Khalid steps down as Prasarana chairman
KUALA LUMPUR (July 26): Tan Sri Khalid Abu Bakar (pictured) confirmed today that he has resigned as group chairman of Prasarana Malaysia Bhd.
11 new malls for you to visit in 2H18
PETALING JAYA (July 26): There are 11 new shopping centres and supporting retail components that are expected to enter the Klang Valley retail market by the second half of this year (2H18), Knight Frank Malaysia said in its “Real Estate Highlights 1st Half of 2018” report launched today.
Property market to pick up soon, says Knight Frank
KUALA LUMPUR (July 26): There are clear signs of improvement in the property market and it is expected to pick up sometime in the second half of this year or the first half of next year, according to real estate consultancy Knight Frank Malaysia.
CapitaLand 2Q NPI down 10.8% y-o-y to RM53.4m, declares 2 sen DPU
KUALA LUMPUR (July 26): CapitaLand Malaysia Mall REIT Management Sdn Bhd (CMRM), the manager of CapitaLand Malaysia Mall Trust (CMMT), announced today that CMMT achieved net property income (NPI) of RM53.
Enquiries for KL office market pick up, but outlook remains lackluster
PETALING JAYA (July 26): Leasing enquiries from the oil and gas and related sectors as well as multinationals in other service industries exploring the Kuala Lumpur office market have picked up in the first half of 2018 (1H18) as the crude oil price appears to stabilise, according to Knight Frank Malaysia.
Prasarana chief’s tenure may be cut short — sources
KUALA LUMPUR (July 26): Prasarana Malaysia Bhd president and group chief executive officer (CEO) Masnizam Hisham (pictured) may see her three-year tenure cut short as she is said to be leaving the company amid criticism from lawmakers that it had caused the cost of the light rail transit line 3 (LRT3) project to balloon.
‘Rentals can be a viable alternative to homeownership’
KUALA LUMPUR (July 25): Malaysia has to strengthen the legal framework of the local rental market to nurture renting as a viable alternative to homeownership, said Messrs Amir Toh Francis & Partners advocate and solicitor Ivan Chan.
KPKT identifies six agencies for establishment of affordable housing entity
KUALA LUMPUR (July 25): The Ministry of Housing and Local Government (KPKT) has identified six agencies that will be involved in the establishment of a single entity to oversee and coordinate affordable housing development in the country, said the ministry’s national housing department director-general Jayaselan Navaratnam.
Singapore-Malaysia diplomatic ties expected to decline, says research house
KUALA LUMPUR (July 25) — While Malaysia's diplomatic ties with neighbouring Singapore are expected to decline, trade will not be affected, said BMI Research.
