News about commercial

PETALING JAYA (April 2): A Knight Frank Malaysia survey has found that the logistics or industrial sub-sector is the top favourite commercial property segment that is expected to perform well this year in the Klang Valley and Johor while the hotel or leisure segment will continue to be favoured in Penang and Sabah.

  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.

PETALING JAYA (Nov 26): Residents living close to some 5ha of land in Section 12 here earmarked for rezoning to limited commercial institutional development from its current residential status are concerned that the change will affect the character of the neighbourhood, reported The Star.

KUALA LUMPUR (Sept 28): Federal Commercial Crime Investigation Department (CCID) director Commissioner Datuk Seri Amar Singh Ishar Singh has denied allegation that police stole RM43.

KUALA LUMPUR (Aug 30): Former prime minister Datuk Seri Najib Razak (pictured) reportedly avoided media glare when he turned up for questioning by the police this morning.

KUALA LUMPUR (Aug 24): Malaysian police today filed the first set of criminal charges against Low Taek Jho (Jho Low) and his father over money allegedly stolen from 1Malaysia Development Bhd (1MDB).

Rented for: RM68,000 per month Concluded by: Sean Inn of Propstar Realty 012-2876 600 (REN 18479) When: June 2018 Noteworthy: ● Total built-up of 26,270 sq ft ● Four floors including a roof floor ● Comes with basement car park ● Rental started in July 2018 ● Comes with an elevator According to Propstar Realty senior negotiator Sean Inn, who concluded the rental deal, the corner bungalow lot was recently rebuilt from scratch and completed in September last year.

PETALING JAYA (July 25): While the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Foo Gee Jen believed the drafting a commercial development act and streamlining housing data by introducing a data input system are laudable, his concerns lie in their enforcement and execution.

KUALA LUMPUR (July 25): The Ministry of Housing and Local Government (KPKT) national housing department director-general Jayaselan Navaratnam said the ministry is planning to draft a commercial development act as it realises the need to standardise the particular segment.

KUALA LUMPUR (July 24): Dewan Bandaraya Kuala Lumpur (DBKL) has received a proposal to convert the institutional land status of the former HELP University student accommodation to commercial, which would pave the way for the development of a mixed-use commercial building.