Daily Industry News Update (7 August 2021)

INDUSTRY NEWS (7 AUGUST 2021)

WZR Property sues Maldives gov’t for contract breach

HOME-GROWN construction and property developer WZR Property Sdn Bhd has submitted a legal suit against the government of Maldives for breaching the contract pertaining to the development of its Ministry of Finance building in the reclaimed island of Hulhumalè.

New demand shifts and values in the rental market

A mid the bewildering pandemic, job losses and a lower affordability level, the local rental demand has also shifted and witnessed a rising trend. CFG Group and iBilik CEO Ken Lee says in an email: “The demand for rooms versus whole units has increased in the market. The

BDB Land and Aman Setia enter agreement to develop 103.63 acres land in Kedah

BDB Land Sdn Bhd and Aman Setia Development Sdn Bhd had entered into a conditional joint venture agreement to work together as partners through BDB Setia Sdn Bhd to develop a parcel of land in Kedah. The land spans 103.63 acres and is held under GRN 32165 in the