Johor: Please start JB-S'pore RTS project by mid-2019
PETALING JAYA (Aug 10): Johor hopes that the Johor Baru-Singapore Rapid Transit System (RTS) will begin by mid-2019, said its Menteri Besar Datuk Osman Sapian.
Compensation for TTDI project should come from landowner
PETALING JAYA (Aug 9): Yayasan Wilayah Persekutuan (YWP), and not Dewan Bandaraya Kuala Lumpur (DBKL), should compensate the developer of a high-rise, high-density residential development coming up on Taman Rimba Kiara (TRK) as the former is the owner of the land, said Kuala Lumpur mayor Tan Sri Mohd Amin Nordin Abd Aziz.
Latest asset buy seen to have muted impact on Axis REIT’s earnings
Axis Real Estate Investment Trust (Aug 9, RM1.
Government to present white paper on Felda’s critical cash flow problem
KUALA LUMPUR (Aug 10): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said yesterday the government had decided to present a “white paper” in the next session of Dewan Rakyat to expose the real situation of the Federal Land Development Authority (Felda), which is currently facing a critical cash flow problem.
Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge
KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
Perak govt seeks to bring down property prices
PETALING JAYA (Aug 9): The Perak state government is looking at ways to bring down property prices in the state, reported The Star.
No separate O&M deal for SSP3 water treatment plant, minister clarifies
KUALA LUMPUR (Aug 9): Minister of Water, Land and Natural Resources Dr Xavier Jayakumar (pictured) clarified that the RM2.
Sick of 4-hour commutes, Penangite groups back PTMP
PETALING JAYA (Aug 9): Some Penangites who are sick of traffic jams along the roads to the Bayan Lepas Free Industrial Zone have thrown their weight behind the contentious Penang Transport Master Plan (PTMP) via a petition supporting the project.
Gamuda to lose O&M contract with SPLASH, says Xavier
KUALA LUMPUR (Aug 9): Gamuda Bhd's 80%-owned unit Gamuda Water Sdn Bhd would not continue to be the operation and maintenance (O&M) contractor for the SSP3 Water Treatment Plant, according to Minister of Water, Land and Natural Resources Dr Xavier Jayakumar.
1MDB still owns Air Itam land, says Penang CM
PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.
