News about air

While the news of the oversupply of malls in the Klang Valley has been talked about to death and the fierce competition to attract visitors is no longer foreign, there are some malls that are thronged all day and all night long.

PETALING JAYA (Feb 19): Property magnate Tan Sri Desmond Lim is allegedly planning to buy a 60% stake in Subang Skypark Sdn Bhd from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with intentions to redevelop the land surrounding Sultan Abdul Aziz Shah Airport in Subang, where the company has a long sub-lease concession agreement with Malaysia Airports Holdings Bhd (MAHB) to operate its city airport terminal and integrated commercial and business aviation hub, reported The Edge weekly.

A mysterious enchantment always seems to linger around pre-war abodes, and when they are given a polish without being stripped of its old charm, they can be so inviting.

PETALING JAYA (Feb 6): High-rise residential projects have seen stronger demand in Sarawak, according to Malaysian Institute of Estate Agents (MIEA) Sarawak branch chairman Datuk Alex Ting.

PETALING JAYA (Jan 25): Short-stay leasing platform Airbnb (pictured) said it will continue to work closely with the relevant authorities to craft and implement clear and fair regulations governing short term rentals in Malaysia, it said in a statement today.

IGB Real Estate Investment Trust (Jan 24, RM1.

PETALING JAYA (Jan 19): While there is a lack of official statistics, it is not unusual for developers or landlords to default on a guaranteed rental return (GRR) scheme payment, observed lawyer and founding partner of Chee & Associates Lai Chee Hoe.

PETALING JAYA (Jan 19): Owners or operators of residential properties leasing them out for short-term stays on platforms such as AirBnB will have to register with Kuala Lumpur City Hall (DBKL), reported The Star.

KUALA LUMPUR (Jan 11): Putrajaya’s orders to indefinitely freeze approvals for four types of developments is an “excessive demonstration of government powers to suppress the free market”, said the Institute for Democracy and Economic Affairs (IDEAS) in a statement.

Selangor Properties Bhd (Dec 28, RM4.