MyDeposit’s scheme bears fruit
PETALING JAYA (Jan 20): The My First Home Financing Scheme (MyDeposit) — which first opened in April 2016 — has seen some of its applicants finally moving into their homes.
MTD Capital to build RM1.77b ‘Putrajaya’ in the Philippines
PETALING JAYA (Jan 20): Infrastructure group MTD Capital Bhd will be developing a national government administrative centre (NGAC) modelled after Putrajaya on 60ha of land at New Clark City in the Philippines, reported The Edge weekly.
Penang tunnel probe: 'Datuks' released on bail
PUTRAJAYA (Jan 19): The two “Datuks” held by the Malaysian Anti-Corruption Commission (MACC) (pictured) to assist investigations into alleged corruption over the Penang undersea tunnel project were released on bail today, Bernama reported.
Lawyer: Defaults on GRR schemes not unusual
PETALING JAYA (Jan 19): While there is a lack of official statistics, it is not unusual for developers or landlords to default on a guaranteed rental return (GRR) scheme payment, observed lawyer and founding partner of Chee & Associates Lai Chee Hoe.
Three local consortiums, one Chinese consortium submit tenders for MRT Circle Line
KUALA LUMPUR (Jan 19): Three Malaysian consortiums and one Chinese consortium have submitted their turnkey tenders with financing for the MRT Circle Line or MRT Line 3, said Mass Rapid Transit Corp Sdn Bhd (MRT Corp).
Current valuation for buildings at RM2.20 bil, says MQREIT
KUALA LUMPUR (Jan19): MRCB-Quill Real Estate Investment Trust (MQREIT) and MRCB Quill Management Sdn Bhd (MQM) said the current market valuation and fair value loss for investment properties for all MQREIT’s buildings of RM2.
Be wary when buying into GRR-scheme properties, says property consultant
PETALING JAYA (Jan 19): A property industry expert has advised caution when buying into properties packaged with guaranteed rental return (GRR) schemes, despite the enticement of hassle-free rental returns over a specific period.
MQREIT 4Q earnings slump to RM3.32m, proposes final gross income distribution of 4.16 sen
KUALA LUMPUR (Jan 19): MRCB-Quill Real Estate Investment Trust (MQREIT) net profit for the fourth quarter ended Dec 31, 2017 (4QFY17) slumped to RM3.
Woman tossing junk off Shah Alam flats goes viral
PETALING JAYA (Jan 19): As outrage roils over the death of a 14-year-old boy who was killed by a falling chair at a block of public housing in Pantai Dalam, a Facebook posting showing a woman allegedly throwing rubbish and unwanted furniture from some flats in Shah Alam has gone viral.
Areas to watch
Growth is an interesting process to watch — a plant, a pet, a human or even a community.
