Urban Renewal Act: 30-year threshold on building age too low, says expert
With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.
Editor's Pick
3 plots of industrial land in Melaka sold in one deal | DONE DEAL
Noteworthy:
- Freehold
- Land size: 348,480 sq ft
- Nearby amenities: various small businesses, F&B outlets, and residential areas, Hang Jebat Stadium, Lotus @ Melaka Cheng
- Accessibility: Lebuh AMJ, Lebuh SPA
When: December 2024
Daughter of Public Bank founder buys Tanglin Hill bungalow for a record S$93.9m
Diona Teh Li Shian, daughter of Public Bank Bhd founder, the late Tan Sri Teh Hong Piow, has purchased a Good Class Bungalow (GCB) in Singapore’s Tanglin Hill neighbourhood, for a record-breaking price of S$93.9 million (RM311 million) or S$6,197 psf, according to Bloomberg News.
Mont’Kiara SOVO unit with rental yield above 5% sold | DONE DEAL
Noteworthy:
- Freehold
- Built-up size: 1,028 sq ft
- Semi-furnished
- 1 bathroom
- Nearby amenities: Sunway 163, 1 Mont’Kiara, Garden International School, Mont’Kiara International School, Kuala Lumpur Golf & Country Club
- Accessibility: SPRINT Penchala and Kerinchi Links, Jalan Duta-Sungai Buloh Highway, NKVE, North-South Expressway, Jalan Duta Kiara
When: December 2024
No plans to impose congestion charge for now — Loke
He noted the ministry’s views to focus on improving the quality of public transport first.
Zaliha: 48 abandoned premises, buildings identified in latest DBKL records
Based on the latest records from DBKL, 25 of them were residential buildings, while the remaining 23 were commercial buildings.
Elevated office vacancy rates persist as supply outpaces demand, BNM says
Total office space stock in the Klang Valley expanded further to 121.7 million sq ft in the fourth quarter of 2024 (4Q2024), up from 121 million sq ft as at the end of 2Q2024.
Housing loan growth slowed in 2024, impairment ratio remained low, says BNM
Housing loan growth in Malaysia slowed year-on-year (y-o-y) to 6.9% in 2024, with owner-occupiers making up the bulk of growth, according to Bank Negara Malaysia (BNM).
Nga tells the people to reject divisive voices that threaten multiracial unity
Malaysians must reject divisive voices that threaten the harmony of the country's multiracial society, said Housing and Local Government Minister Nga Kor Ming.
HexTech launches MoneyX Biz to help SMEs grow more efficiently
Hextar Technologies Solutions Bhd (HexTech) seeks to democratise business services and financial management with the launch of MoneyX Biz, a web-based digital platform which will focus on business-to-business (B2B) services.
