Axis REIT’s NPI jumps 31% on-year in 3Q with expanded portfolio
KUALA LUMPUR (Oct 22): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) grew 31% in the third quarter ended Sept 3, 2018 (3QFY18) to RM45.
Johor moves to revive sick and abandoned projects
JOHOR BARU (Oct 23): In a move to help house buyers affected by sick and abandoned private housing projects, the state government says it will take proactive measures.
Emkay's cross-subsidy affordable housing idea a 'private sector perspective', says minister
KUALA LUMPUR (Oct 22): The suggestion by Emkay Group executive chairman Tan Sri Mustapha Kamal Abu Bakar to sell affordable houses in Kuala Lumpur through a cross-subsidy method is a "perspective of the private sector", said Housing and Local Government Minister Zuraida Kamaruddin.
MBPP wants paired road project consultant to show cause over landslide
KUALA LUMPUR (Oct 22): The Penang Island City Council (MBPP) today instructed the consultant of the Bukit Kukus paired road project to show cause over the deadly landslide last week, reported the Malay Mail.
Hishamuddin confirms reaching out to Chinese officials to track Jho Low
KUALA LUMPUR (Oct 22): Former special functions minister Datuk Seri Hishammuddin Tun Hussein (pictured) confirmed today that he is reaching out to "friends from the past" among Chinese officials to track down the alleged 1MDB fiasco mastermind, businessman Low Taek Jho or Jho Low.
New Zealand ban on foreign buyers kicks in
KUALA LUMPUR (Oct 22): The bulk of foreigners will not be allowed to buy homes (unless they are newly built apartments) in the rugby mad country starting from today.
Putrajaya recognising income gap woes
KUALA LUMPUR (Oct 22): The government appears to recognise that income gaps are growing more alarming than previously acknowledged.
UPDATE: NREA marks its 10th year of recognising excellence in the property industry
KUALA LUMPUR (Oct 21): This year marks the 10th year since the National Real Estate Awards (NREA) was launched in 2009 to recognise excellence in the real estate industry, including real estate agents, real estate firms, real estate negotiators and probationary estate agents or valuers.
Illegal brokers from neighboring countries giving Malaysia bad rep – deputy housing minister
KUALA LUMPUR (Oct 21): The Housing and Local Government Ministry (KPKT) plans to work with relevant stakeholders to tackle the issue of more illegal brokers in Malaysia, said its Deputy Minister Raja Kamarul Bahrin Shah Raja Ahmad.
How many rogue developers are there?
The first question a homebuyer should ask is probably “who’s the developer?” The biggest nightmare for a property buyer is when a project fails to be delivered or when it is delayed for a prolonged length of time.
