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JOHOR BAHRU (Oct 5): IKEA Tebrau will open its doors on Nov 16, becoming the Swedish affordable furniture’s first store in Malaysia’s southern region and the largest one in Southeast Asia.

MELBOURNE (Oct 5): Melbourne Square, a joint-venture development between OSK Property Holdings Bhd and the Employees Provident Fund (EPF) Malaysia, will begin its groundwork in November this year and the first phase is slated to complete by end-2020.

PETALING JAYA (Oct 5): Developers who are not able to deliver their residential projects on time may request for an extension of an additional 12 months from the original 36 months, provided no sale and purchase agreement has been signed, said Minister of Urban Wellbeing, Housing and Local Government Tan Sri Noh Omar.

PETALING JAYA (Oct 5): The government will increase its allocation for affordable housing in Budget 2018 from RM700 million in the previous one as housing is one of the main concerns of the rakyat, said Minister of Urban Wellbeing, Housing and Local Government Tan Sri Noh Omar.

PETALING JAYA (Oct 5): There must be a collaboration between the public and private sector to drive Industrialised Building System (IBS) usage, said Asian Strategy & Leadership Institute (ASLI) chairman Tan Sri Dr Jeffrey Cheah in response to the government urging property developers to adopt the technology.

PETALING JAYA (Oct 5): The government should pick the “low-hanging fruits” that could lead to significant shifts in the property market, said Lendlease Projects Sdn Bhd director and country head Dinesh K Nambiar.

PETALING JAYA (Oct 5): Housing prices will definitely not go down as elements of property development such as land cost and development charges keep increasing, said a group of panellists.

KUALA LUMPUR (Oct 5): Malaysian Resources Corp Bhd (MRCB) shares fell as much as four sen or 4% as the builder and property developer's new rights shares start trading today.

KUALA LUMPUR (Oct 5): Sime Darby Bhd’s plantation and property arms have received the Securities Commission Malaysia's (SC) approval for the classification of their shares as syariah-compliant securities.

SINGAPORE (Oct 5): A proposed law to support the building and running of two future rail links between Singapore and Malaysia, including the Kuala Lumpur-Singapore high-speed rail (HSR), was brought to Singapore’s parliament on Tuesday, according to The Straits Times.