News about la

MALAYSIAN real estate investment trusts (MREITs) may step up acquisitions this year as the rental reversion cycle peaked in 2014, which helps with asset valuations said Malaysian REIT Managers Association chairman Datuk Stewart LaBrooy (pictured).

Sold for: RM1.

KUALA LUMPUR (Jan 14): The Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan has warned that his ministry would most likely to be affected by the impending cut in Budget 2016.

PETALING JAYA (Jan 14): Building managers can register themselves with the Commissioners of Buildings (COB) for now, while the Ministry of Urban Wellbeing, Housing and Local Government is working towards the formation of a Board of Building Managers (BBM).

KUALA LUMPUR (Jan 14): Tower Real Estate Investment Trust (REIT) would incorporate RM7.

KUALA LUMPUR (Jan 13): A DAP lawmaker today hit out at trustees of the Vivekananda Ashram in Brickfields, saying they are more concerned about the commercial gains in developing the site rather than preserving the over century old landmark.

GEORGE TOWN (Jan 13): The State Land and Mines Office has been instructed not to authorise any land transactions involving 1Malaysia Development Bhd (1MDB) without the state's prior approval.

KUALA LUMPUR (Jan 13): A new entity formed via a joint venture between UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET), and Township Management Services Sdn Bhd (TMS) — which is a wholly-owned subsidiary of Medini Iskandar Malaysia Sdn Bhd, will kick off its township management services this year, specifically for building owners and residents of Medini and Iskandar Puteri (formerly known as Nusajaya) townships in the Iskandar Malaysia region in Johor Bahru.

HALFWAY through our interview with MyHSR Corp Sdn Bhd CEO Mohd Nur Ismal Mohamed Kamal (pictured), a young aide makes his way into the office apologetically and hands his boss a stack of papers.

GEORGE TOWN (Jan 12): The land owner is not allowed to build homes on the illegally cleared Bukit Relau hilltop in Penang, even if the area has been rezoned as residential land.