News about Kuala Lumpur

PETALING JAYA (Feb 16): The lower plot ratios for property developments under the newly-gazetted Kuala Lumpur City Plan 2020 (KLCP 2020) will likely drive down the prices of development land in the capital as project densities – and consequently profitability – are reduced, reported The Edge Malaysia.

KUALA LUMPUR (Feb 15): Real estate players are of the opinion that the 1km stretch closure to vehicles along Jalan Tuanku Abdul Rahman (TAR) would raise shop tenancy rates and revitalise the historical shopping thoroughfare.

KUALA LUMPUR (Feb 14): Most of the traders on Jalan Tuanku Abdul Rahman (TAR) have voiced objection to the plan by Kuala Lumpur City Hall (DBKL) to close a 1km stretch to private vehicles on the street, one of the oldest shopping districts in the city.

  Property investors looking for high-end apartments in Kuala Lumpur city that won’t break the bank should look no further than The Luxe by Infinitum, the latest classy offering of dual-key units by Macly Equity Sdn Bhd, a joint venture between two eminent Singaporean developers Macly Group and RoxyPacific.

KUALA LUMPUR (Feb 11): Former Prime Minister Datuk Seri Najib Razak’s trial linked to SRC International Sdn Bhd has been postponed.

KUALA LUMPUR (Feb 11): Property projects, which were previously granted approval in principle with a higher plot ratio than what is permitted under the newly gazetted Kuala Lumpur City Plan 2020 (KLCP 2020), are required to seek fresh approval from Kuala Lumpur City Hall (Dewan Bandaraya Kuala Lumpur, DBKL).

  PETALING JAYA (Feb 2): The Malaysian Anti-Corruption Commission (MACC) has questioned 20 Dewan Bandaraya Kuala Lumpur (DBKL) officers over their involvement the RM4.

PUTRAJAYA (Jan 31): Federal Territories Minister Khalid Abdul Samad is targeting contract “cartels” in Kuala Lumpur City Hall (DBKL) he believes are mostly controlled by Umno party members, reported The Malay Mail yesterday.

PETALING JAYA (Jan 29): A localised failure of a slab occured last Friday (Jan 25) at the Bukit Bintang City Centre (BBCC) development on the former Pudu Jail site in Kuala Lumpur, said Eco World Development Group Bhd (EcoWorld) in a press statement today.

KUALA LUMPUR (Jan 28): The Medan Imbi building owner has offered to buy the two plots of land where the six-storey building and fruit stall is situated.