KTMB eyes developing commercial, retail properties worth RM6b in the next 2-3 years
PUTRAJAYA (Nov 14): Keretapi Tanah Melayu Bhd (KTMB) is eyeing on embarking on its maiden property development project within the Klang Valley area, slated to be worth RM6 billion in the next two to three years, as part of its initiatives to ramp up income from its non-fare segment, according to its chief executive officer Mohd Rani Hisham Samsudin.
Tony Pua: MRT3 'actual' project cost more important than financing cost
KUALA LUMPUR (Nov 13): Malaysia's planned Klang Valley Mass Rapid Transit Line 3's (MRT3) actual project cost is more important than its financing expenses because a more expensive project with cheaper financing will still cost more for the government to build.
Vigorous Old Klang Road
The grande dame of Malaysian roads — Old Klang Road or Jalan Klang Lama — has maintained its vitality, not just as an arterial road in Kuala Lumpur city but also as a property hotspot.
RHB Bank launches first housing loan mobile app in Southeast Asia
KUALA LUMPUR (Nov 8): RHB Bank Bhd has launched the RHB MyHome App, the first of its kind in Southeast Asia to provide convenience in mortgage applications and documents submission via mobile devices.
Naim Indah ceases to be project management consultant for Gateway Klang Project
KUALA LUMPUR (Nov 7): Naim Indah Corp Bhd has ceased to be the project management consultant for Lagenda Erajuta Sdn Bhd’s Gateway Klang Project, due to a delay by Lagenda in obtaining approval for the land transfer and a change in the land usage status.
Purpose-built Office Rental Index continues uptrend in 2Q17
PETALING JAYA (Oct 27): The Purpose-Built Office (PBO) Rental Index for Klang Valley, Johor Bahru, and George Town grew in the second quarter of 2017 (2Q17) from a year ago, according to the “Economic Report 2017/2018”.
IOI Properties' RM3b sukuk receives AAIS rating from MARC
KUALA LUMPUR (Oct 17): Malaysian Rating Corp Bhd (MARC) has assigned a preliminary rating of AAIS to the proposed RM3 billion sukuk by Fortune Premiere Sdn Bhd, a wholly-owned subsidiary of IOI Properties Group Bhd.
