News about Malaysia

KUALA LUMPUR (Oct 19): A total of 150 companies and consortia have responded to the request for information (RFI) exercise on the multi-billion ringgit Kuala Lumpur-Singapore high-speed rail (HSR) project, whose submission is still open till Nov 18, 2015.

KUALA LUMPUR (Oct 19): Master Builders Association Malaysia (MBAM) hopes to see a greater reduction in import duties for heavy construction machinery as well as a normalisation of foreign workers under the 6P Programme to Temporary Work Permit (PLKS) status, which can be renewed instead of deporting them back, in this Friday's Budget 2016 announcement.

THE current cautious sentiment and oversupply situation in Iskandar Malaysia are making it tough for developers and investors to unload their properties — it can take months to dispose of a property and even then, it may have to come with a double-digit price cut, according to Chestertons Singapore managing director Donald Han.

GEORGETOWN (Oct 16): Penang’s first ‘premium outlet’ mall, Design Village Penang, in Batu Kawan, will open a month ahead of schedule in October 2016, according to Savills Malaysia managing director Allan Soo.

Pelaburan Hartanah Bhd (PHB) intends to revive its plans for a mixed-use development on the prime parcel in Bangsar, Kuala Lumpur, where Unilever Malaysia’s headquarters and factory had previously been located.

PETALING JAYA (Sept 22): Seremban Prima (formerly Seremban Parade), a shopping centre on Jalan Dato Bandar Tunggal, Seremban, is up for sale.

GEORGE TOWN (Oct 13): As Putrajaya pledges to continue to consider how it can promote affordable housing in the soon-to-be unveiled Budget 2016, the Penang government has announced new measures to stimulate the property market in the state today.

KUALA LUMPUR (Oct 13): The 25th National Real Estate Convention, organised by the Royal Institution of Surveyors Malaysia (RISM) and the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the private sector of Malaysia (PEPS), will discuss property market challenges with an experience panel of speakers.

KUALA LUMPUR (Oct 10): Traditionally an industrial enclave, Chan Sow Lin is seeing a rise in property transactions and new projects.

The National Real Estate Awards 2015 celebrated the finest real estate agents and negotiators in Malaysia on Oct 3 at the Sime Darby Convention Centre in Kuala Lumpur.