News about AG

  KUALA LUMPUR (April 9): Federal Land Development Authority (Felda) director general Datuk Dr Othman Omar had yesterday evening lodged a police report at the police commercial crime unit here, claiming that it was cheated into entering into a "one-sided" deal for the sale and purchase of Eagle High Plantations TBK (EHP), owned by the Rajawali Group, two years ago.

  KUALA LUMPUR (April 8): Pavilion Real Estate Investment Trust (REIT) has opted not to participate in the ownership of the under-construction Pavilion Bukit Jalil mall to avoid unwanted risks, but believes the asset will be worth reconsidering upon its completion, said its manager.

GEORGE TOWN (April 5): Penang is serious in putting a stop to the reselling of its low-cost (LC) and low medium-cost (LMC) houses in the open market, and is in the midst of drafting new laws to that effect.

  KUALA LUMPUR (April 4): Malaysia will need an integrated property database that could serve as a launch pad for future policy direction and actions by both the government and private sector players.

KUALA LUMPUR (April 3): The Malaysian mortgage market could benefit from the use of big data for a more comprehensive view of the overall property sector, according to property data firm Urbanmetry Sdn Bhd.

KUALA LUMPUR (April 2): Cagamas Bhd has inked a memorandum of understanding (MoU) with Korea Housing Finance Corp (KHFC) to explore housing financing methods to further promote homeownership in Malaysia and Korea.

PENANG (April 1): Penang exco Jagdeep Singh Deo said he has the figures to show that price hikes in normal housing, due to developers having to comply with affordable housing units, are not more than 5%.

KUALA LUMPUR (March 29): Cheap available foreign labour is the big stumbling block that has hindered the growth of the country’s productivity and wages.

The most common problem faced by strata managements is owners who stubbornly refuse to pay up their maintenance fees.

  PETALING JAYA (March 28): The Malaysian Institute of Estate Agents (MIEA) wants the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and the Ministry of Finance to take action against those who are circumventing the law by carrying out real estate practices illegally through property technology (proptech).