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.
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.
G3 says yet to receive decision from TPM on bid for land to develop AI park
KUALA LUMPUR (Oct 14): G3 Global Bhd said it has submitted a tender offer to Technology Park Malaysia for the development of a piece of land there, but has yet to receive any official decision on the matter.
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.
Putrajaya to tender out three Pan Borneo Sabah packages worth RM925m in 1Q20
KUALA LUMPUR (Oct 14): The government will be opening up RM925 million worth of packages for the Sabah portion of Pan Borneo Highway in the first quarter of next year (1Q20).
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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.
Ku Nan ordered to enter defence in graft trial
KUALA LUMPUR (Oct 14): Former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor has today been ordered by the High Court here to enter his defence for his graft trial.
Dr M: Foreigners won't get citizenship just by buying RM600,000 worth of property
LANGKAWI (Oct 14): Prime Minister Tun Dr Mahathir Mohamad today said the decision to lower the threshold on high rise property prices in urban areas for foreign ownership from RM1 million to RM600,000 was meant to reduce supply overhang of condominiums and apartments.
