IGB REIT 3Q earnings, gross DPU within expectations
IGB Real Estate Investment Trust (Oct 24, RM1.
Special committee to have public consultations on IPCMC
KUALA LUMPUR (Oct 24): Parliament’s special select committee on the consideration of bills will have four public consultation sessions on the Independent Police Complaints and Misconduct Commission (IPCMC).
Lower property price threshold for foreigners: It could attract Singaporeans
KUALA LUMPUR (Oct 19): There could be “some positive reaction from Singaporeans” when the foreign property price threshold reduction from RM1 million to RM600,000 kicks in, a property expert told Free Malaysia Today (FMT).
RTS to proceed, but will take some time: PM
KUALA LUMPUR (Oct 17): Prime Minister Tun Dr Mahathir Mohamad confirms today that the government will proceed with the Johor Bahru-Singapore Rapid Transit System (RTS) project, but says “it will take some time”.
Axis REIT to buy property in Johor for RM65m cash
KUALA LUMPUR (Oct 15): Axis Real Estate Investment Trust (REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash, from Rancak Beta Sdn Bhd.
HBA: Do not neglect the hidden risks while encouraging homeownership
PETALING JAYA (Oct 11): The National House Buyers Association (HBA) has praised the government’s efforts in its proposed Budget 2020 to help homebuyers to own a property but at the same time urged the government to review certain measures that might pose hidden risks to the property market.
Johor-Singapore rail link to proceed, but details scarce
KUALA LUMPUR (Oct 11): The federal government plans to proceed with the Rapid Transit System (RTS) between Johor Bahru and Singapore to solve the long-standing traffic congestion on the Causeway.
DONE DEAL: Serviced apartment, D'Esplanade Residence, Taman Abad, Johor Bahru
Sold for: RM570,000 (about RM599psf) Concluded by: Usha A/P R Lachumanan (REN 17124) of Gather Properties Sdn Bhd (016-720 0135) When: August 2019 Noteworthy: ● Freehold ● 2 bedrooms and 2 bathrooms ● Built-up: 952 sq ft ● Fully furnished with fridge, sofa, cabinets, TV, mattresses, air-conditioners, water heaters Read also DONE DEAL: Courtyard apartment, Adora, Desa ParkCity, KL DONE DEAL: 3-storey terraced house, Halamanda @ Gombak, Selangor Sitting on top of KSL City Mall in Johor Bahru and surrounded by ample amenities, including eateries, supermarket and bank, D’Esplanade Residence is accessible via Tebrau Highway and Jalan Tun Abdul Razak.
Promised lands turn out to be scams in Johor
JOHOR BAHRU (Oct 1): Two men in their 60s lost thousands of ringgit to conmen who promised lands that did not exist here in two separate cases.
Water cuts plague Johor, Melaka folk
SIMPANG RENGGAM (Sept 30): Despite two days of rainfall in Simpang Renggam in Johor, water levels of Sungai Benut has failed to rise, causing fears of a water shortage to be realised.
