Housing glut in Iskandar Malaysia no big issue in the long term

PETALING JAYA (Oct 6): Although there may be a surplus of residential properties in the Iskandar Malaysia region in the short term, it is not a big issue in the long run as the economic zone aims to have about 600,000 to almost 700,000 houses by 2025, said Iskandar Regional Development Authority vice-president of planning and compliance Sakurah Jamaluddin.

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Melbourne Square construction to start in November

MELBOURNE (Oct 5): Melbourne Square, a joint-venture development between OSK Property Holdings Bhd and the Employees Provident Fund (EPF) Malaysia, will begin its groundwork in November this year and the first phase is slated to complete by end-2020.

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Bigger affordable housing allocation for Budget 2018

PETALING JAYA (Oct 5): The government will increase its allocation for affordable housing in Budget 2018 from RM700 million in the previous one as housing is one of the main concerns of the rakyat, said Minister of Urban Wellbeing, Housing and Local Government Tan Sri Noh Omar.

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Tanco buys RM8m office in Puchong

KUALA LUMPUR (Oct 3): Tanco Holdings Bhd has entered into a sale and purchase agreement (SPA) with Wawasan Indera Sdn Bhd for the acquisition of a four-storey building in Puchong at RM8 million.

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