YTL Corp buys The Westin Perth hotel for A$200m

KUALA LUMPUR (Jan 30): YTL Corp Bhd has bought The Westin Perth for over A$200 million (RM591 million), one of the biggest hotel sales in the West Australian capital, according to the Australian Financial Review (AFR).

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Happy ending to Genting-Wynn dispute

KUALA LUMPUR (Jan 30): Resorts World Las Vegas (RWLV) (pictured) and Wynn Resorts Holdings LLC jointly announced on Monday that they have reached a settlement agreement on a dispute involving trade dress and copyright infringement claims surrounding the design of the US$4 billion (RM16.

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It’s not a wage problem, houses are just too expensive

  PETALING JAYA (Jan 30): To resolve the property supply and demand mismatch in Malaysia, Khazanah Research Institute (KRI) director of research Dr Suraya Ismail opined that housing prices just need to be within the average wage earners’ affordability level.

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Developers foresee dark times due to glut, worse than 1999 crisis

GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.

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Rehda: Developers could work more closely with KPKT under new National Housing Policy

PETALING JAYA (Jan 29): Malaysia’s new National Housing Policy (Dasar Perumahan Negara/DRN) 2018-2025 provides  property developers with more clarity on the  possible ways the private and public sector can work together to resolve the market mismatch issue in the country, said Real Estate and Housing Developers’ Association Malaysia (Rehda) President Datuk Soam Heng Choon.

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