News about UK

PETALING JAYA (Dec 20): The government will not raise the stamp duty rate from 3% to 4% on the instruments of transfer (Form 14A) for properties worth over RM1 million from Jan 1, 2018, as announced in Budget 2017,  according to the Ministry of Finance (MoF).

PETALING JAYA (Dec 19): The Taman Tun Dr Ismail Residents’ Association (TTDI RA) has refuted several claims made by the Federal Territories (FT) Minister Datuk Seri Utama Tengku Adnan Tengku Mansor regarding issues related to the proposed high-rise development near Taman Rimba Kiara (TRK).

  PETALING JAYA (Dec 18): Two rival camps within the longhouse community at Taman Tun Dr Ismail (TTDI) are tussling over a proposed high-rise, high-density development that threatens to engulf the neighbourhood’s Taman Rimba Kiara public park.

KUALA LUMPUR (Dec 15): LBS Bina Group Bhd will set up a RM500 million Sukuk Murabahah programme to finance future acquisitions and development cost of the projects undertaken by the group, to repay borrowings, as well as for working capital.

KUALA LUMPUR (Dec 15): Sunway Bhd will set up a RM5 billion perpetual Islamic medium term note (IMTN) programme to finance its investment activities, capital expenditure and for working capital.

PETALING JAYA (Dec 15): The government will not bail out property developers, especially those who fail to sell their high-end projects and get into financial problems, said Finance Minister II Datuk Seri Johari Abdul Ghani.

PETALING JAYA (Dec 15): More than 300 staff of Perbadanan PR1MA Malaysia (PR1MA) signed the Corruption-Free Pledge (Ikrar Bebas Rasuah-IBR) introduced by the Malaysian Anti-Corruption Commission (MACC) today.

KUALA LUMPUR (Dec 15): Finance Minister II Datuk Seri Johari Abdul Ghani reaffirmed that the freeze on shopping mall, office and high-rise residential projects of RM1 million and above applies nationwide, but developers can still submit their project proposals for consideration.

KUALA LUMPUR (Dec 15): Eco World International Bhd (EWI) today signed an agreement with UK-based developer Be Living Holdings Ltd to jointly develop 12 sites in the UK with an estimated GDV of £2.

PETALING JAYA (Dec 11): Property developer LBS Bina Group Bhd will launch affordable to mid-market non-landed properties with a cumulative GDV of RM1.