The Selangor government has received input from Real Estate and Housing Developers Association Malaysia (Rehda) to help overcome challenges faced by developers in providing affordable homes.

Malaysia’s cost of borrowing increased for the fourth time this year as Bank Negara Malaysia (BNM) hiked the Overnight Rate Policy (OPR) by another 25 basis points to 2.75% at the sixth and final Monetary Policy Meeting (MPC) for 2022.

IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) for the third quarter rose 80.95% to RM101.19 million from RM55.92 million a year earlier, mainly due to lower rental support to tenants arising from the economic reopening and improved retail sales of tenants.

Ireka Corp Bhd said it will jointly develop houses on a piece of land in Seberang Perai Tengah with Wakaf Pulau Pinang Sdn Bhd (WPPSB), a corporate representative of the Penang State Islamic Religious Council (MAINPP).

Mitraland Group founder and chief executive officer Chuah Theong Yee has emerged as a new substantial shareholder of Eonmetall Group Bhd.

The Selangor state government has established a Low-cost Apartment Insurance Scheme to help management bodies that cannot afford conventional coverage for their residential buildings.

Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75% on Thursday (Nov 3).

REKA Conference 2022 by the Malaysian Institute of Interior Designers (MIID), which was held on Saturday (Oct 29), introduced aspiring and young designers who spoke on design ideas in the post-pandemic era.

Noteworthy:

• Leasehold
• Land size: 12,341 sq ft
• Nearby amenities: Convenience stores, schools, University Malaya Medical Centre, Amcorp Mall, Jaya Shopping Centre, KL Gateway Mall, LRT Asia Jaya, LRT Taman Jaya, LRT Universiti
• Accessibility: NPE highway, KESAS highway, Federal highway

When: July 2022

Malaysians are planning overseas trips “with renewed enthusiasm” on Airbnb as more countries fully welcome international visitors.