Should you opt out of the loan deferment?

Bank Negara Malaysia (BNM), on March 24, 2020, announced an automatic six-month moratorium on all bank loans starting from April 1, to assist borrowers who are facing temporary financial difficulties due to the COVID-19 outbreak.

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Kossan’s unit sells land for RM153m

KUALA LUMPUR (April 2): Kossan Rubber Industries Bhd’s wholly-owned subsidiary Ideal Quality Sdn Bhd (IQ) is selling an estimated 39ha (390,397 sq metres) vacant freehold industrial land in Kuala Langat, Selangor for RM153.

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DONE DEAL: Office unit, Plaza Sentral, Kuala Lumpur

Sold for: RM2 million (around RM736 psf) Concluded by: Carmen Lee (REN 12639) (012-207 3989) of Reapfield Properties (HQ) Sdn Bhd When: February 2020 Noteworthy: ● Freehold  ● Mid-floor unit with built-up of 2,715 sq ft ● Fully-furnished ● Located within KL Sentral and walking distance to NU Sentral Shopping Centre  ● Easy access to main roads and highways such as Jalan Damansara, Jalan Travers, Jalan Syed Putra and Lebuhraya Sultan Iskandar, around 10km to KL city centre and 5km from Mid Valley Read also DONE DEAL: Office unit, Solaris Dutamas, Kuala Lumpur DONE DEAL: Office lot, Oasis Square, Ara Damansara, Petaling Jaya, Selangor Developed by Malaysian Resources Corp Bhd (MRCB), the master developer of KL Sentral transit-oriented development, Plaza Sentral is a MSC Cybercentre-status office and is home to IT businesses and fintech start-ups.

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