PETALING JAYA (June 2): The 486-acre Bandar Malaysia development in Sungai Besi, which was to house the terminus of the recently-stopped Kuala Lumpur-Singapore high-speed rail (HSR) line, is still attractive thanks to its strategic location and two future mass rapid transit (MRT) stations coming up there, reported The Edge weekly.
KUALA LUMPUR (June 1): UEM Sunrise Bhd, which had in January engaged London-based Atkins as the master planner for Gerbang Nusajaya’s transit-oriented development (TOD) plot, will reconsider its plan following the government’s decision to scrap the Kuala Lumpur-Singapore high-speed rail (HSR) project.
PETALING JAYA (May 31): The Kuala Lumpur Federal Territory Director of Land and Mines Office has been ordered to freeze all transactions involving transfers of land owned by Dewan Bandaraya Kuala Lumpur (DBKL) since May 10, said director Sharez Izuan Md Zaidi.
PETALING JAYA (May 31): The cancellation of the Kuala Lumpur-Singapore high-speed rail (HSR) project will only have a light impact on Iskandar Puteri’s property market in the medium part, as it is only a positive point to upcoming projects in the region.
KUALA LUMPUR (May 31): Commercial banks in Malaysia will reduce the goods and services tax (GST) rate to 0% tomorrow (June 1), from 6% at present.
KUALA LUMPUR (May 31): Boustead Holdings Bhd returned to the black in the first quarter ended March 31, 2018 (1QFY18) after posting a net profit of RM6.
KUALA LUMPUR (May 31): The cancellation of the third mass rapid transit line (MRT3) has caught investors by surprise and subsequently precipitated another broad market meltdown, which had fallen by the biggest single-day drop since 2008, according to UOB Kay Hian Securities (M) Sdn Bhd.
PUTRAJAYA (May 30): The government is scrapping the third mass rapid transit line (MRT3) project, which is estimated to cost up to RM40 billion to build, Prime Minister Tun Dr Mahathir Mohamad said today.
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