News about US

PETALING JAYA (March 27): Continuing soft market conditions and affordability issues in the country may see the level of unsold housing units rise further in the short term, however, sharp declines in house prices are unlikely, said Bank Negara Malaysia (BNM) in its Financial Stability and Payment Systems Report 2018.

  KUALA LUMPUR (March 27): The government plans to introduce new rules on resale of affordable houses under the Affordable Housing Policy to control prices and ownership and to ensure the houses are utilised by only eligible applicants.

  KUALA LUMPUR (March 26): The High Court fixed June 13 to hear the appeal filed by the government which was ordered to pay more than RM11.

KUALA LUMPUR (March 26): Permaju Industries has teamed up with OCR Group Bhd to develop a residential and commercial project with an estimated gross development value (GDV) of RM1 billion in Kota Kinabalu.

  KUALA LUMPUR (March 25): The Federal Government is currently reviewing the suitability of lands that have been offered by state governments for affordable housing purposes, said Housing and Local Government Minister Zuraida Kamaruddin.

  KUALA LUMPUR (March 25): Kuala Lumpur City Hall (DBKL) today introduced the ‘Rental Arrears Settlement Service Scheme’ to address the problem of rental arrears by tenants of its Public Housing (PA) and PPR units.

  In attempting to rejuvenate an aging town or building, we could always demolish and rebuild from scratch.

  KUALA LUMPUR (March 22): Sunway Real Estate Investment Trust has proposed to establish a RM10 billion perpetual note programme for the financing of investment activities, refinancing of existing and future borrowings, and working capital.

KUALA LUMPUR (March 21): The conditions for the sale of the Royale Chulan Bukit Bintang Hotel have yet to be fulfilled and as such the hotel still belongs to Boustead Holdings Bhd, a ministry of defence (Mindef) official said yesterday.

China Evergrande Group is China’s second-largest property developer, who are also know for investments into football clubs and spring-water companies,  has declared that they can be the biggest electric vehicle manufacturer in the world within three to five years.