News about US

Yesterday (April 13), the Federal Court dismissed the leave applications brought by Country Garden Danga Bay Sdn Bhd (CGDB) against a group of seven unit purchasers of Country Garden Danga Bay, Johor Bahru.

Some developers are ‘arm-twisting’ house buyers to sign away their rights to late delivery compensations, but are such waivers legitimate?  Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers.

PETALING JAYA (April 12): Knight Frank Malaysia expects to see an increase in hotel transactions over the next 24 months, supported by improved appetite of hotel owners and operators as shown in its latest market survey report.

KUALA LUMPUR (April 12): Axis Real Investment Trust (REIT) is acquiring a logistics warehouse facility in Pelabuhan Tanjung Pelepas (PTP) in Johor for RM390 million cash, its largest acquisition to date.

KUALA LUMPUR (April 11): Sunway Real Estate Investment Trust (Sunway REIT) has appointed Tan Sri Amirsham Aziz, a former Minister as well as former Maybank president and chief executive officer, as its new chairman effective Friday (April 8).

KUALA LUMPUR (April 11): Jentayu Sustainables Bhd (formerly known as Ipmuda Bhd) has proposed to sell a parcel of leasehold redevelopment industrial land with warehouses and offices in Petaling Jaya for RM19.

KUALA LUMPUR (April 7): TAFI Industries Bhd has secured a contract for the construction of a single-storey factory and warehouse together with a two-storey office building in Kuala Langat, Selangor.

Read also: DONE DEAL: Office at UOA Business Park, Selangor DONE DEAL: Three-storey terrace at Taman Residensi Sri Utara, Kuala Lumpur USJ 16 is one of the many neighbourhoods that make up the UEP Subang Jaya enclave.

Read also: DONE DEAL: Office at UOA Business Park, Selangor DONE DEAL: Two-storey shoplot at Taman Lestari Putra, Selangor Located in Shah Alam, UOA Business Park comprises of nine blocks of Grade A offices with a row of retail shops.

KUALA LUMPUR (March 30): Against the backdrop of low interest rates domestically and globally, there have been limited signs of credit-fuelled speculative investments in the housing market, according to Bank Negara Malaysia (BNM).