KUALA LUMPUR (Nov 16): Gamuda Land on Thursday announced the topping off for Maya Bay Residences in Gamuda Cove in Kuala Langat, Selangor. It is also the first high-rise residential project of the 1,530-acre township development. “We welcomed our first batch of residents into the township earlier this year with the vacant possession of our…
Read MoreKUALA LUMPUR (Nov 16): Apex Equity Holdings Bhd is disposing off the 11-storey Menara Apex in Kajang, together with the land, for RM55 million to Era Edu Sdn Bhd, which operates the New Era University College education arm. Taking into account related expenses and taxes, Apex Equity estimates net proceeds of RM49.95 million, with an…
Read MoreKUALA LUMPUR (Nov 15): The outlook for the property sector in Malaysia is expected to remain positive, according to MIDF Research, based on the current healthy loan applications, higher approved loans, and potential new infrastructure projects. In a client note on Wednesday, the research house said it was maintaining its “positive stance” on the sector…
Read MoreKUALA LUMPUR (Nov 15): A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023). Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir (pictured) stated that, according to the National Property Information Centre (Napic), this indicates a 5.3% decrease in total units and a 0.6%…
Read MoreKUALA LUMPUR (Nov 14): Kumpulan Perangsang Selangor Bhd (KPS), along with Menteri Besar Selangor (Inc) (MBI) and the Kuala Langat land administrator, have been sued by a trio over alleged fraud involving land in Kuala Langat. In a bourse filing on Tuesday, KPS said it had received a writ of summons and statement of claim…
Read MoreKUALA LUMPUR (Nov 15): Any future development to be implemented in the federal capital will depend on the outcome of a traffic impact assessment (TIA) being carried out, in an effort to address traffic congestion due to population growth. Deputy Minister in the Prime Minister’s Department (Legal and Institutional Reforms) Ramkarpal Singh said the TIA…
Read MoreBy Joseph Wong The stories of home buyers facing penalties due to the inefficiencies of government and state agencies or the unscrupulous actions of developers and their agents have become all too familiar. These tales circulate through news reports, viral social media posts, conversations with family and friends or even the whispers at coffee shops….
Read MoreKUALA LUMPUR (Nov 14): A large number of private vehicles and the lack of parking spaces at People’s Housing Projects (PPRs), low and medium-cost stratified residential buildings in the capital city continue to cause distress to residents and members of the public. Vehicles such as lorries, school buses, vans and cars parked haphazardly on the…
Read MoreKUALA LUMPUR (Nov 10): Real estate developer LBS Bina Group Bhd has secured a solar power capacity of 28.67 megawatts (MW) under the Corporate Green Power Programme (CGPP) — a renewable energy initiative by the government that allows corporate consumers to virtually purchase solar energy from solar developers. In a filing with Bursa Malaysia on…
Read MoreKUALA LUMPUR (Nov 14): Ipsos Malaysia is calling for a review of the 30% housing expense-to-income rule in assessing housing affordability, saying the current rule that deems a home unaffordable if households spend more than 30% of their income on it, is both “outdated and arbitrary”, which leads to suboptimal policies. The current rule is…
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