Cap on govt guarantee needed: AG
KUALA LUMPUR (Oct 15): Auditor-General (AG) Datuk Nik Azman Nik Abdul Majid has urged Putrajaya to impose a ceiling on guarantees the government is allowed to provide.
Agile Embassy Garden to transform the skyline of KL's Embassy Row
PETALING JAYA (Ocy 15): Agile Property Development Sdn Bhd will be unveiling its third project in Malaysia, Agile Embassy Garden in Jalan Ampang, Kuala Lumpur soon.
Axis REIT to buy property in Johor for RM65m cash
KUALA LUMPUR (Oct 15): Axis Real Estate Investment Trust (REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash, from Rancak Beta Sdn Bhd.
Shafee accuses Shahrol of being in cahoots with Jho Low
KUALA LUMPUR (Oct 15): Lead defense counsel Tan Sri Muhammad Shafee Abdullah has alleged former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi had conspired with alleged “puppetmaster” Low Taek Jho to obstruct an audit by the National Audit Department (NAD) into the state-owned fund in 2010.
Apex court to decide tomorrow if Sri Ram, govt can appeal against leave to challenge 1MDB-Tanore lead prosecutor appointment
KUALA LUMPUR (Oct 14): The Federal Court in Putrajaya is expected to decide tomorrow whether appointed senior Deputy Public Prosecutor (DPP) Datuk Seri Gopal Sri Ram (pictured), the Attorney General's Chambers (AGC) and the government can appeal against the appellate court's decision that granted leave to Datuk Seri Najib Razak and lawyer Tan Sri Muhammad Shafee Abdullah to challenge the appointment of Sri Ram as a prosecutor in the case.
G3 says yet to receive decision from TPM on bid for land to develop AI park
KUALA LUMPUR (Oct 14): G3 Global Bhd said it has submitted a tender offer to Technology Park Malaysia for the development of a piece of land there, but has yet to receive any official decision on the matter.
Landmark court decision: Charge according to fixed formula for all in mixed-use property
PETALING JAYA (Oct 14): It is welcomed news for those owning properties in mixed development projects where they have to pay different rates of maintenance or service charges.
Lower threshold for foreign buyers: Rehda dismisses claims developers will raise prices
KUALA LUMPUR (Oct 14): The Real Estate and Housing Developers’ Association (Rehda) has dismissed claims that a lowering of the threshold for foreigners to buy property from RM1 million to RM600,000 would lead to developers raising their prices, reported Free Malaysia Today.
PDC to 'step up' monitoring of affordable housing projects: Jagdeep
GEORGE TOWN (Oct 14): The Penang Development Corp (PDC) will “step up” its monitoring of the state’s affordable housing projects “to ensure they are in tip-top condition”, said state local government committee chairman Jagdeep Singh Deo.
Insurance instead of security deposits for tenants
As property values have skyrocketed beyond the means of many ordinary citizens of many countries, and as even paying for the deposits required for renting a property becomes a burden that many cannot carry, the question that one individual has answered is: how do you make rental housing more affordable? A start-up has managed to make things cheaper immediately, by eliminating the security deposit.
