New home sale restrictions may see developers repricing homes

PETALING JAYA (Jan 29): The revisions to Budget 2016 -- which include limiting the sale of new homes priced up to RM300,000 for first time buyers -- may see developers re-pricing properties launched last year to accommodate customers who bought properties before, said Malaysian Institute of Estate Agents’ (MIEA) president Erick Kho.

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New age media used to market properties illegally

KUALA LUMPUR (Jan 20): Illegal property brokers and marketing companies are turning to new age media such as websites and applications to encourage landlords to use their services instead of real estate agents, said  the Board of Valuers, Appraisers, and Estate Agents Malaysia (BOVAEA).

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UEMSET-Medini Iskandar to kick off township management services JV this year

KUALA LUMPUR (Jan 13): A new entity formed via a joint venture between UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET), and Township Management Services Sdn Bhd (TMS) — which is a wholly-owned subsidiary of Medini Iskandar Malaysia Sdn Bhd, will kick off its township management services this year, specifically for building owners and residents of Medini and Iskandar Puteri (formerly known as Nusajaya) townships in the Iskandar Malaysia region in Johor Bahru.

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UEM Edgenta ventures into township management

ABOUT three weeks ago, UEM Edgenta Bhd (formerly Faber Group Bhd) forked out RM128 million in cash and shares for an 80% stake in privately held KFM Holdings Sdn Bhd, a company largely known for being a facility management outfit.

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