Court of appeal holds that Minister of Housing and Local Government is empowered to extend time for the delivery of vacant possession
The Court of Appeal in Bludream City Development Sdn.
At sneak peek, Genting Malaysia says RM3.2b Genting SkyWorlds to be opened in Feb 2022
KUALA LUMPUR (Jan 28): Genting Malaysia Bhd is reported to have told attendees at the casino and hotel operator’s pre-opening preview for the group’s estimated US$800 million (about RM3.
Henry Butcher: Property market on recovery path in 2022
PETALING JAYA (Jan 28): The Malaysian property market will show stronger signs of recovery in 2022 as the Covid-19 pandemic appears to have been brought under control with the achievement of a vaccination rate of more than 79% and the reduction in serious infection cases, according to Henry Butcher Real Estate Sdn Bhd chief operating officer Tang Chee Meng.
CBRE | WTW: Pandemic downtime used to reinvent and accumulate asset in the Klang Valley region
CBRE | WTW has launched their report on Jan 7 titled “Market Outlook 2022: Creating Resilience” which provides an insight on the market performance and market outlook for 2022, For the Klang Valley region, the report has noted that the market performance in 2021 had been subdued by the pandemic.
Nawawi Tie Leung: Major transactions in investment for 2021 increased by 117% compared with 2020
PETALING JAYA (Jan 27): Total property investment sales in the fourth quarter of 2021 (4Q21) decreased by 51% compared with 3Q21, however, 2021 saw a 117% increase in total major transactions compared with 2020, according to Nawawi Tie Leung Property Consultants Sdn Bhd 4Q21 report headlined "Gradual recovery on the back of positive economic outlook".
Jiankun enters JV for RM1.2b GDV Kampung Baru PKNS flat redevelopment
KUALA LUMPUR (Jan 27): Jiankun International Bhd has entered into a joint venture (JV) agreement with Menara Rezeki Sdn Bhd (MRSB) and Menara Rezeki Properties Sdn Bhd (MRPSB) to redevelop the Flat PKNS Jalan Tun Razak in Kampung Baru here into a mixed residential and retail development with a gross development value (GDV) of RM1.
I-Bhd, China Mobile team up to build Malaysia’s first green smart building
KUALA LUMPUR (Jan 26): I-Bhd has struck a partnership with China Mobile International (Malaysia) Sdn Bhd (CMIM) to further enhance i-City, by building the first smart green building in the country.
First LaLaport mall in Southeast Asia opens in Kuala Lumpur
PETALING JAYA (Jan 21): Mitsui Fudosan Co Ltd, a Tokyo-based real estate company, announced that its flagship project in Southeast Asia — LaLaport Bukit Bintang City Centre (BBCC) — commenced its operations on Jan 20.
Genting Malaysia says Genting SkyWorlds preparations underway; health, safety key priorities as Covid-19 lingers
KUALA LUMPUR (Jan 21): Genting Malaysia Bhd (GENM) said "preparations are underway" for the opening of the Genting SkyWorlds outdoor theme park at Resorts World Genting (RWG), a key growth initiative for the casino and hotel in Malaysia and that the health and safety of guests, employees and the community remain key priorities amid lingering Covid-19 pandemic concerns.
Govt intervention may be necessary to ease cost pressure on property development — REHDA Institute
KUALA LUMPUR (Jan 20): During the Real Estate and Housing Developers’ Association Malaysia (Rehda) Institute CEO Series 2022, property developers have urged for the government to step in to address the surging building material prices to ensure that house prices will remain stable, reported by The Star.
