Axis REIT to buy property in Johor for RM65m cash
KUALA LUMPUR (Oct 15): Axis Real Estate Investment Trust (REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash, from Rancak Beta Sdn Bhd.
Shafee accuses Shahrol of being in cahoots with Jho Low
KUALA LUMPUR (Oct 15): Lead defense counsel Tan Sri Muhammad Shafee Abdullah has alleged former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi had conspired with alleged “puppetmaster” Low Taek Jho to obstruct an audit by the National Audit Department (NAD) into the state-owned fund in 2010.
Apex court to decide tomorrow if Sri Ram, govt can appeal against leave to challenge 1MDB-Tanore lead prosecutor appointment
KUALA LUMPUR (Oct 14): The Federal Court in Putrajaya is expected to decide tomorrow whether appointed senior Deputy Public Prosecutor (DPP) Datuk Seri Gopal Sri Ram (pictured), the Attorney General's Chambers (AGC) and the government can appeal against the appellate court's decision that granted leave to Datuk Seri Najib Razak and lawyer Tan Sri Muhammad Shafee Abdullah to challenge the appointment of Sri Ram as a prosecutor in the case.
Landmark court decision: Charge according to fixed formula for all in mixed-use property
PETALING JAYA (Oct 14): It is welcomed news for those owning properties in mixed development projects where they have to pay different rates of maintenance or service charges.
Lower threshold for foreign buyers: Rehda dismisses claims developers will raise prices
KUALA LUMPUR (Oct 14): The Real Estate and Housing Developers’ Association (Rehda) has dismissed claims that a lowering of the threshold for foreigners to buy property from RM1 million to RM600,000 would lead to developers raising their prices, reported Free Malaysia Today.
1MDB forfeiture suit: Photos of items seized to be shown to Najib, Rosmah for identification
KUALA LUMPUR (Oct 14): Coloured photographs of the items seized in the 1Malaysia Development Bhd (1MDB) civil forfeiture suit against former prime minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor will be shown to them to be identified.
PDC to 'step up' monitoring of affordable housing projects: Jagdeep
GEORGE TOWN (Oct 14): The Penang Development Corp (PDC) will “step up” its monitoring of the state’s affordable housing projects “to ensure they are in tip-top condition”, said state local government committee chairman Jagdeep Singh Deo.
Insurance instead of security deposits for tenants
As property values have skyrocketed beyond the means of many ordinary citizens of many countries, and as even paying for the deposits required for renting a property becomes a burden that many cannot carry, the question that one individual has answered is: how do you make rental housing more affordable? A start-up has managed to make things cheaper immediately, by eliminating the security deposit.
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Mammoth Empire sells 61-acre tract in Damansara Perdana to Exsim Development for RM760m: Report
KUALA LUMPUR (Oct 14): Mammoth Empire Holding Sdn Bhd (MEH) has sold a 61-acre tract in Damansara Perdana, Selangor, to Exsim Development Sdn Bhd for RM760 million, reported The Edge Malaysia based on government documents.
Great toll deals for Gamuda but valuations have run ahead of fundamentals: AmInvesment
KUALA LUMPUR (Oct 14): AmInvestment Bank Bhd has maintained its "underweight" call on Gamuda Bhd at RM3.
