“With more supply due to come online over the next 12 months, rental growth could be limited.”

For the long-term, he said the government had approved an allocation under the 11th Malaysia Plan to address the problem  at several critical locations on the west coast of  the peninsula namely in Selangor, Perak, Penang  Kedah, Johor, Negeri Sembilan, Melaka and Perlis.

Ong said the BRI will open up more opportunities for investors, especially from Malaysia.

The app was created so that a monthly pass could be purchased without residents having to go to a counter. 

L&G managing director Low Gay Teck said these projects are Aria Rimba at U10, Shah Alam, a serviced apartment project at The Mines Resort in Seri Kembangan and a high-rise residential development in Sri Damansara Club.

“Mahathir represents the sentiments in the country that firstly we cannot continue with these mammoth projects at a time when the economy is struggling.”

CGPV also said its project marketing efforts are starting to venture into different regions, namely Hong Kong, Macau, Taiwan, Singapore, Indonesia, Thailand, Laos, Myanmar, the Philippines, Dubai, and Japan.

Yesterday, local papers reported that Daim would meet the MACC following investigation by his team found that at least transactions on 91 land lots in the federal capital which were doubtful, including transaction on the land involving the Bandar Malaysia project.

"In Kuala Lumpur, he (the former minister) had given away 91 parcels of lands. We (government) have completed investigations (into the transactions) and had sent (findings) to the MACC.”

'The whole world will come to see.'