Tough for govt to influence land prices, says Guan Eng

KUALA LUMPUR (Oct 1): In response to former prime minister Datuk Seri Najib Razak's comment on housing prices, Finance Minister Lim Guan Eng said it is tough to influence the price of land, which is why the government had opted to reduce the cost of construction instead.

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MKH sees profit rebounding in FY19 after hitting five-year low

KUALA LUMPUR (October 1): Kajang-based MKH Bhd is likely to post its lowest annual net profit in five years in the financial year just ended, but a rebound is expected in the new financial year ending Sept 30, 2019 (FY19) as the property developer focuses on affordable high-rise housing developments.

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UPDATE: Hilton Garden Inn hotels on Jalan TAR flipped for RM240m – report

PETALING JAYA (Sept 29): Hilton Garden Inn North – formerly the Cititel Express – and Hilton Garden Inn South – formerly the Hotel Empress – on Jalan Tunku Abdul Rahman, Kuala Lumpur, was sold for RM240 million by Singapore's Royal Group in August – barely three years after it had acquired the properties, reported The Edge Malaysia.

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