HDB flat buyers would pay 3% more for a greener neighbourhood
SINGAPORE (April 25): The presence of green spaces can bring up the value of a public housing apartment, and on average, people would pay 3% more to live in a greener neighbourhood.
DAP MP wants answers on KL land sale
KUALA LUMPUR (April 25): DAP’s Lim Lip Eng (pictured) has claimed that of the 64 lots of land which Kuala Lumpur City Hall (DBKL) sold between 2014 and 2018, only 30 have been used for affordable housing, the Malaysiakini news portal reported today.
CMMT posts lower 1Q NPI on lower contribution from Klang Valley malls
KUALA LUMPUR (April 25): Capitaland Malaysia Mall Trust's (CMMT) net property income (NPI) fell 4.
REIT managers say SC's REIT guideline amendments will drive market's growth
KUALA LUMPUR (April 24): The liberalisation in the permissible list of activities provides alternative growth opportunities to Malaysian Real Estate Investment Trusts (M-REITs) in the areas of acquiring vacant land to undertake property development activities, acquisition of assets with provision of income support and investments through private leases, said the Malaysian REIT Managers Association (MRMA).
KWAP unit to serve as platform for property investment
KUALA LUMPUR (April 23): KWEST Sdn Bhd, the property arm of Retirement Fund Inc (KWAP), will serve as a platform for the fund to invest in local property development projects, Bernama reported.
Landscaping key to livability, but often neglected
KUALA LUMPUR (April 21): Landscape plays an important role in enhancing people's lives and wellbeing, but unfortunately it is also often neglected in real estate development, public space and urbanisation.
KL-Singapore HSR AssetCo tender extended from June to December
KUALA LUMPUR (April 19): The deadline for submission of bids for the Asset Company (AssetCo) tender for the Kuala Lumpur to Singapore High Speed Rail (KL-Singapore HSR) called by MyHSR Corp Sdn Bhd and SG HSR Pte Ltd, has been extended from June 29 to Dec 28, 2018.
Recreational land in Cheras allegedly reclassified for development
PETALING JAYA (April 17): Some five acres of recreational land in Taman Cantik, Cheras, have allegedly been converted into development land just a day before Parliament was dissolved on April 7, reported The Malay Mail Online.
S’pore seeks public feedback on short-term rentals
PETALING JAYA (April 16): Singapore (pictured) has begun seeking public feedback on allowing private rents to be rented on a short-term basis, similar to those on Airbnb, reported Reuters.
MCT to develop 1,400 serviced apartment units in Petaling district
KUALA LUMPUR (April 13): MCT Bhd plans to build some 1,400 serviced apartments on a 9.
