News about bumiputera

PHBAM, the wholly-owned subsidiary of Pelaburan Hartanah Bhd (PHB), is replacing Maybank Asset Management Sdn Bhd (MAM) as the manager for AHB fund.

The cutting of blanket diesel subsidies has increased the cost of construction materials like quarry products and ready-mix concrete, indirectly affecting the industry, as the majority of construction contracts are fixed-price lump sums, said MBAM and PKBM in a joint statement on Thursday.

“PHBAM’s primary objective aligns closely with PHB’s mandate of increasing the capacity and wealth of Bumiputera through commercial real estate ownership.

If the lease size exceeds 50 acres (20.

Consequently, this has led to “a number of unintended consequences”, the first of which is the increased number of completed but unsold units, which Tong said is incorrectly labelled as “overhang”.

LPHS and the Selangor Land and Mines Office (PTGS) are supposed to monitor the sale under the bumiputera quotas (median 40% imposition in Selangor) with a bumi discount of 7% of the sale and purchase agreement price vis-a-vis residential per se irrespective landed or stratified.

“The Selangor Land and Mines Office (PTGS) is refusing to release the titles unless we pay a 12% penalty.

Clearly, it is at the state and local authorities that improvements will go a long way towards containing home prices.

“Kita perlu mendidik pasaran kerana kedua-dua pembeli dan penjual perlu dimaklumkan tentang apa yang sedang berlaku, apakah lokasi pilihan terbaik dan sebagainya.

KUALA LUMPUR (Feb 20): Three out of the four foreign hypermarket players in the country “have yet to meet the local shareholder requirement”, The Edge reported this week.