Rehda: End financing issue is top reason for unsold properties

PETALING JAYA (Sept 26): The Real Estate & Housing Developers' Association (Rehda), which represents over 1,000 members across Peninsular Malaysia, says today property developers remain neutral on market prospects for the rest of 2019 although they show more optimism for 2020 as the industry grapples with more unsold units.

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Najib gave Jho Low mandate to arrange TIA and 1MDB operations — ex-CEO Shahrol

KUALA LUMPUR (Sept 23): Former Terengganu Investment Authority (TIA) and later its federalised incarnation 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi described former premier Datuk Seri Najib Razak as being so close with fugitive businessman Low Taek Jho — better known as Jho Low — that he gave the Penang-born financier the mandate to plan and arrange the operations of the two entities.

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'Above affordably priced unsold property units pile up'

KUALA LUMPUR (Sept 19): Total unsold units continue to rise for residential properties priced above the maximum affordable house prices in individual states, according to Bank Negara Malaysia’s (BNM) Financial Stability Review for the first half of 2019 (1H19).

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