Affordable housing influx may worsen overhang situation

PETALING JAYA (April 21): A growing supply of affordable housing – variously defined as priced below RM500,000 to below RM200,000 by different authorities and consultancies – by public and private entities threatens to keep overhang units undigested, reported The Edge weekly.

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IKEA mulls third Klang Valley store

JOHOR BAHRU (March 29): Swedish furniture maker IKEA is eyeing a third store in the capital of Malaysia but there is no timeline as to when the development will be announced.

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Govt to amend hereditary land law

PETALING JAYA (March 22): The government has proposed to amend the Small Estates (Distribution) Act 1955 (Act 98) to enable the distribution of hereditary land without inheritance agreements, instead allowing the land administrator to decide according to the “majority rule” method, reported Bernama.

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