DBKL land transfers frozen

PETALING JAYA (May 31): The Kuala Lumpur Federal Territory Director of Land and Mines Office has been ordered to freeze all transactions involving transfers of land owned by Dewan Bandaraya Kuala Lumpur (DBKL) since May 10, said director Sharez Izuan Md Zaidi.

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KL MPs hope to retrieve 10 of the 64 dubious DBKL land plots sold

PETALING JAYA (May 30): Kuala Lumpur MPs hope to retrieve at least 10 plots of land that are still registered under the name of the Kuala Lumpur City Hall (DBKL) in the 64 parcels of land sold by DBKL under the purview of the former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor from 2013 to 2018.

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See Hoy Chan plans to inject assets into REIT?

  PETALING JAYA (March 31): Property developer See Hoy Chan Sdn Bhd — which owns and manages offices, shopoffices and Starling Mall at its flagship Damansara Uptown — may plan to set up a real estate investment trust (REIT), reported The Edge weekly.

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Stakeholders must collaborate to reduce severe imbalances in the retail, office segments

PETALING JAYA (March 28): The authorities, property developers, owners, and other stakeholders in the real estate sector are urged to come up with specific measures to reduce the severe imbalances in the office and shopping complex segments that threaten the rest of the economy, according to the “Financial Stability and Payment Systems Report 2017” published by Bank Negara Malaysia (BNM) today.

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