Felda urges patience in land transfer fraud probe

PETALING JAYA (Feb 20): The Federal Land Authority (Felda) has called for patience as an investigation into the dubious land transfer of its Jalan Semarak land is underway, with the documents to retrieve the 16 parcels to be submitted soon.

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Can’t afford a home? Turn to the sub-sale market

PETALING JAYA (Feb 19): As property prices increasingly escalate beyond the reach of many would-be homebuyers — as corroborated by Bank Negara Malaysia’s (BNM) latest quarterly bulletin — some experts have advised them to turn their sights to the secondary market, where homes in Kuala Lumpur priced up to RM200,000 are still available.

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Penang’s The Rice Miller project seeks saviours

PETALING JAYA (Feb 19): The receivers and managers of Asian Global Business Sdn Bhd, the developers of The Rice Miller Hotel and Residences project in George Town, Penang, are looking for white knights to rescue the project, reported The Edge weekly.

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Pavilion’s Desmond Lim eyes Subang Skypark, say sources

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.

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A place to let your guard down

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.

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