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PETALING JAYA (Feb 16): The lower plot ratios for property developments under the newly-gazetted Kuala Lumpur City Plan 2020 (KLCP 2020) will likely drive down the prices of development land in the capital as project densities – and consequently profitability – are reduced, reported The Edge Malaysia.

KUALA LUMPUR (Feb 16): Telekom Malaysia Bhd (TM) intends to dispose of two office towers that are adjacent to its headquarters Menara TM on Jalan Pantai Baharu, Kuala Lumpur.

KUALA LUMPUR (Feb 16): There are currently no registration forms for Airbnb hosts to register their properties with municipal authorities, despite amendments having been made to the Tourism Industry Act recently to extend registration requirements to all homes, said Airbnb.

KUALA LUMPUR (Feb 15): Real estate players are of the opinion that the 1km stretch closure to vehicles along Jalan Tuanku Abdul Rahman (TAR) would raise shop tenancy rates and revitalise the historical shopping thoroughfare.

PETALING JAYA (Feb 15): Property surveyors are predicting that UK's housing market will experience the most pervasive decline in prices since February 2011 in the next three months as the Brexit approaches without an acceptable transition deal in sight, reports Reuters.

Neo 200, a CBD tower block located in Melbourne was damaged in a blaze, and residents have been told it may take up to a year before they can return to their apartments.

An initiative under the National Housing Policy (2.

BUKIT JALIL: Having been rather quiet over the last two years, property developer Berjaya Land Bhd is expecting a busy 2019 with several development projects planned for launch this year.

KUALA LUMPUR (Feb 15): Selangor Properties Bhd (SPB) has received the go-ahead from shareholders for it to be taken private, after approving the selective capital reduction (SCR) and repayment exercise launched by the Wen family, who owns a 68.

KUALA LUMPUR (Feb 14): Most of the traders on Jalan Tuanku Abdul Rahman (TAR) have voiced objection to the plan by Kuala Lumpur City Hall (DBKL) to close a 1km stretch to private vehicles on the street, one of the oldest shopping districts in the city.