News about properties

PETALING JAYA (Sept 28): The Housing and Local Government Ministry (KPKT) is looking at absorbing properties – both on the primary and secondary markets – priced at below RM500,000 into its pool of one million affordable homes.

Rented for: RM7,000 Concluded by: Gwen Chan (REN 27371, 012-732 1113) of MIP Properties When: June 2018 Noteworthy: ● Freehold ● Built-up: 1,878 sq ft ● 3+1 bedrooms and four bathrooms ● Fully-furnished unit ● Facilities: Gymnasium, a tennis court, a half basketball court, a multipurpose hall, children’s playground, sky deck, meditation lawn and a lap pool.

GEORGE TOWN: Ivory Properties Group Bhd, which posted losses in the past two quarters, is confident of returning to profitability when three new projects in Penang come on stream.

Sold for: RM1.

KUALA LUMPUR (Aug 30): Property developer Sentoria Group Bhd has accepted two letters of awards worth a combined RM124.

KUALA LUMPUR (Aug 28): IOI Properties Group Bhd’s fourth-quarter (4Q) net profit dropped 21.

KUALA LUMPUR (Aug 16): Oriental Interest Bhd is buying a parcel of agricultural land in Bandar Kulim, Kedah, from MBAS Jaya Sdn Bhd for RM36.

PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.

PETALING JAYA (July 25): While the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Foo Gee Jen believed the drafting a commercial development act and streamlining housing data by introducing a data input system are laudable, his concerns lie in their enforcement and execution.

KUALA LUMPUR (July 25): The Ministry of Housing and Local Government (KPKT) national housing department director-general Jayaselan Navaratnam said the ministry is planning to draft a commercial development act as it realises the need to standardise the particular segment.