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PUTRAJAYA (Jan 30): The Malaysian government expects to be able to recover the first tranche of funds that have been stolen through 1Malaysia Development Bhd (1MDB) within this year, according to Finance Minister Lim Guan Eng (pictured).

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).

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.

KUALA LUMPUR (Jan 30): The glut in homes priced below RM300,000 is due to their “wrong” locations, reiterates the National House Buyers’ Association (HBA).

PETALING JAYA (Jan 30): A mysterious liquid dripping through the ceiling of a flat turned out to be blood, reported the Straits Times.

  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.

PETALING JAYA (Jan 30): The National House Buyers’ Association (HBA) has come up with a suggestion to fix the overhang problem of residential properties in the affordable pricing range: rent them out.

PUTRAJAYA (Jan 30): Amid the slew of financial scandals seen since the change in regime last year, such as the ones involving 1Malaysia Development Bhd, Lembaga Tabung Haji and the Federal Land Development Authority, the Pakatan Harapan government yesterday launched a five-year action plan to stem similar misdeeds in the future.

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.

PETALING JAYA (Jan 29): Gamuda Bhd is ready to provide support to property developers and the government with the company’s digital robotic industrialised building system (IBS) technology to build and deliver new affordable homes for Malaysia in line with the new National Housing Policy.