News about property

  KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.

S P Setia Bhd (March 9, RM3.

PETALING JAYA (March 10): Mammoth Empire Holdings Sdn Bhd (MEH) has decided to divide its 64-acre parcel earmarked for Empire City Damansara 2 (ECD2) along the Damansara-Puchong Highway here into smaller plots to be sold, developed in joint ventures or both, said its group executive director Datuk Danny Cheah.

KUALA LUMPUR (March 7): The KL central business district (CBD), KL fringe and decentralised areas within the Greater Kuala Lumpur office market are expected to perform differently this year, as various factors drive demand for certain locations more than others, according to JLL Property Services (Malaysia) Sdn Bhd international real estate agent James Short.

KUALA LUMPUR (March 7): The Ministry of Finance (MoF) has taken back control of The Exchange 106 skyscraper at the Tun Razak Exchange (TRX) here, after buying a 51% stake in Mulia Property Development Sdn Bhd, which is developing the 3.

KUALA LUMPUR (March 2): The Malaysian Institute of Estate Agents (MIEA) has urged the public to use the services of registered real estate agents or negotiators to help develop and strengthen the industry.

KUALA LUMPUR (March 1): Plastic parts manufacturing and property development company Acme Holdings Bhd saw 19.

KUALA LUMPUR (Feb 28): Property developer Selangor Properties Bhd (SPB) anticipates the local property market to remain soft this year against the backdrop of the impending 14th general election (GE14), which causes uncertainties in the market.

KUALA LUMPUR (Feb 27): UEM Sunrise Bhd said today Raymond Cheah Ho Chee will cease as chief operating officer of the property developer upon the completion of his employment contract tomorrow (Feb 28, 2018).

KUALA LUMPUR (Feb 27): Sime Darby Property Bhd (Sime Prop) is currently in talks with one or two partners to develop the Malaysia Vision Valley (MVV).