on building affordable houses. And it has made some steady profits from it as well, having emerged a strong player in the country's property scene and one of the largest capitalised property companies too.

Business

US consumers moan, but still buying homes

B>NEW YORK/B>: US consumers felt their gloomiest in almost a decade in February, unstrung by talk of war and a grim job market, but that did not stop them buying homes at a record pace.

Business

House buyers given more protection under amended act

THE newly amended Housing Deve-lopment Act (HDA) has tightened regulations for property developers and would be good for house purchasers as they are now much better protected, according to MK Land Holdings Bhd executive director Datuk P. Kasi.

Business

New Gamuda home scheme to hit RM150m sales

GAMUDA Land, the developer of Bandar Botanic, an integrated township 6km outside Klang, Selangor, expects to hit RM150mil in sales with its BBHOMES scheme.

Business

Property sector asks for grants, waivers

WITH the property sector expected to benefit from the government#039;s stimulus package to be announced by the Prime Minister today, players in the sector are proposing measures that range from grants to first-time house buyers to a stamp duty waiver for purchasers of residential property.

Business

US mortgage finance giant under federal probe

Federal prosecutors have launched a criminal probe into Freddie Mac just days after the No. 2 US mortgage finance company cleared out its senior management over accounting irregularities.

Business

SunCity develops last precinct of township

A 163.05-acre lake-front parcel, the last undeveloped precinct in the south of Bandar Sunway, will be developed into a high-end exclusive residential development with limited commercial components.

Business

Guthrie poised to be class property player

GUTHRIE Property Development Holding Sdn Bhd will be well-placed to enhance its position as a leading property player when it becomes a listed entity after a proposed rationalisation.

Business

Rehda: Extend scope of property incentives

THE property sector is hoping that the government will extend its incentives, especially the stamp duty waiver, to a wider range of properties in Budget 2004.