Flats in Terengganu upgraded via 1Malaysia Maintenance Fund
KUALA TERENGGANU (Feb 20): The Ministry of Urban Wellbeing, Housing and Local Government has approved the allocation of RM11 million for the upgrading of 17 medium-low and low cost flats in Terengganu since 2014 until last year.
Felda urges patience in land transfer fraud probe
PETALING JAYA (Feb 20): The Federal Land Authority (Felda) has called for patience as an investigation into the dubious land transfer of its Jalan Semarak land is underway, with the documents to retrieve the 16 parcels to be submitted soon.
JAKS dips 2.72% on filing injunction over bank guarantee to Star Media
KUALA LUMPUR (Feb 20): JAKS Resources Bhd fell 2.
Can’t afford a home? Turn to the sub-sale market
PETALING JAYA (Feb 19): As property prices increasingly escalate beyond the reach of many would-be homebuyers — as corroborated by Bank Negara Malaysia’s (BNM) latest quarterly bulletin — some experts have advised them to turn their sights to the secondary market, where homes in Kuala Lumpur priced up to RM200,000 are still available.
Beijing rolls out pay-as-you-ride scheme for elevators
PETALING JAYA (Feb 19): Beijing has begun charging users of new lifts installed in old residential apartment buildings in a trial scheme, reported the South China Morning Post.
Fire turns CNY joy to sorrow for families in fishing village
SHAH ALAM (Feb 19): Lunar New Year joy turned to anguish and sorrow when the homes of 16 families in Bagan Hailam fishing village, Port Klang went up in flames at about 10 pm last night.
Penang’s The Rice Miller project seeks saviours
PETALING JAYA (Feb 19): The receivers and managers of Asian Global Business Sdn Bhd, the developers of The Rice Miller Hotel and Residences project in George Town, Penang, are looking for white knights to rescue the project, reported The Edge weekly.
Pavilion’s Desmond Lim eyes Subang Skypark, say sources
PETALING JAYA (Feb 19): Property magnate Tan Sri Desmond Lim is allegedly planning to buy a 60% stake in Subang Skypark Sdn Bhd from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with intentions to redevelop the land surrounding Sultan Abdul Aziz Shah Airport in Subang, where the company has a long sub-lease concession agreement with Malaysia Airports Holdings Bhd (MAHB) to operate its city airport terminal and integrated commercial and business aviation hub, reported The Edge weekly.
