News by Shawn Ng

There are wrong perceptions of Iskandar Malaysia, including oversupply, falling prices and that the economic corridor has failed.

As more office landlords fight over a shrinking pool of tenants, owners will have to reduce rents further to entice prospective occupants, said Savills Malaysia executive chairman Christopher Boyd.

Following the recent signing of the Memorandum of Understanding (MoU) on the Kuala Lumpur-Singapore high speed rail (KL-SG HSR) by both the Malaysian and Singaporean governments, MyHSR Corp Sdn Bhd (MyHSR) has selected CH2M as its technical advisor for the landmark cross-border project.  

Mah Sing Foundation, a charitable trust established by Mah Sing Group Bhd, has contributed RM42,000 to build a home for an orang asli family in Kampung Serendah via social enterprise EPIC Homes.

The high speed rail (HSR) linking Kuala Lumpur and Singapore provides more than speedy travel between the two countries. This game changer of a project will create an economic corridor that will impact significantly on Malaysians, said Iskandar Waterfront Holdings Bhd (IWH) executive vice-chairman Tan Sri Lim Kang Hoo.

The interchange will connect EcoMajestic’s West Gate to the Kajang-Seremban Expressway (LEKAS) and lead traffic straight into the township through the Eco Majestic toll plaza to avoid heavy traffic on Jalan Semenyih.

They include GSC, Village Grocer, Borders Books, Starbucks and Coffee Bean, the company said in a statement today.

Maybank’s base rate (BR) and base lending rate (BLR) will be reduced by 20 basis points to 3% per annum and 6.65% per annum, respectively.

Bank Negara Malaysia’s (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 3% is expected to have a positive impact on borrowers and the property sector, said property developers and mortgage firms.

Malaysia Airports Holdings Bhd (MAHB) has tied up with AREA Management Sdn Bhd (AREA), the project management company of AREA Industrial Development Fund 1 (AIDF 1), to develop a technology park with a gross development value (GDV) of RM436 million.