News about ra

KUALA LUMPUR (June 24): The government should probe Majlis Amanah Rakyat (Mara)'s three other property purchases in Australia if allegations of kickbacks in its purchase of Dudley Intenational House apartments has basis, the National Oversight and Whistleblowers (NOW) said today.

KUALA LUMPUR (June 24): The southern neighbourhoods of India’s main cities are where its high-net-worth individuals (HNWI) stay, but the extremely limited new supply of homes there has resulted in HNWIs looking towards other areas to buy luxury homes, according to real estate services firm JLL India.

KUALA LUMPUR (June 24): Mara began investigations into the multi-million ringgit purchase of a hostel in Melbourne by one of its subsidiaries two months ago, way before the matter was highlighted by an Australian newspaper, Mara chairman Tan Sri Annuar Musa said today.

KUALA LUMPUR (June 24): Prime Minister Datuk Seri Najib Razak was involved in approving Mara's purchase of the Melbourne property that was alleged to have been bought in a scam, highlighted by The Age newspaper yesterday.

KUALA LUMPUR (June 23): The Public Accounts Committee (PAC) has asked Majlis Amanah Rakyat (Mara) to explain its overpriced purchase of an apartment block in Melbourne, Australia, its chairman Datuk Nur Jazlan Mohamed said.

KUALA LUMPUR (June 23): Majlis Amanah Rakyat (Mara) chairman Tan Sri Annuar Musa today said he would issue an official statement tomorrow regarding a report by Australian daily The Age over the entity's alleged purchase of a RM65 million property in Melbourne.

KUALA LUMPUR (June 23): A “top” Mara officer, senior official and former politician have allegedly spent millions of government funds to buy an apartment block in Melbourne in a property scam, The Age newspaper said today.

KUALA LUMPUR (June 22): Three outfits — a joint venture between Naza TTDI Sdn Bhd and China’s CSR Zhuzhou Electric Locomotive Co Ltd (Naza TTDI- CSR Zhuzhou JV), a partnership involving Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd (MRCB-George Kent JV), and UEM Group Bhd — are understood to be the front runners for the role of project development partner (PDP) in the proposed RM9 billion third light rail transit line (LRT3).

KUALA LUMPUR (June 20): Gamuda Land, the property arm of Gamuda Bhd, will be launching two high-rise residential projects – one in Melbourne, Australia and the other in Kelana Jaya, Selangor, said its managing director Chow Chee Wah.

IPOH (June 19): A large portion of the "stock overhang" in the state property market are lots allocated under the Bumiputera Lot Quota Regulation, says Perak branch Real Estate And Housing Developers' Association (Rehda) chairman Tony Khoo Boon Chuan.