News about property

KUALA LUMPUR (Jan 19): Permodalan Nasional Bhd (PNB) and the Employees’ Provident Fund (EPF) intend to buy commercial assets in Phase 2 of the Battersea Power Station (pictured) development in London for £1.

KUALA LUMPUR (Jan 17): The property market in Malaysia is expected to remain flattish for the rest of 2018, according to property consultancy CBRE|WTW Malaysia.

Sime Darby Property Bhd (Jan 16, RM1.

SHAH ALAM (Jan 17): Sime Darby Property (SD Property) plans to launch about 1,000 affordable apartment units this year under the Selangor government’s housing programme, Rumah Selangorku, by mid-2018, according to managing director (MD) Datuk Seri Amrin Awaluddin.

SHAH ALAM (Jan 16): Sime Darby Property (SD Property) announced today the entry of the Ministry of Youth & Sports in its initiative towards achieving Transformasi Nasional 2050 (TN50) aspirations through the development of the City of Elmina — a model township for the future.

PETALING JAYA (Jan 15): The 10 winners of the 11th Malaysian Property Summit 2018 have been chosen, following a contest that ran from Dec 14, 2017 to Jan 11, 2018.

PETALING JAYA (Jan 12): The newly set-up property managers registry by the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) offers the industry a “light at the end of the tunnel” as they will now be recognised and regulated by a government body, said SCM Property Services Sdn Bhd property and facilities management general Paul Richard.

PETALING JAYA (Jan 12): The overall property market has been depressed by shrinking demand and oversupply across the residential and commercial property sectors, said industry experts.

KUALA LUMPUR (Jan 11): With the amendment to the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 that was passed on Oct 17, 2017 and gazetted Jan 2, 2018, property managers are now required to register themselves with the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).

PETALING JAYA (Jan 11): OSK Property is targeting to launch three new projects this year – Ryan and Miho in Petaling Jaya, Iringan Bayu in Seremban and HIKA in Cheras, said the developer in a statement.