News about ag

THE Klang Valley residential market saw price growth in 3Q2015, albeit at a slower pace, as homebuyers remained cautious about the current economic and political situation.

MALAYSIAN real estate investment trusts (MREITs) may step up acquisitions this year as the rental reversion cycle peaked in 2014, which helps with asset valuations said Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy (pictured).

KUALA LUMPUR (Jan 14): The Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan has warned that his ministry would most likely to be affected by the impending cut in Budget 2016.

PETALING JAYA (Jan 14): Building managers can register themselves with the Commissioners of Buildings (COB) for now, while the Ministry of Urban Wellbeing, Housing and Local Government is working towards the formation of a Board of Building Managers (BBM).

KUALA LUMPUR (Jan 13): A new entity formed via a joint venture between UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET), and Township Management Services Sdn Bhd (TMS) — which is a wholly-owned subsidiary of Medini Iskandar Malaysia Sdn Bhd, will kick off its township management services this year, specifically for building owners and residents of Medini and Iskandar Puteri (formerly known as Nusajaya) townships in the Iskandar Malaysia region in Johor Bahru.

KUALA LUMPUR (Jan 9): Agile Mont’Kiara (pictured), a joint venture project between Agile Real Estate Development Sdn Bhd and PJ Development Holdings Bhd was officially launched by the Mayor of Kuala Lumpur Datuk Hj Mohd Amin Nordin Abd Aziz today.

  SINGAPORE (Jan 6): GuocoLand Ltd and AccorHotels have signed a deal for the management of GuocoLand’s two newly-built hotels: the Sofitel Singapore City Centre at Tanjong Pagar Centre, Singapore, and the Sofitel Kuala Lumpur Damansara at Damansara City, Kuala Lumpur.

KUALA LUMPUR (Jan 6): As 1Malaysia Development Bhd (1MDB) received flak over its statement that the sum it quoted under the Bandar Malaysia deal is subject to revision, the state investment fund further clarified today aspects of the deal with the consortium of Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).

KUALA LUMPUR (Jan 6): The hefty price tags being bandied about for the construction of the high speed rail (HSR) project linking Kuala Lumpur and Singapore are mere speculation, MyHSR Corp Sdn Bhd chief executive officer Mohd Nur Ismal Mohamed Kamal (pictured) told The Edge Financial Daily.

INTEREST in the Kuala Lumpur-Singapore High Speed Rail (HSR) project is growing even as the two governments iron out the details.