News about Malaysia

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AT certain intervals, the international community will come up with a brilliant policy, which if properly executed, can really make the world a better place.

FOR Sunsuria Bhd, developing the freehold, 525-acre Sunsuria City in Salak Tinggi has been a journey of faith.

KUALA LUMPUR (June 17): The first phase of the Bandar Malaysia project is expected to cost between RM50 billion and RM60 billion, said Iskandar Waterfront Holdings Bhd (IWH) executive vice-chairman Tan Sri Lim Kang Hoo (pictured).

PETALING JAYA: The property market is only expected to recover in 2018, Malaysian Property Summit Mid-Year Review 2016 committee member James Wong told TheEdgeProperty.

KUALA LUMPUR (June 16): Bandar Malaysia Sdn Bhd has obtained funding for its massive project with the setting up of a fund backed by leading Chinese and Malaysian banks, with an asset base exceeding US$13 trillion.

KUALA LUMPUR (June 16): Hap Seng Consolidated Bhd is buying 36 parcels of freehold agricultural land with an aggregate land size of 1,449.

KUALA LUMPUR (June 16): Malaysia Smelting Corp Bhd (MSC) is buying three parcels of land at Pulau Indah Industrial Park, Westport — along with plant and machinery on the properties — for RM50 million.

KUALA LUMPUR (June 15): Prasarana Malaysia Bhd will begin to award the first batch of work packages for the upcoming RM9 billion Light Rail Transit Line 3 (LRT3) in the next two to three months.

KUALA LUMPUR (June 15): The expected higher taxes for foreign buyers of residential properties in the Australian state of New South Wales (NSW) are not expected to have much effect on Malaysian developers there, say analysts.