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.
Malaysia, Singapore extend RTS Link decision deadline to Oct 31
KUALA LUMPUR (Sept 29): Decision on the Johor-Bahru-Singapore Rapid Transit System Link (RTS Link) has been deferred by another month to Oct 31, Malaysia’s Ministry of Transport says today.
Johor: About 100,000 residents to be impacted by water cut on Oct 8
JOHOR BAHRU (Sept 29): About 100,000 people in Johor who get water from the Lebam Dam in Kota Tinggi will have to go through scheduled water rationing from Oct 8.
1MDB forfeiture: MACC wants to amend notice against BN Johor
KUALA LUMPUR (Sept 27): The Malaysian Anti-Corruption Commission (MACC) wants to amend its forfeiture notice against Barisan Nasional (BN) Johor to include its office bearers in the legal action to recover 1Malaysia Development Bhd (1MDB)-related money, which BN Johor was alleged to have received.
Retail and office occupancy rate stable in 1H2019
KAJANG (Sept 23): Decent take-ups of retail and office spaces in the Klang Valley supported the occupancy rate growth of the commercial sector in 1H2019, according to National Property Information Centre (Napic).
