Lack of clarity an issue in development freeze directive
PETALING JAYA (Nov 20): There is still a lot of ambiguity in the new ruling to freeze approvals for four types of developments in Kuala Lumpur, said Zerin Properties CEO Previndran Singhe.
Govt now says luxury development freeze not absolute
PETALING JAYA (Nov 20): The Cabinet directive to Dewan Bandaraya Kuala Lumpur (DBKL) to freeze approvals for luxury developments is not absolute, as projects will be evaluated on a case-by-case basis.
Sime Darby to review investment-grade rating after demerger exercise
KUALA LUMPUR (Nov 20): Sime Darby Bhd will review its investment-grade rating after spinning off its cash-generating plantation and property units, which will be separately listed on Bursa Malaysia on Nov 30.
JKG Land and BMS Organics hold ‘Go Green Live Healthy’ event
PETALING JAYA (Nov 20): JKG Land and BMS Organics held a ‘Go Green Live Healthy’ event on Saturday (Nov 18) at The ERA development located at Duta North, Jalan Segambut.
CIMB: Malaysia's move to freeze luxury property project approval 'positive'
KUALA LUMPUR (Nov 20): CIMB Investment Bank Bhd said Malaysia's move to freeze approvals for development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million here, will address the oversupply situation in the country's property market.
Rehda to issue press statement tomorrow on DBKL approval freeze
PETALING JAYA (Nov 20): The Real Estate and Housing Developers Association (Rehda) is expected to issue a statement tomorrow on the Cabinet directive to Dewan Bandaraya Kuala Lumpur (DBKL) to halt approvals for four types of developments.
MACC: Probe into FIC's Kuching hotel deal ‘in final stage’
KUALA LUMPUR (Nov 20): The Malaysian Anti-Corruption Commission (MACC) is at the final stage of its investigation into Felda Investment Corp’s (FIC) purchase of a Kuching hotel, says the organisation’s chief commissioner Tan Sri Dzulkifli Ahmad, The New Straits Times (NST) reported on Saturday.
Jaycorp expects great potential in Sabah’s construction sector
KUALA LUMPUR (Nov 20): Jaycorp Bhd sees Sabah as an ideal starting base for its construction and property development business as the state offers “tremendous potential”.
Rate hike to come on the back of a stronger ringgit
KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.
