KUALA LUMPUR (May 5): Bank Negara Malaysia (BNM) said yesterday the definition of affordable houses quoted by the Real Estate and Housing Developers’ Association (Rehda) as being in the price range of RM300,000 to RM500,000 is inaccurate.
KUALA LUMPUR (May 4): SKH Consortium Bhd announced today it is pulling out as the managing contractor for a Terengganu development for which it was appointed in 2015, to mitigate business and financial risks it was exposed to.
KUALA LUMPUR (May 4): Irene Sin May Lin has been named the new chief financial officer of Sunway Real Estate Investment Trust (SunREIT).
KUALA LUMPUR (May 4): Minority shareholders of Malaysian Resources Corp Bhd (MRCB) have been advised to vote in favour of a management contract between its 70%-owned unit Kwasa Sentral Sdn Bhd and MRCB Land Sdn Bhd, a wholly-owned subsidiary of MRCB, to jointly develop the town centre of the Kwasa Damansara township on 64.
Many expect clarity to the political landscape in Malaysia after the 14th General Election (GE14) which will be held next week.
KUALA LUMPUR (May 4): CIMB IB Research retained its overweight call on the construction sector and said the key sector risks are execution delays and competition from foreign contractors.
Despite the current property market slowdown, there are still some residential properties in Kuala Lumpur and Selangor that have seen strong transacted price growth in 2017.
PUTRAJAYA (May 4): The Department of Director General of Land and Mines (JKPTG) under the Natural Resources and Environment Ministry is currently exploring new ways, including changes in legislation, to facilitate strata property renewals or redevelopments in Malaysia.
KUALA LUMPUR (May 4): There is no oversupply of residential properties in the country as demand for housing has outstripped supply in 2017, said CBRE|WTW managing director Foo Gee Jen.
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