News about ER

KUALA LUMPUR (Oct 1): Penang’s ambitions to build its Pan Island Link (PIL1) highway could make the state’s planned Light Rail Transit system redundant, a Universiti Sains Malaysia academic told the Malay Mail today.

GEORGE TOWN (October 1): At the public dialogue to discuss the Penang Transport Master Plan (PTMP) yesterday, Penang Forum suggested the state consider an Autonomous Rail Rapid Transit (ART) system.

KUALA LUMPUR (Oct 1): In response to former prime minister Datuk Seri Najib Razak's comment on housing prices, Finance Minister Lim Guan Eng said it is tough to influence the price of land, which is why the government had opted to reduce the cost of construction instead.

KUALA LUMPUR (Oct 1): Metro Kajang Bhd managing director Tan Sri Eddy Chen (pictured) has been appointed as the new chairman of Perbadanan PR1MA Malaysia, the Prime Minister's Office announced today.

KUALA LUMPUR (October 1): Shareholders of Sapura Energy Bhd may have to have strong hearts to handle surprises, both positive and negative.

KUALA LUMPUR (October 1): Property developers acknowledge that unbilled sales are on the decline but say the situation is not so bad and they are still able to record decent earnings.

KUALA LUMPUR (October 1): The fact that most property developers’ unbilled sales — sales which are already locked in but not yet captured in the books — have been declining does not seem to come as a surprise to many analysts given the lack of catalysts moving the property sector.

PETALING JAYA: Remember the blooming of the “Tan Hua” party scene in the Hollywood blockbuster Crazy Rich Asians? The “Tan Hua” in the movie looked real but the flower that blooms only once a year is certainly not something you can get from anywhere, hence the plants in the movie had to be handmade from scratch.

  PETALING JAYA (Sept 29): Property investors should consider diversifying their portfolio into alternative assets such industrial properties, offices and shops, rather than concentrating all their investments in a single type of property, according Axis REIT Managers Bhd head of investment Siva Shanker.

PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.