News about property

KUALA LUMPUR (June 26): Rumours about the impending resignation of Permodalan Nasional Bhd (PNB) chairman Abdul Wahid Omar (pictured) are swirling again.

KUALA LUMPUR (June 26): Non-bank lender Malaysia Building Society Bhd (MBSB) aims to convert its conventional assets worth about RM1 billion, which makes up about 10% of its assets, to Islamic assets over the next two years, as part of its plans to becoming an Islamic bank.

KAJANG (June 25): Keretapi Tanah Melayu Bhd's (KTMB) RM6 billion property development projects planned on three parcels of land at the Klang, Shah Alam and Bangi KTM stations were delayed due to the longer-than-expected tendering process between KTMB and Railway Assets Corp (RAC), said KTMB CEO Mohd Rani Hisham Samsudin.

KUALA LUMPUR (June 22): State-owned fund manager Permodalan Nasional Bhd (PNB) has declined to comment on reports that its chairman Tan Sri Abdul Wahid Omar will be resigning early next month.

SHAH ALAM (June 21): Residents of Bukit Bayu in Section 10, Shah Alam are trying to halt a potential development in an estimated five to six hectares (12 to 15 acres) of forested area in Bukit Cerakah.

PETALING JAYA (June 21): Tan Sri Abdul Wahid Omar may resign from his positions as chairman of Permodalan Nasional Bhd and Sime Darby Property Bhd, reported The Malaysian Reserve.

PETALING JAYA (June 20): The Penang government will keep its ceiling on low-cost, low-medium-cost and affordable housing, said state housing exco Jagdeep Singh Deo.

KUALA LUMPUR (June 19): Y&G Corp Bhd has withdrawn plans to buy two adjacent parcels of freehold land totalling 23.

Scientex Bhd (June 14, RM6.

KUALA LUMPUR (June 14): Property developer Country Heights Holding Bhd has identified new areas that are complementary to its existing business to venture into, according to its founder Tan Sri Lee Kim Yew.