En-bloc sale — grievances behind ‘successful’ Singapore stories
The proposal of the Urban Redevelopment Act (URA) has been reported to be going ahead despite a host of dissenting voices.
Editor's Pick
BNM keeps OPR at 3% as widely expected
Malaysia’s central bank on Thursday kept the benchmark interest rate unchanged as widely expected, amid resilient economic growth and manageable inflation.
DONE DEAL: Condo, Verticas Residensi, Bukit Bintang, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 1,500 sq ft
- 3 bedrooms, 3 bathrooms
- Floor location: Low
- Fully furnished
- Nearby amenities: TERKL, KLCC Park, Pavilion Bukit Bintang, Jalan Alor Food Street, Plaza Low Yat, Tung Shin Hospital, Raja Chulan monorail station, MRT Bukit Bintang, Dataran Merdeka, Central Market, schools
- Accessibility: Jalan Raja Chulan, Jalan Pudu, Jalan Imbi, Jalan Sultan Ismail, MEX, Sungai Besi Expressway, AKLEH
When: May 2024
Amendments to Housing Development Act to be tabled next year, says Nga
The amendments to the Housing Development (Control and Licencing) Act 1966 (Act 118) to enforce stricter measures against developers involved in fraud and abandoned projects are expected to be presented in Parliament next year.
DONE DEAL: Bungalow, Enclave Bangsar, Bukit Bandaraya, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 8,000 sq ft
- Land size: 8,000 sq ft
- 6 bedrooms, 8 bathrooms
- Semi-furnished
- Nearby amenities: MRT Pusat Bandar Damansara, Bangsar LRT station, Bangsar Shopping Center, Bangsar Village I & II, and various F&B outlets
- Accessibility: SPRINT - Damansara Link and Kerinchi Link, Jalan Maarof, Jalan Tuanku Abdul Halim
When: December 2023
15 letters of acceptance for Sabah Pan Borneo Highway Phase 1B contractors expected by 3Q2024
The state works minister said the government is committed to ensuring that this project is implemented according to the initial plan, which involves appointing contractors for all remaining 19 work packages this year.
COA overturns High Court decision that required CTOS to pay damages to businesswoman
A three-member bench, led by judge Datuk Lee Swee Seng, in allowing CDS’ appeal, ruled that there was no defamation, no negligence, and no breach of statutory duty by the credit-rating agency.
Nga sees 534 potential areas in Peninsular Malaysia for urban redevelopment
The Ministry of Housing and Local Government has identified 534 potential areas in Peninsular Malaysia for urban redevelopment, with an estimated gross development value of RM355.3 billion.
Tropicana unveils plans of two mega townships worth over RM30b in Johor
Tropicana Corporation Bhd is set to capitalise on its 2,000-acre land bank after it unveiled its plans to develop two mega townships in Johor with a combined gross development value (GDV) exceeding RM30 billion.
MRT Corp's accumulated losses hit RM57.6b while MRT1, MRT2 fail to meet ridership, frequency targets — AG's Report
The Mass Rapid Transit Line 1 (MRT1) and MRT2 have failed to meet their targets for daily ridership. They also failed to meet the targeted numbers of trains in operation, and peak-hour frequency, according to the 2024 Auditor General's Report.
