Perak launches first phase of Perakku housing scheme
KUALA LUMPUR (Oct 26): We have heard of the Rumah Selangorku housing scheme and not to be outdone, the Perak government has launched the first phase of the “Perakku” housing programme.
IGB REIT seen to have lower non-renewal risk
IGB Real Estate Investment Trust (Oct 25, RM1.
Pavilion REIT 3Q NPI up 20.5%; trust pays 2.14 sen DPU
KUALA LUMPUR (Oct 26): Pavilion Real Estate Investment Trust’s net property income (NPI) rose by a fifth to RM94.
KPKT and MIPFM to discuss separate register for property and facility managers
KUALA LUMPUR (Oct 25): The Malaysian Institute of Property and Facility Managers (MIPFM) will be speaking with the Housing and Local Government Ministry about the possibility of setting up a separate board to register property, facility and strata managers.
KPKT reaffirms need for centralised affordable housing database to prevent abuse
KUALA LUMPUR (Oct 25): A centralised database of affordable housing owners is necessary to ensure that such homes developed by the government benefits those in need, said Housing and Local Government deputy minister Datuk Raja Kamarul Bahrin Shah.
Najib, Irwan faces 6 CBT charges for misappropriation of RM6.64b govt funds
KUALA LUMPUR (Oct 25): Charge sheets show that former prime minister Datuk Seri Najib Razak (pictured) and former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah will be slapped with six counts of criminal breach of trust (CBT) for misappropriation of some RM6.
CMMT 3Q NPI down 13.86%; company declares 1.9 sen DPU
KUALA LUMPUR (Oct 25): Asset enhancement works at Sungei Wang Plaza weighed on the net property income of CapitaLand Malaysia Mall Trust (CMMT) as income fell nearly 14% to RM51.
IGB REIT net property income inches up 2.4% in 3Q on higher rental income
KUALA LUMPUR (Oct 25): IGB Real Estate Investment Trust’s (REIT) net property income (NPI) rose a marginal 2.
RBC: Australian house prices could fall 15% if government changes
Due to policy proposals by opposition Labor party, who are currently set to win government, Australia is likely to weaker property prices and diminished productivity, says the Royal Bank of Canada.
RM6b misused to settle 1MDB debts
KUALA LUMPUR (Oct 25): The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Datuk Seri Najib Razak and ex-treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah will be charged today with committing criminal breach of trust (CBT), with sources saying the offences include alleged misappropriation of RM6 billion that was used to settle 1Malaysia Development Bhd’s (1MDB) debts.
