Manhattan penthouse bought with stolen 1MDB fund up in the market
KUALA LUMPUR (June 26): A penthouse in Manhattan’s Walker Tower, USA, allegedly purchased with money funnelled from 1Malaysia Development Bhd (1MDB), will be put up for sale.
Two alleged 1MDB co-conspirators sent to jail in Abu Dhabi
KUALA LUMPUR (June 17): Two men linked to the 1Malaysia Development Bhd (1MDB) kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, The Wall Street Journal reported yesterday, citing a statement from the emirate’s criminal court.
Group calls for more transparent advertising guidelines for primary housing market
KUALA LUMPUR (April 26): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) is calling upon the Housing and Local Government Ministry to change primary housing market advertising regulations so that housing prices in advertisements are clearer in nature.
HK trains collide for the first time ever
HONG KONG (March 18): For the first time in almost four decades, two subway trains in Hong Kong collided.
Unprecedented property glut? Whose fault is it?
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).
Alleged 1MDB conspirator says he is a scapegoat
KUALA LUMPUR (Jan 24): Khadem Al Qubaisi, who has been detained in Abu Dhabi since 2016, claims that he is being made a “scapegoat” for the United Arab Emirates’ (UAE) role in the 1Malaysia Development Bhd (1MDB) scandal, according to The Wall Street Journal.
Seberang Perai's attracting the young
Seberang Perai on Penang mainland has gained the interest of property investors and homebuyers in recent years, made evident by the strong housing price growth recorded over the past six years.
‘Panel has 18 months to cut national debt to manageable level’
KUALA LUMPUR (Jan 16): The Prime Minister’s Office (PMO) has set up a debt and liability management committee, which is tasked with reducing the government’s debts and liabilities to a manageable level within the next 18 months.
Malaysia Vision Valley 2.0 plan unveiled for the first time
KUALA LUMPUR (Dec 14): Negeri Sembilan Menteri Besar Aminuddin Harun has unveiled a comprehensive development plan (CDP) for Malaysia Vision Valley 2.
Aloft Hotel appointed to operate in Aspen Vision City in Penang
KUALA LUMPUR (Nov 22): The joint venture (JV) between Aspen Group and IKEA Southeast Asia has signed a memorandum of understanding (MoU) with Marriott International, appointing Aloft Hotel as the hotel operator in the planned development of Aspen Vision City in Batu Kawan, Penang.
