CMMT says planning Sungei Wang Plaza enhancement
KUALA LUMPUR (March 29): Capitaland Malaysia Mall Trust (CMMT) has budgeted some RM80 million to enhance four of its five shopping malls in Malaysia this year.
Ekovest fails to get shareholders nod for IWCity takeover
KUALA LUMPUR (March 29): Ekovest Bhd said the construction, infrastructure and property company's shareholders had not approved its proposed takeover offer of Iskandar Waterfront City Bhd (IWCity) at RM1.
IKEA mulls third Klang Valley store
JOHOR BAHRU (March 29): Swedish furniture maker IKEA is eyeing a third store in the capital of Malaysia but there is no timeline as to when the development will be announced.
Titijaya buys firm that owns Ampang land, plans RM1.5b mixed project
KUALA LUMPUR (March 28): Titijaya Land Bhd is buying shares of a loss-making privately-owned property company that owns a 27,550 sq m piece of land in Ampang here, for RM9.
Alert! PR1MA homes scam on social media
PETALING JAYA (March 28): Perbadanan PR1MA Malaysia (PR1MA) has reminded the public to beware of individuals offering to help secure PR1MA homes.
Rejection rate of housing loan applications drops below average, says Bank Negara
PETALING JAYA (March 28): The rejection rate of housing applications has declined to below the average rate of about a quarter of all cases, said Bank Negara Malaysia (BNM) in its “Financial Stability and Payment Systems Report 2017”.
Investments into the retail sector to continue in 2018
PETALING JAYA (March 28): A Knight Frank Malaysia survey showed that the retail sector is still the top commercial real estate investment this year among key players in the industry despite an oversupply of retail space in the country.
Stakeholders must collaborate to reduce severe imbalances in the retail, office segments
PETALING JAYA (March 28): The authorities, property developers, owners, and other stakeholders in the real estate sector are urged to come up with specific measures to reduce the severe imbalances in the office and shopping complex segments that threaten the rest of the economy, according to the “Financial Stability and Payment Systems Report 2017” published by Bank Negara Malaysia (BNM) today.
CIDB: Malaysia lags behind in IBS adoption
KUALA LUMPUR (March 28): Malaysia still has some catching up to do in the realm of industrialised building system (IBS) owing to issues such as construction joints, standardisation of components size and economies of scale.
Guan Eng's corruption trial posptoned to April 9
KUALA LUMPUR (March 28): The graft trial of Penang chief minister Lim Guan Eng’s (pictured) was yesterday postponed to April 9.
