Now a tenants’ market, will Wangsa Maju and Setapak property keep its shine?
A favourite with students, Wangsa Maju and Setapak in Selangor have always enjoyed good rental yields of 4% to 6%.
Platinum Victory focuses on affordable type projects including a JV with Jakel this year
KUALA LUMPUR (March 4): Platinum Victory Sdn Bhd plans to launch a few competitively priced projects in Setapak this year, namely Platinum Casa Danau, The Ark by Platinum and mixed development J.
Sunway Property sets RM1.6b sales target for 2021, expects a better year ahead
PETALING JAYA (March 4): Sunway Property, the property division of Sunway Bhd, is eyeing to achieve sales of RM1.
BNM keeps OPR at 1.75%, as expected
KUALA LUMPUR (March 4): Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.
Malaysian Association of Hotels welcomes relaxation of restrictions on business travellers
PETALING JAYA (March 4): The Malaysian Association of Hotels (MAH) has welcomed the move by the government to allow business travellers into the country with the relaxation of restrictions on business travellers, The Star reported today.
Paramount sets higher property sales target of RM1b for 2021, sees low interest environment as a boon
KUALA LUMPUR (March 3): The current low interest rate environment bodes well for the property market due to lower borrowing costs, says Paramount Corp Bhd group chief executive officer Jeffrey Chew (pictured).
Genting Malaysia’s senior management takes temporary voluntary 20% salary cut, asks staff to consider variation in employment contract based on rank
KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.
LBS founder retires, Lim Hock San appointed as chairman
PETALING JAYA (March 1): LBS Bina Group Bhd has appointed managing director Tan Sri Lim Hock San to succeed Datuk Seri Lim Bock Seng as the group’s executive chairman, effective today.
Advancecon’s 30%-owned associate bags RM153.5m earthworks project in Bintulu, Sarawak
KUALA LUMPUR (March 1): Earthworks and civil engineering services specialist Advancecon Holdings Bhd said its 30%-owned Advancecon Sarawak Sdn Bhd had bagged its single-largest contract worth RM153.
Federal Court rules govt officials can sue for defamation in Guan Eng case against Perkasa's Ibrahim Ali
PUTRAJAYA (Feb 26): The Federal Court today ruled that a government official can sue for defamation in his or her official capacity, in a suit brought by Lim Guan Eng against Perkasa.
