News about AME

PETALING JAYA (May 17): Property prices are expected to drop following the goods and services tax (GST) rate reduction to zero from 6% prior, said the Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri FD Iskandar.

KUALA LUMPUR (May 14): Enra Group Bhd has disposed of its 70% stake in property development firm Landmark Zone Sdn Bhd (LZSB) for RM5.

Mention the industrial property sector and the image conjured in the minds of most people is no doubt one of grimy and gritty factories and warehouses set in the outskirts of towns.

PETALING JAYA (May 7): Three developers who have demonstrated a commitment to the sustainability of their properties were honoured at EdgeProp Malaysia’s Best Managed Property Awards 2018 tonight.

KUALA LUMPUR (April 30): Tycoon Tan Sri Quek Leng Chan has stepped down as chairman of GuocoLand (Malaysia) Bhd effective immediately, amid an internal rationalisation and streamlining exercise.

KUALA LUMPUR (April 5): About 43% of Malaysian ultra-high-net-worth individuals (UHNWIs) plan to invest in properties abroad — higher than the global average of 34% — in the next few years, said property consultancy firm Knight Frank.

KUALA LUMPUR (April 4): The Dewan Rakyat yesterday passed the Limitation (Amendment) Bill 2018, which extends the time limit of up to three years to house buyers to lodge a complaint over latent defects in their properties, Bernama reported.

IPOH (March 26): A row of shoplots in Sungai Burung, Cameron Highlands was destroyed in a fire last night, reported Bernama.

PETALING JAYA (March 19): Co-working space operator CO3 Social Office Sdn Bhd (CO3) is collaborating with master planner and developer Medini Iskandar Malaysia Sdn Bhd (MIM) to build C03 Campus @ Medini 9, a 200,000 sq ft co-working space in Medini City that can accommodate up to 4,000 members.

PETALING JAYA (March 12): Former Federal Land Development Authority (Felda) chairman Tan Sri Isa Samad and an unnamed general manager at the agency were the two individuals who signed the Power of Attorney (PA) for Felda’s land at Jalan Semarak in Kuala Lumpur, Parliament was told today.