BBCC phase 2 to start next year with third serviced apartment block
PETALING JAYA: The RM8.
M Summit offers elderly-friendly condos in Penang
PETALING JAYA: Penang-based M Summit Group is tapping the retirement and wellness property market segment with its Scots Pavilion condominium project in Penang.
Compensation for TTDI project should come from landowner
PETALING JAYA (Aug 9): Yayasan Wilayah Persekutuan (YWP), and not Dewan Bandaraya Kuala Lumpur (DBKL), should compensate the developer of a high-rise, high-density residential development coming up on Taman Rimba Kiara (TRK) as the former is the owner of the land, said Kuala Lumpur mayor Tan Sri Mohd Amin Nordin Abd Aziz.
Air Selangor denies SPLASH bought at 10 times its price
KUALA LUMPUR (Aug 10): Pengurusan Air Selangor Sdn Bhd has denied that the Selangor state government is paying 10 times the price to buy over water concessionaire Syarikat Pengeluar Air Selangor (SPLASH).
Latest asset buy seen to have muted impact on Axis REIT’s earnings
Axis Real Estate Investment Trust (Aug 9, RM1.
Government to present white paper on Felda’s critical cash flow problem
KUALA LUMPUR (Aug 10): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said yesterday the government had decided to present a “white paper” in the next session of Dewan Rakyat to expose the real situation of the Federal Land Development Authority (Felda), which is currently facing a critical cash flow problem.
Gamuda, KPS accept takeover offer for SPLASH
KUALA LUMPUR (Aug 10): Gamuda Bhd and Kumpulan Perangsang Selangor Bhd (KPS) announced yesterday that they have resolved to accept the state government’s offer for Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH), confirming a report by The Edge Financial Daily published on Monday.
Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge
KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
Najib: 'I can defend myself'
KUALA LUMPUR (Aug 10): Former Prime Minister and UMNO president Datuk Seri Najib Razak said UMNO does not need to defend him against the slanders made against him as he can defend himself.
Najib arrives at High Court for gag order hearing
KUALA LUMPUR (Aug 10): Former premier Datuk Seri Najib Razak (pictured) arrived at the Kuala Lumpur High Court at 8:52am today for the hearing on his application for a gag order to prevent the public from discussing the merits of his court case and criminal charges, so as to avoid a trial by media.
