PROPERTY SNAPSHOT Prices in KLCC stagnate
• This week, the prime Kuala Lumpur City Centre (KLCC) area takes centre stage.
1MDB RM42 billion now part of TRX, Bandar Malaysia landbank, says Najib
KLANG (May 17): Prime Minister Datuk Seri Najib Razak yesterday insisted that state fund 1Malaysia Development Bhd's (1MDB) RM42 billion was not lost, saying that the money was now part of the Tun Razak Exchange (TRX) and Bandar Malaysia landbank.
Consult PJ council to avoid problems later, MRT Corp told
PETALING JAYA (May15): Former Petaling Jaya councillor Derek Fernandez is urging the Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) to consult the Petaling Jaya City Council (MBPJ) on the proposed MRT Sungai Buloh-Serdang-Putrajaya (SSP) line.
Who decided to sell Bumi land to 1MDB, asks PAS
KUALA LUMPUR (May 14): With the controversy over the sale of 1Malaysia Development Berhad's (1MDB) land in the Tun Razak Exchange (TRX) financial district to Lembaga Tabung Haji still raging, a PAS leader has upped the ante by asking who made the decision to sell the land, originally earmarked for Bumiputera, to the state investment vehicle.
Kimlun buys Johor land for RM28.3 mil to build residential properties
KUALA LUMPUR (May 13): Kimlun Corp Bhd is acquiring land in Kota Tinggi, Johor for RM28.
Indonesia’s Mulia Group buys RM665 million TRX land
KUALA LUMPUR (May 13): Debt-laden 1Malaysia Development Bhd (1MDB) today announced it has sold land for RM665 million to Indonesia's Mulia Group to build its Signature Tower in the Tun Razak Exchange (TRX), a week after news broke out of a controversial land purchase by Lembaga Tabung Haji.
Sunway proposes RM1.8 bil mixed development in Kelana Jaya
PETALING JAYA (May 12): Sunway Bhd is proposing a mixed development across 17 acres in Kelana Jaya, with an estimated gross development value (GDV) of RM1.
Tabung Haji may suffer loss despite RM5 million ‘profit’ in TRX land sale
KUALA LUMPUR (May 12): Pilgrims' fund Lembaga Tabung Haji's sale of a piece of land it purchased for RM188.
