News about US

Chief Minister Chow Kon Yeow: PDC has several methods of selling land, whether via an open tender, request for proposal, or direct negotiations.

Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the government is currently studying to amend the Advertising Permit and Developer’s License Act (Act 118).

The termination of the agreement comes with a three months’ notice, PDC said.

It is important to note that Sunway had only emerged as a majority shareholder in Umech Land two days prior to the announcement of the agreement, by injecting RM23.

Maybank Investment Bank (IB) research noted that while a less stringent MM2H “should benefit the domestic property industry in both the rental market and property demand, the imposition of a flat 4% stamp duty on foreign buyers, could result in a 63% increase in stamp duty fees for a property priced at RM1.

“Once cancellation is done, action should be taken against those individuals whether in PDC or in the state government or outside responsible for this shoddy mess,” said Ramasamy, who is a former board member of PDC.

Varied views from a number of stakeholders in the property segment The Association expresses concerns over plans to introduce a 4% flat rate for the stamp duty on memorandum of transfers on purchases by foreign individuals and companies.

The moulded plastic products maker and property developer said it is acquiring Broadwise Corporation Sdn Bhd (BCSB) via its wholly owned subsidiary, Amverton Prop Sdn Bhd, for RM46 million.

Minister of Local Government Development Nga Kor Ming said the programme aims to ensure that CPOs adhere to the planning and fire safety guidelines provided by PLANMalaysia and the Malaysian Fire and Rescue Department (JBPM).

The Parkville RA filed the judicial review through its chairman, seeking a declaration that the RA is entitled to impose a rule that non-paying owners and residents or non-members of the association in the residential area would operate the boom gates themselves without the assistance of the security guards.