AREA Group inks land deal with PNB
PETALING JAYA (28 August): The AREA Group of Companies (AREA) has signed a deal with PNB Development for the purchase of 212.
Ismail Bakar named as new Chief Secretary to govt
KUALA LUMPUR (Aug 28): Datuk Seri Dr Ismail Bakar, the current Treasury Secretary-General, has been appointed as the new and 14th Chief Secretary to the government, effective tomorrow.
Guan Eng: BN govt also did not return RM16.05b in excess taxes paid
KUALA LUMPUR (August 23): The new Pakatan Harapan government has revealed that excess income tax and real property gains tax paid by taxpayers totalling RM16.
New Ruling: Councillors to declare involvement in projects
PETALING JAYA (August 20): A new ruling by the Selangor government requires councillors to declare any involvement or interest they or their family members may have in projects, prior to approval from select committees at a local authority level.
房屋趣：不离不弃的房产经纪
本地艺人Ivan Teh（郑祺源）在颇有名气之时曾有机会将其演绎事业拓展至中国市场，但他在巅峰时期却决定转换跑道并留在马来西亚，开展他的新事业，也让他的人生从此不一样。 他告诉EdgeProp.
Developers hope for proposed affordable housing entity to be thorough
CYBERJAYA (Aug 16): The Real Estate and Housing Developers' Association Malaysia (Rehda) (pictured) hopes that the proposed single entity to oversee affordable housing will be different from the rest as there is more urgency now to ensure the issues faced are addressed promptly.
Damansara Realty slips into the red in 2Q as sales cost, opex weigh
KUALA LUMPUR (Aug 16): Damansara Realty Bhd slipped into the red in the second quarter ended June 30, 2018 (2QFY18) despite higher revenue, mainly due to higher cost of sales and operating expenses.
Pavilion REIT to participate in ownership of Pavilion Bukit Jalil mall
KUALA LUMPUR (Aug 14): Malton Bhd said Pavilion Real Estate Investment Trust (REIT) has agreed to participate in the ownership of its ongoing shopping mall development called Pavilion Bukit Jalil located in Bukit Jalil City here.
Latest asset buy seen to have muted impact on Axis REIT’s earnings
Axis Real Estate Investment Trust (Aug 9, RM1.
Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge
KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
