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KUALA LUMPUR (May 13): The flood retention pond capacity in the capital is now estimated at only about 30% of its original size following the reduction of the Jinjang and Batu flood retention ponds due to development on 17 land lots.

PETALING JAYA (May 13): A Penang state assemblyman has proposed a 3% property transfer premium on buyers who are not from the state, in a bid to cool speculative demand and channel funds into affordable housing schemes for locals.

KUALA LUMPUR (May 13): Bursa Malaysia Securities Bhd has publicly reprimanded Ireka Corporation Bhd and fined seven of its directors a total of RM425,000 for breaching Main Market Listing Requirements.

PETALING JAYA (May 13): The Real Estate and Housing Developers' Association (Rehda) Malaysia has expressed support for the proposed introduction of an “Option to Purchase” (OTP) clause under the new Real Property Development Act, which is expected to replace the current Housing Development (Control and Licensing) Act 1966 (Act 118).

KUALA LUMPUR (May 13): The Kuala Lumpur City Hall (DBKL) has successfully reduced flood and waterlogging hotspots across the city from more than 30 previously to only 14 through drainage upgrades and mitigation projects.

Anggerik Mokara, Selangor factory sold for RM18.

PETALING JAYA (May 12): Metronic Global Bhd is disposing of a freehold industrial property in Shah Alam for RM9.

PETALING JAYA  (May 12): UOA Development Bhd has confirmed the formal rescission of three sale and purchase agreements (SPAs) involving the proposed RM200 million sale of commercial properties to UOA Real Estate Investment Trust (UOA REIT), after unitholders voted down the deal.

PETALING JAYA (May 12): Despite a challenging global environment, Malaysia stands on comparatively firm footing.

PETALING JAYA (May 12): Trinity Group Sdn Bhd has marked the topping out of Trinity Rainfora, its rainforest-inspired transit-oriented development in Bandar Kinrara, Puchong, Selangor.