News about US

The proposed Real Property Development Act will cover mixed developments, including retail and commercial properties, the Ministry of Housing and Local Government said in a statement over the weekend.

Civil proceedings should be commenced to recover the millions in waived penalties, as the developer had unfairly benefitted from the sale of these properties and had obtained “unlawful enrichment”.

Urban renewal should be viewed not merely as a development concern, but as a critical public health and safety priority.

The new structure, announced by the National Water Services Commission (SPAN), introduces a five-tier system based on unit pricing.

EMKAY Group also signed an “Exclusive Agreement” with four leading real estate agencies, IPVS (Cushman & Wakefield), Reapfield Properties, JAZ International, and Roof Realty, under the theme "ReDiscover Mercu Mustapha Kamal" PETALING JAYA (May 8): EMKAY Group has gone for “a major shift” in Mercu Mustapha Kamal’s Tower 2's sales strategy, transitioning from an en-bloc sales model to stratified floor-by-floor sales, offering built-up areas ranging between 15,102 to 16,146 sq ft per floor.

BNM noted that while the global economy is still expanding, the recent US tariffs and retaliatory measures have negatively impacted the outlook for global trade and growth.

MIPFM said it is deeply concerned about the impact of SST on strata commercial property owners and residents, especially with rising living costs.

Birch House is a double-storey colonial mansion with a floor area of 18,710 sq ft.

“The established developers with over 20 years of experience and a history of successful project delivery pose a lower risk to homebuyers and should benefit from a streamlined development approval process.

On April 30, Sentoria said the delay was due to ongoing financial challenges, including several demand letters, legal proceedings, and receivership actions, which the company said have severely strained its resources and impacted its ability to meet reporting obligations.