Demand outstrips supply of auction properties
THE supply of foreclosed properties up for auction has dropped as banks have foreclosed on fewer homes since 2012, according to several property auctioneers.
10-year Genting masterplan spurs property development and values
WITH its spring-like weather, integrated resort development Genting Highlands (also known as Resorts World Genting) is both a popular getaway for city folks and a tourist hub.
MBAM, trade partners discuss issues relating to foreign workers
PETALING JAYA (Sept 18): The recent increase in the minimum wages for Indonesian workers in the construction sector was not timely, according to Master Builders Association Malaysia (MBAM).
Eco World rises 6.85% on RM9.39 million net profit news
GEORGE TOWN (Sept 18): Property developer Eco World Development Group Bhd grew 6.
Call to establish land tribunal to regulate sale and purchase of Malay reserve land
KUALA LUMPUR (Sept 18): The government should establish a Land Tribunal to regulate the sale and purchase of land, especially Malay reserve land, according to Dewan Negara president Tan Sri Abu Zahar Ujang (pictured).
DONE DEAL: Reed @ Lake Fields, Sungai Besi
Rented for: RM3,400 per month Concluded by: C N Liew of GS Realty (014-2270307) When: June, 2015 Noteworthy: * 1,920 sq ft land area * 3,300 sq ft built-up * Current asking price is RM1.
Glomac sees flattish 1Q profit amid soft property market
KUALA LUMPUR (Sept 17): Glomac Bhd’s net profit for the first quarter ended July 31, 2015 (1QFY16) came in almost flat at RM21.
EcoWorld's 3Q net profit comes in at RM9.4 mil
KUALA LUMPUR (Sept 17): Eco World Development Group Bhd (EcoWorld) has posted a net profit of RM9.
Pavilion REIT to acquire da:mén USJ shopping mall for RM488mil
KUALA LUMPUR (Sept 17): Pavilion Real Estate Investment Trust (REIT) has proposed to acquire da:mén USJ shopping mall for RM488 million.
Management, residents at loggerheads over fees in Ayer Itam
GEORGE TOWN (Sept 17): A property management agent has agreed to review its proposed hike in maintenance fees for five blocks of flats from Desa Mawar in Ayer Itam, near here, following objections from the residents.
