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PETALING JAYA (August 24): Short-term accommodation rentals of homes in the Klang Valley are being pegged as the new venue of choice for raves, wild parties which may feature drug-use, loud music and alcohol consumption.

PETALING JAYA (Aug 24): Hong Kong-listed property developer Country Garden Holdings founder and chairman Yeung Kwok Keung is confident in Malaysia’s economic prospects under the new government and plans to enlarge its investments in Malaysia, according to a report by Chinese daily Nanyang Siang Pau.

PUTRAJAYA (Aug 24): The Federal Territories (FT) Ministry has set up a special committee to study sustainable ways for Yayasan Wilayah Persekutuan (YWP) to generate its own funding, said its minister Khalid Samad.

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).

KUALA LUMPUR (Aug 24): A spokesman for Low Taek Jho, through his attorneys, issued a statement today saying the Malaysian government's immediate plan to sell the yacht Equanimity at a public auction is unlikely to get a fair market value for the asset due to the yacht's maintenance cost.

KUALA LUMPUR (August 24): S P Setia Bhd plans to launch new projects with an estimated gross development value (GDV) of RM4.

PETALING JAYA (Aug 23): National strategic Khazanah Nasional Bhd is reportedly in negotiations to sell its stakes in two property-development joint-venture companies to Temasek Holdings Pte Ltd, according to The Malaysian Reserve.

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.

KEPONG (Aug 23): Kepong MP Lim Lip Eng will lodge a report with the Malaysian Anti-Corruption Commission to investigate 19 pieces of land owned by Yayasan Wilayah Persekutuan (YWP).

KUALA LUMPUR (Aug 23): Klang residents are concerned about the road safety near a LRT construction site in their city.