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A place one would love to call home
Nestled among mature neighbourhoods in the heart of Kuala Lumpur lies Malaysia’s pioneer masterplanned township Desa ParkCity, an address one would love to call home.
Good response for Sime Darby Property's Lumira 2 linked homes
PETALING JAYA (Aug 13): Sime Darby Property’s latest project, Lumira 2, in Bandar Bukit Raja, Klang, has received good response from buyers, with 70% of the units being taken up.
Property developer Aspen teams up with Chua Ma Yu for rubber glove venture
KUALA LUMPUR (Aug 13): Singapore-listed property company Aspen (Group) Holdings Ltd has announced it will be teaming up with CMY Capital Sdn Bhd, an investment holding company founded by prominent businessman Tan Sri Chua Ma Yu, and another investor to diversify into the manufacture and distribution of rubber gloves.
Ambrin: Instructions to amend 1MDB audit report came from Ali Hamsa
KUALA LUMPUR (Aug 13): Former auditor-general Tan Sri Ambrin Buang (pictured) testified today that the directives to amend parts of the National Audit Department (NAD) audit report of 1Malaysia Development Bhd (1MDB) for the year 2014, came from then chief secretary of the government Tan Sri Ali Hamsa.
No need for vacancy tax on unsold luxury high-rise homes in Klang Valley for now, says deputy FT minister
KUALA LUMPUR (Aug 13): There is no need to impose vacancy tax on unsold units of luxury high-rise residences in the Klang Valley as the number remains low, said Deputy Federal Territories Minister Datuk Seri Dr Edmund Santhara Kumar.
Analysts stay neutral on M-REITs after gearing limit temporarily raised to 60%
KUALA LUMPUR (Aug 13): Analysts have maintained their "neutral" rating of Malaysian real estate investment trusts (M-REITs) following news that the Securities Commission Malaysia (SC) will temporarily increase the gearing limit for M-REITs from 50% to 60%.
Illegal activities: Action to be taken against landlords of buildings, say cops
PETALING JAYA (Aug 13): Bukit Aman CID director Comm Datuk Huzir Mohamed warned that stern action will be taken against illegal gambling syndicates and also the owners of premises who lease out their properties or buildings for illegal activities, reported The Star.
Malaysian retail REITs to see light at end of tunnel
KUALA LUMPUR (Aug 12): A gradual recovery is underway in the retail industry, which is signalling Malaysian real estate investment trusts (REITs) in the retail space are set to see light at the end of the tunnel after the pandemic-induced slump.
Ambrin: Exit conference can only be chaired by auditor-general
KUALA LUMPUR (Aug 12): The fateful Feb 24, 2016 meeting — which led to the alleged tampering of the 1Malaysia Development Bhd (1MDB) audit report — could not be considered as an exit conference meeting because an exit conference can only be chaired by the auditor-general, the High Court heard today.
