MIEA appoints Soma Sundram as CEO
PETALING JAYA (Sept 7): The Malaysian Institute of Estate Agents (MIEA) has appointed Soma Sundram Krisnaswamy as its CEO.
Sept 10 is public holiday for all states except Kedah, Kelantan, Johor and Terengganu
KUALA LUMPUR (Sept 6): Next Monday, Sept 10, is a public holiday for all states, except Kedah, Kelantan, Johor and Terengganu, the Human Resources Ministry said today.
Building Act to be amended to allow slope monitoring, landslide prevention actions
PETALING JAYA (Sept 6): Putrajaya will table an amendment to the Street Building Drainage Act 1974 which will allow local governments to carry out safety inspections on slopes within their jurisdiction, including those on private properties, said Deputy Prime Minister Datuk Seri Wan Azizah Wan Ismail.
Individual owners of Menara UOA Bangsar warn of possible opacity in management of UOA Reit properties
PETALING JAYA (Sept 6): Menara UOA Bangsar interim MC President Datuk Satharuban Sivasubramaniam has urged the management committees of other mixed developments owned by UOA Real Estate Investment Trust (UOA Reit) to take heed of the Menara UOA Bangsar case as he believes the fund has similar practices in managing its other properties as well.
Setapak Central Mall being sold to a Singapore company, says report
KUALA LUMPUR (Sept 4): AsiaMalls Sdn Bhd may be concluding the sale of Setapak Central Mall (pictured) with global Singapore-based integrated real estate fund manager ARA Asset Management Ltd, said a report by The Star.
Batu Caves rainbow staircase leads to trouble
The viral sensation around the multi-hued staircase at iconic Batu Caves may have put the temple committee in hot water, as the multimillion ringgit painting and renovation works were not sanctioned by the National Heritage Department (JWN), reports The Star.
Housing bubble or housing cycle?
Malaysian house prices are in continuous upward trend since 1990.
Sime Darby Prop eyes up to 10% recurring income contribution
KUALA LUMPUR (Aug 29): Sime Darby Property Bhd (SDP) is targeting its recurring income segment to contribute up to 10% from its profit before interest and tax (PBIT) by 2022 or 2023 as part of the group’s strategic pillars to grow the recurring income, according to group chief financial officer Datuk Tong Poh Keow.
Sabah gears for water shortage
PETALING JAYA (Aug 27): Sabah is preparing for a water shortage as the current heatwave is expected to last until December, reported The Malaysian Insight.
