News about RTS

According to RHB Investment Bank (RHB IB), which has received insights from real estate agency Knight Frank Malaysia, a lot of infrastructure projects, property developments, facility expansions and investments are “brewing” in Iskandar Malaysia, which is formed by major cities in Johor.

In a report on Thursday (Aug 17), Inside Asian Gaming magazine cited analysts as saying that the influx of Chinese tourists bodes well for Singapore’s two integrated resorts — Marina Bay Sands and RWS — after each booked strong financial results for the June 2023 quarter.

Sarawak tourism, creative industry and performing arts minister Abdul Karim Rahman said this is “probably because our conditions are more attractive [compared to the national MM2H]”.

RTS Link is a cross-border rail link connecting Bukit Chagar to Woodlands in Singapore, with operations scheduled to begin in January 2027.

Apart from that, rentals for condominiums in Singapore grew 32% annually in the first quarter of 2023, while the government has also imposed a steeper stamp duty starting April.

In a note on Thursday (July 20), the research house said this was after the higher job flows from the private sector valued at RM39 billion in the first half of 2023 (1H2023) versus the public sector at RM9 billion in the same period, with the number of new applications for construction personnel reaching 151,500 applications in 1H2023, according to the Construction Industry Development Board’s data.

The group said in a bourse filing that OCBC has proceeded to appoint Khoo Siew Kiat and Lim Keng Peo of Deloitte Restructuring Services PLT as the "joint and several receivers and managers over the assets and undertakings of ARSB", whose assets have a net book value of RM25.

Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing said it would take one or two months to obtain approval from the various ministries before the latest conditions on MM2H applicants could be finalised.

Each of the three categories, Platinum, Gold, and Silver, will require a different amount of permanent applicants’ savings PETALING JAYA (June 23): In the latest development involving the Malaysia My Second Home (MM2H), the government will “set the requirements” to divide the programme into three categories.

Residents who live in secluded developments may not have to endure these youthful disport but it can really impact the life quality of those unable to avoid the throttle roars.