News about state

The value of unclaimed estates left by the deceased since independence in Malaysia is in the region of RM60 billion, according to former Natural Resources and Environment Deputy Minister Datuk Hamim Samuri in a news report two years ago (Feb 3, 2016).

PETALING JAYA (Sept 7): The Malaysian Institute of Estate Agents (MIEA) has appointed Soma Sundram Krisnaswamy as its CEO.

KUALA LUMPUR (Sept 5): Umno Youth claimed that some homes were “missing” in Johor’s affordable housing scheme (RMMJ) but it looks like they have not even been built yet.

PETALING JAYA (Sept 4): UOA Real Estate Investment Trust (UOA REIT) is considering forming  sub-management committees (sub-MCs) for properties held under UOA REIT as this will allow the different components in mixed developments to operate independently and avoid potential disputes.

KUALA LUMPUR (August 31): IGB Bhd is undertaking an internal group reorganisation which will see its 49.

KUALA LUMPUR (Aug 29): Sime Darby Property Bhd (SDP) is targeting its recurring income segment to contribute up to 10% from its profit before interest and tax (PBIT) by 2022 or 2023 as part of the group’s strategic pillars to grow the recurring income, according to group chief financial officer Datuk Tong Poh Keow.

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.

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.

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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.