News about UN

KUALA LUMPUR (Dec 22): Property developers may need to brace for a sustained low-margin environment next year as they continue building new affordable homes that are expected to crimp their margins.

PETALING JAYA (Dec 21): TSR Capital Bhd today received a letter of award (LoA) from Kwasa Land Sdn Bhd to develop a 6.

PETALING JAYA (Dec 21): The Exchange 106 at Tun Razak Exchange is poised to be Malaysia’s tallest building once it is completed in 2Q18, according to the New Straits Times.

KUALA LUMPUR (Dec 21): IOI Properties Group Bhd's wholly-owned subsidiary Fortune Premiere Sdn Bhd (FPSB) has issued RM100 million sukuk to refinance its debt, fund its capital expenditure and for working capital.

PETALING JAYA (Dec 21): The recent freeze on four types of developments — including condominiums and serviced apartments priced from RM1 million — will introduce more shoebox dwellings with absolute prices below the threshold, said Knight Frank Malaysia Sdn Bhd research and consultancy executive director Judy Ong.

KUALA LUMPUR (Dec 21): The government's revised plan to maintain the stamp duty for luxury properties at 3% is positive for the property sector, according to MIDF Amanah Investment Bank Bhd Research.

KUALA LUMPUR (Dec 21): Sunway Bhd plans to enter Sabah’s pavement market through the acquisition of concrete block manufacturer Telipok Concrete Sdn Bhd for RM2.

KUALA LUMPUR (Dec 21): Kimlun Corp Bhd is buying an 11.

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).

KUALA LUMPUR (Dec 20): Majlis Amanah Rakyat (Mara) has sold a strata office property in the commercial business district of Melbourne to specialist property fund manager Placer Property Ltd for A$37.