THE Ministry of Urban Well-being, Housing and Local Government is studying the possibility of increasing the real property gains tax (RPGT) to stabilise the prices of houses in the country.The current RPGT is not effective in stabilising house prices and may need to be increased to curb unhealthy speculation, minister Datuk Abdul Rahman Dahlan told reporters after launching the 16th Malaysia Ho

THEY say necessity is the mother of invention and this cannot be truer than for Kueen Lai Group of Companies managing director Datuk Eng Soo Min.The third among nine siblings, the Kajang boy recalls a hard childhood. "I had to walk 8km to school and I would have only 10 sen a day, enough for a drink or food, but not both." Eng stopped school after Form 2 and soon found work as a mechanic.

KUALA LUMPUR: The just completed Marvelane Square, which is the latest retail office cum shop office development in Klang, has secured 50% tenancy. Marvelane Square is developer Marvelane Sdn Bhd’s maiden project.

KU Hwa Seng, executive chairman of KSL Holdings Bhd, is a man who gets straight to the point. When asked about the company's strategy to grow the KSL brand, he says it will leverage on the group's track record of almost 30 years and continue to build in good locations.

KUALA LUMPUR: The people behind emerging property group EcoWorld Development Sdn Bhd will be making a takeover of Johor-based listed developer Focal Aims Holdings Bhd.

Sources say Maple Quay Sdn Bhd, which has a 50% stake in EcoWorld, will make a conditional offer to buy 50% of Focal Aims from its major shareholders.

KUALA LUMPUR: While many were guessing what would be the next asset that Tropicana Corp Bhd would hive off, the company sprang a surprise on the investing fraternity when it announced the purchase of 18 tracts of land measuring 103.82ha in Pulai, Johor, for RM366.5 million cash.

PETALING JAYA: Kha Seng Group (KSG) showcased over 138,000 sq ft of event space in Kuala Lumpur, at its KL Alive event recently. The event was held at its newly-opened 302-room boutique business hotel Vivatel Kuala Lumpur, in Jalan Loke Yew. “Kuala Lumpur is a city that is constantly buzzing with activities and commerce.

KUALA LUMPUR: UK developer Berkley Group today launches The Tower, a mixed-use project that is poised to be Croydon’s tallest building.The Tower is a 43-storey building with 414 apartment units and penthouses and 17,369 sq ft of retail space located in Saffron Square.Saffron Square is part of a multi-million pound regeneration of the area, that includes the development of 756 new homes in the t

LONDON: Ten cities from around the world were recognised for their innovative approaches in tackling climate change at the City Climate Leadership Awards ceremony in London recently.The inaugural award was organised by Siemens and the C40 Cities Climate Leadership Group (C40).

JOHOR BARU: 1Segamat Mall, the first lifestyle shopping mall in Segamat, is expected to draw a crowd of 45,000 per month. The mall opened its doors on Aug 25.Located in Jalan Kolam Air in Segamat, Johor, 1Segamat Mall is developed and managed by Tashima Development Sdn Bhd — a wholly-owned subsidiary of Ecofirst Consolidated Bhd.