Real estate agents lose 40% sales every year to fraudsters

KUALA LUMPUR (July 14): The Malaysian Institute of Estate Agents (MIEA) estimates that bogus agents have caused registered real estate agents to lose as much as 40% in sales last year, or about RM40 billion of the RM100 billion worth of property transactions that were carried out by “real estate agents” that year.

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Forty investors keen on Bandar Malaysia

KUALA LUMPUR (July 14): Some 40 interested parties, including local government-linked corporations (GLCs) and foreign state-owned investment firms, have submitted proposals to participate in the development of Bandar Malaysia, a property project wholly owned by 1Malaysia Development Bhd (1MDB).

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Sunway REIT stays cautious in tough environment

PETALING JAYA (July 14): Sunway REIT Management Sdn Bhd is adopting a cautious approach for its future acquisitions because of stiffer competition in the office, retail and hospitality property segments, reports The Edge Malaysia in its current issue.

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LONDON BOROUGHS: Hackney

Hackney has a gritty, edgy reputation that it still manages to hold on to, but affluence has been long been knocking at its door.

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