Property

The building industry watchdog will pursue the cancellation of Modco Residential's builders' registration following liquidators being appointed to wind up the failed building business.

The property developer posted a $31.6 million profit for FY23, down from $37.4 million last year, but is seeing promising signs of growth into the next financial year.

Mining heiress Angela Bennett's private company AMB Holdings is eyeing an expansion, proposing to build a $20 million office and apartment development in Swanbourne.

The property developer is set to develop a residential estate on 491 hectares in the area.

The mining giant is believed to be planning to exit its East Perth headquarters to move to a St Georges Terrace building.

A nine-storey apartment block a stone's throw from Subi Strand has been endorsed again after the developer initially failed to get a time extension for a lapsed approval.

Scope Property Group has bought an Australian Marine Complex site for $4.35 million.

The property fund says its agricultural assets and credit arm have helped the company grow its assets under management to $21 billion.

Failed building business Modco Residential's glamorous co-founder Cynthia Lu is claiming she is owed $2.5 million from the collapsed residential building company.

Perth architect Barry Baltinas has added another Cottesloe project to his portfolio, a seven-storey development next door to another one of his Marine Parade build.

The state government's Building and Energy department has released its findings from an investigation over pipe leaks across Perth homes, with the results welcomed by builder BGC.

Embattled builder Modco Residential could allegedly owe about $5 million to up to 50 creditors as its co-founder spruiks interest in reviving the collapsed residential building business.

The property fund's WA assets account for $18 million of the reduction in book value.

A development panel has approved a $25 million seven-storey apartment proposal to be built in Jolimont despite safety concerns from the local council.

A collapsed father and son building company has been hit with a $25,000 fine for carrying out unauthorised work and demanding premature payments for work on four Perth properties.

A planning policy over residential property in some western suburbs has led to multiple tribunal disputes.

The office of a company chosen to build workers accommodation in country WA has been shuttered and staff gone to ground amid concerns over its ability to deliver on the project.

UEM Sunrise has bought a development site in Subi East for $22.2 million, with a view to building two apartment towers.

The main players pin hopes on pent-up demand for new stock, as interest rates stabilise and buyers begin to accept higher prices.

Construction company EMCO Building has won $23 million worth of work on the state government's major Perth Cultural Centre redevelopment project, now tipped to be completed in 2025.

Sirona Urban is proposing to expand its Fremantle footprint with a $100 million development plan on the site previously earmarked for a DoubleTree by Hilton hotel.

The six-building complex is planned for the site of the former City Motors car dealership.

SRG Global will add another Elizabeth Quay project to its portfolio after being awarded a $25 million contract for work on Multiplex's Nine The Esplanade project.

The building industry watchdog is calling on homeowners affected by the collapse of Perth builder Western Luxury Homes to contact their insurance provider.

Lendlease Group has recorded a growth in its funds under management to nearly $50 billion but has reported a loss of $232 million in the 2022-23 financial year.

Virtually unknown in WA a decade ago, the family office has become an established niche.

A development assessment panel has approved a six-storey public ward and a two-storey theatre expansion at Joondalup Health Campus, estimated to cost $67.2 million.

The state's peak planning body has approved a contentious $75.7 million apartment development in Mosman Park, dubbed Mos Lane, after a three-hour meeting.

Wembley-based boutique residential builder Royal Construction and Design has appointed a liquidator from SV Partners to wind up the company.

A catch in migration numbers since borders reopened after COVID-19 shouldn't be used as a scapegoat for Australia's failure to build enough homes, a key business group has warned.

The state government has flagged a reversal of recently announced medium density planning reforms, with many single dwellings to be excluded and other changes to be deferred.

Industry experts are calling for an overhaul of construction contracting to attract more builders, as rumours of more tier one builders entering the market gain momentum.