Large incoming supply raises credit risk of commercial properties
PETALING JAYA (March 27): Due to large incoming supply, risks are expected to remain elevated for the office space and shopping complex property segment in Malaysia.
Unsold housing units may rise further but sharp price drops unlikely
PETALING JAYA (March 27): Continuing soft market conditions and affordability issues in the country may see the level of unsold housing units rise further in the short term, however, sharp declines in house prices are unlikely, said Bank Negara Malaysia (BNM) in its Financial Stability and Payment Systems Report 2018.
Zuraida gets lots of praise from opposition lawmakers, says report
KUALA LUMPUR (March 27): In a rare sight in the Dewan Rakyat today, a number of opposition Members of Parliament “heaped praise” on Housing and Local Government Minister Zuraida Kamaruddin (pictured), according to a report from Malaysiakini.
Govt asks for RM15.5b more for development spending
KUALA LUMPUR (March 27): The Federal Government is seeking RM15.
Govt to introduce tightened rules on resale of affordable housing units, says Zuraida
KUALA LUMPUR (March 27): The government plans to introduce new rules on resale of affordable houses under the Affordable Housing Policy to control prices and ownership and to ensure the houses are utilised by only eligible applicants.
Over RM910,000 lost to conmen promising RMMJ houses
JOHOR BAHRU (March 27): More than 70 people have lost what could amount to over RM910,000 to scammers who promised to secure them Johor Affordable Homes (RMMJ).
Thai woman survives after car plunges eight floors
KUALA LUMPUR (March 27): This must be the stuff of nightmares – you lose control of your vehicle and it flies off a multi-storey car park in a death plunge.
Isa Samad withdraws discovery application in FGV suit
KUALA LUMPUR (March 27): Former Felda chairperson Tan Sri Mohd Isa Abdul Samad today withdrew his discovery application to get all the documents from FGV Holdings Bhd in the suit brought by FGV against him and 13 others over damages in relation to the acquisition of Asian Plantations Ltd (APL) in 2014.
Shah Alam eatery listed on Asia’s 50 Best Restaurants
PETALING JAYA (March 27): It is already known that Malaysian street food is increasingly getting the notice of gourmands and foodies the world over.
Foreign workers housed in gated communities irks local residents
KUALA LUMPUR (March 27): The land-scarce island of Penang has seen the issue of Multinational Corporations that have been forced to house their foreign workers within exclusive gated and guarded communities, raising the ire of locals in the neighbourhoods.
