News about Kuala Lumpur

PETALING JAYA (July 3): The housing and commercial property glut in Kuala Lumpur is not a great cause for concern as the market will eventually adjust itself to accommodate the excessive supply, said the Malaysian Institute of Planners (MIP) president Ihsan Zainal Mokhtar.

PETALING JAYA (July 3): The waste-to-energy project in Kepong mooted by the Barisan Nasional administration needs further studying before it can be implemented, said Housing and Local Government (KPKT) Minister Zuraida Kamaruddin, reported The Star.

KUALA LUMPUR (July 2): Almost 10 years after the federal government shot down a proposal to build an airport funded by the private sector in Labu, Negeri Sembilan, the topic has been revived after the Pakatan Harapan state government announced its intention to develop an aviation hub there.

KUALA LUMPUR (July 2): Kuala Lumpur Kepong Bhd (KLK) has appointed Leong Sean Meng as the acting group Chief Financial Officer (CFO) with immediate effect upon the resignation of the Group CFO Soon Wing Chong, reported Bernama today.

KUALA LUMPUR (July 2): Shares of TA Enterprise Bhd, which has interest in financial services, property and hospitality, was suspended from 10:32am today, ahead of the release of a material announcement.

PETALING JAYA (July 1): Negeri Sembilan plans to develop an aviation hub as the state government is confident that it will benefit the economy at the local and national level, reported Bernama.

KUALA LUMPUR (June 30): China’s Agile Group is aiming to launch projects in Malaysia with GDV of RM12.

PETALING JAYA (June 30): Ladang Impian 1 Sdn Bhd (LI1SB) which held a 15-year lease upon on the four acres upon which Pasarakyat was located, was paid RM35 million to terminate its lease seven years ahead of its expiry on January 1 this year, reported The Edge weekly.

PETALING JAYA (June 29): Close to half of the Small Office Home Office (Soho) units or 1,430 units of  2,912 units launched in Kuala Lumpur that  are under construction, remain unsold in 1Q2018.

PETALING JAYA (June 28): The number of unsold residential properties in the country has risen significantly over the first quarter of 2018.