Public Bank lowers BR, BLR by 23 bps
Public Bank said the BR would be lowered to 3.52% while the BLR will be at 6.72%.
Public Bank said the BR would be lowered to 3.52% while the BLR will be at 6.72%.
Long-established Concorde Hotel Kuala Lumpur — which is linked to Sultan of Selangor Sultan Sharafuddin Idris Shah, entrepreneur Tan Sri Syed Yusof Syed Nasir and Singaporean tycoon Ong Beng Seng — may be torn down to make way for a multibillion-ringgit integrated project, documents show.
The Malaysian Institute of Architects (PAM) has launched its Architecture Exhibition in conjunction with the Kuala Lumpur Architecture Festival 2016 (KLAF 2016) and the soft launch of the new PAM centre at Jalan Tandok.
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.
Gamuda Land’s serviced apartment project Jadite Suites in Kajang has achieved a Construction Quality Assessment System (CONQUAS) score of 82.8 out of 100 under the residential high-rise building category.
The Ipoh City Council (MBI) is not proposing to raise car parking charges in the city unlike the move implemented by the Kuala Lumpur City Hall.
Universiti Utara Malaysia (UUM), through a subsidiary of Uniutama Management Holdings Sdn Bhd (UMHSB), is taking over several hotels in the Klang Valley and Penang.
The slowdown in the property sector has prolonged for over a year. Most analysts opine that the weak consumer sentiment and banks’ stringent lending policy will continue to pose earnings risk to property developers.
On July 1, China’s biggest state-owned developer, Greenland Group, and Amare Investment Management Group announced that they would be injecting an initial tranche of six hotels worth S$1.3 billion to S$1.5 billion into an investment vehicle, with an eye to setting up and listing a real estate investment trust (REIT) in Singapore.
The northern and southern regions were the more popular property investment hotspots in the country a few years ago. Are these two regions still attractive to investors in the current slow market condition?