Halim wants Gamuda’s toll concessions, on top of PLUS
KUALA LUMPUR (Oct 31): The competition for toll roads is heating up.
Guocoland sees sixth consecutive quarter in the red
KUALA LUMPUR (Oct 30): Guocoland (Malaysia) Bhd, the property development arm of Hong Leong Group, reported a widened net loss of RM10 million for the first quarter ended Sept 30, 2019 (1QFY20) versus its net loss of RM1.
Rehda Selangor in favour of lower foreign buyer threshold
PETALING JAYA (Oct 30): The Selangor branch of Real Estate and Housing Developers’ Association (Rehda) is in favour of the state reducing the threshold price for foreigners buying high-rise properties, and is currently in discussions with the state government, according to its chairman Zulkifly Garib.
DONE DEAL: 1½-storey industrial unit, Taman Perindustrian Sungai Penaga, Subang Jaya, Selangor
Sold for: RM970,000 (average RM365.
Malaysia Airlines inks wide-ranging partnership agreement with Singapore Airlines
KUALA LUMPUR (Oct 30): Malaysia Airlines Bhd (MAB) has inked a wide-ranging commercial agreement with Singapore Airlines (SIA) to share revenue on flights between Singapore and Malaysia, expand codeshare routes and participate in joint marketing activities to develop tourism.
Zuraida: HOC will not integrate with MM2H
PETALING JAYA (Oct 30): The government has no plans to integrate the Malaysia My Second Home (MM2H) programme with the Home Ownership Campaign (HOC) as the two schemes have different objectives, said the Housing and Local Government (KPKT) Minister Zuraida Kamaruddin.
Developer calls for different approach to affordable housing
PETALING JAYA: A property developer said the government should address the issue of affordable housing by driving the construction of housing and renting out of units, Free Malaysia Today (FMT) reported today.
Mohd Khairudin Abdul Halim leads JPPH, BOVAEP
PETALING JAYA (Oct 30): Mohd Khairudin Abdul Halim has been appointed the director general of valuation and property services of the Department of Valuation and Property Services (JPPH) and the president of the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).
Government has no right to subject Kg Baru land to compulsory acquisition, says Ismail Sabri
KUALA LUMPUR (Oct 30): Compulsory acquisition cannot be applied to Kampung Baru land, said Opposition Leader Ismail Sabri Yaakob, based on the Land Acquisition Act.
IDEAS: Developers can rent out unsold homes
PETALING JAYA (Oct 30): The Institute for Democracy and Economic Affairs (IDEAS) has suggested to developers that they can try renting out unsold homes since there is a property overhang situation, reported Free Malaysia Today (FMT).
