News about Malaysia

KUALA LUMPUR (Nov 16): The Ministry of Finance said in the Economic Report 2015/16 that household debt rose to 88.

KUALA LUMPUR (Nov 13): A third party not linked to or authorised by 1Malaysia Development Bhd (1MDB) and the government, is purporting to be the project manager for Bandar Malaysia and Tun Razak Exchange (TRX) developments.

KUALA LUMPUR (Nov 13): The race to pick up a 60% stake in 1Malaysia Development Bhd’s (1MDB) prized project Bandar Malaysia is down to two bidders, one of which is said to be a consortium led by a China-based company in a tie-up with tycoon Tan Sri Lim Kang Hoo and several other local developers.

DEVELOPERS have begun to make adjustments to mitigate the slowdown in Iskandar Malaysia’s property market.

KUALA LUMPUR (Nov 6): The International Real Estate Federation’s Malaysian chapter (Fiabci Malaysia) has named Ekovest Bhd’s co-founder and executive chairman Tan Sri Datuk Lim Kang Hoo Property Man while IJM Land Bhd’s non-executive director and former CEO and managing director Datuk Soam Heng Choon was awarded Property CEO at the 23rd Malaysia Property Awards (MPA) presentation ceremony here tonight.

KUALA LUMPUR (Nov 6): Damansara Realty Bhd, which received an unusual market activity (UMA) query from Bursa Securities on the sudden rise of its share price which soared 50% to hit a five-month high today, said it is participating in a public tender to construct housing develpment under Projek Perumahan Penjawat Awam 1Malaysia (PPA1M) at Putrajaya.

PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.

KUALA LUMPUR (Nov 5): The country has, under the Eleventh Malaysia Plan 2016-2020 (11MP), identified “sustainable construction” as the game changer for the construction industry, said Construction Industry Development Board (CIDB) Malaysia chief executive Datuk Dr Judin Abdul Karim (pictured) at the Zofnass Programme Symposium held at Harvard University in the US recently.

THE number of sustainable and green developments in Malaysia has been increasing over the past few years.

KUALA LUMPUR (Oct 28): Malaysia is the third biggest Asian investor in the real estate market of the UK and Australia, The Star Online reported.