News about MP

KUALA LUMPUR (April 6): IGB Real Estate Investment Trust (IGB REIT) closed in negative territory yesterday on a knee-jerk reaction from investors to news that one of its properties here was involved explosions.

KUALA LUMPUR (April 4): Dissatisfaction over expensive home prices has been escalating in Malaysia in recent years, with prices now reportedly beyond the reach of an average worker in key states like Kuala Lumpur and Penang.

WHEN Alfred Russell Wallace worked on his theory of evolution through natural selection following his explorations of the Malay Archipelago in a small hut not far from what is now Sarawak’s capital, Kuching, he noted how much of the state was unreachable due to its hilly terrain and dense forests.

JOHOR Bahru, capital of the country’s southernmost state, has gone through a tremendous transformation and revitalisation over the past few years.

KUALA LUMPUR (April 2): Kota Kinabalu-based property developer Borneo Estate Development Sdn Bhd is planning a RM4.

KUALA LUMPUR (April 1): Aseana Properties Ltd, a London-listed property developer in which Ireka Corp Bhd has a 23% stake, is selling the Aloft Kuala Lumpur Sentral Hotel in Malaysia to Prosper Group Holdings Ltd for RM418.

KUALA LUMPUR (April 1): Prasarana Malaysia Bhd, which targets to turn profitable in the second half of next year, said it is looking at spinning off some of its assets into a real estate investment trust (REIT) and pare down its debt.

PETALING JAYA (April 1): The International Real Estate Research Symposium 2016 (IRERS) organised by The National Institute of Valuation (INSPEN) is expected to attract 300 participants from around the world.

KUALA LUMPUR (March 30): Although Kuala Lumpur City Hall (DBKL) has restricted approvals to develop new hotels, luxury apartments and office developments, the authorities will still allow applications for selected mixed commercial developments, said Federal Territories Minister Tengku Adnan Tengku Mansor.

A number of houses in Kuala Lumpur’s Bukit Persekutuan boast a unique orientation — the top floor is at street level, and the bedrooms are downstairs.