PETALING JAYA (Feb 16): The lower plot ratios for property developments under the newly-gazetted Kuala Lumpur City Plan 2020 (KLCP 2020) will likely drive down the prices of development land in the capital as project densities – and consequently profitability – are reduced, reported The Edge Malaysia.
KUALA LUMPUR (Feb 13): Penang Chief Minister Chow Kon Yeow has strongly refuted claims that the cost of the state's proposed Pan Island Link 1 (PIL 1) highway has further escalated to an exorbitantly priced figure of RM9 billion as claimed.
KUALA LUMPUR (Feb 11): Property projects, which were previously granted approval in principle with a higher plot ratio than what is permitted under the newly gazetted Kuala Lumpur City Plan 2020 (KLCP 2020), are required to seek fresh approval from Kuala Lumpur City Hall (Dewan Bandaraya Kuala Lumpur, DBKL).
PUTRAJAYA (Jan 30): Amid the slew of financial scandals seen since the change in regime last year, such as the ones involving 1Malaysia Development Bhd, Lembaga Tabung Haji and the Federal Land Development Authority, the Pakatan Harapan government yesterday launched a five-year action plan to stem similar misdeeds in the future.
GEORGE TOWN (Jan 29): Non-residents of Penang are now allowed to purchase affordable homes in the state as the authorities here attempt to fix the “overhang situation”.
KUALA LUMPUR (Jan 10): S P Setia Bhd said its wholly-owned subsidiary Setia Fontaines Sdn Bhd has been advised by solicitors that the latter's acquisition of five adjoining parcels of freehold land in Penang from Boustead Plantations Bhd should be exempted from the goods and services tax (GST), based on Malaysia's tax laws.
KUALA LUMPUR (Jan 9): Boustead Plantations Bhd has filed a suit claiming RM37.
KUALA LUMPUR (Jan 8): Property consultancy Knight Frank Malaysia said the local property market has held up rather well in the second half of 2018 (2H2018) and more improvement is expected in 2019.
Kuala Lumpur (Jan 7): About 6,000 residents in Mont’Kiara have signed a petition to urge Kuala Lumpur City Hall (DBKL) to suspend the development order of a 51-storey commercial building in their neighbourhood.
A sub-district of Petaling Jaya, the city of Sungai Buloh sits within the foothills of the Bukit Lagong Recreational Forest.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
