W Hotel KL up for sale for RM360m, says report
KUALA LUMPUR (Jan 14): The W Hotel (pictured) here is up for sale with a price tag of RM360 million, according to a report by The Star.
Li Ka-shing warns against speculating in HK’s property market, says report
HONG KONG (Jan 14): Famous Hong Kong tycoon Li Ka-shing was reported to have said that slower global economic is on the way and warned about speculating in the city’s property segment.
Singapore’s Golden Mile Complex may be developed as an integrated development if conserved
SINGAPORE (Jan 14): If the collective sale of the iconic Golden Mile Complex goes through, the property may be developed as an integrated development with a gross floor area of 925,456 sq ft.
LRT 3 contractors allegedly owed RM800m, driving some subcons close to bankruptcy – report
PETALING JAYA (Jan 12): Prasarana Malaysia Bhd has not yet paid contractors of the light rail transit 3 (LRT 3) for work done up to Sept 30 last year worth RM800 million, sources told The Edge.
RPGT now a pure taxation tool, discourages long-term investment
PETALING JAYA: The revised Real Property Gains Tax (RPGT) rates that took effect from Jan 1, 2019, may lead to quicker disposals upon the fifth year of holding period as there would be no motivation for longer term investment, said a tax expert.
Govt involvement in housing market could cost taxpayers — IDEAS
KUALA LUMPUR (Jan 11): A central plan by the government to address the issue of affordable housing could lead to losses that may "fall on taxpayers' shoulders", warned the Institute of Democracy and Economic Affairs (IDEAS).
Goldman Sachs could be liable for US$5b in 1MDB scandal — report
KUALA LUMPUR (Jan 11): Goldman Sachs may be on the hook for as much as US$5 billion (about RM20.
Govt officer caught soliciting bribes by MACC with aid of contractor
PUTRAJAYA (Jan 11): After paying several bribes that were demanded, after a period of four years, one contractor had had enough and reported the matter to the MACC and proceeded to help them nab the officer.
0% interest on first RM100,000 of housing loans for bank employees
KUALA LUMPUR (Jan 10): Some 20,000 bank employees consisting of clerical and non-clerical categories from 20 banks will enjoy 0% interest on their housing loans for the first RM100,000.
National Affordable Housing Policy to be launched soon
PETALING JAYA (Jan 10): The newly established National Affordable Housing Council which held its first meeting recently, will introduce the National Affordable Housing Policy by end of the month.
