News about state

DONE DEAL: Bungalow, Bukit Damansara, Kuala Lumpur DONE DEAL: Semidee, Bandar Sungai Long, Kajang Situated in the heart of Old Klang Road, Le Yuan Residence comes with a man-made beach and is adorned with a myriad of conveniences.

The commission said the imposition of fixed conveyancing fees is inconsistent with the fact that litigation fees in Malaysia do not follow fixed rates.

We believe that NBES is a very impactful project which will contribute significantly towards expediting BIM adoption and enhance the ease of doing business in construction,” said CIDB chief executive Datuk Ahmad Asri Abdul Hamid in a press statement.

According to the SRO 2023, the changes will “affect transactions involving non-contentious matters such as the sale and purchase of movable and immovable properties, financing and tenancies”.

PAM said this is due to an alarming increase in the unnecessary felling of street trees by local governments in the Greater Kuala Lumpur region.

The research house’s view contradicts OCBC’s and UOB’s view that BNM will hold the OPR at 3% for the rest of the year, but aligns with MIDF Research's view that an increment will occur in the second half of the year.

Domestically, the central bank noted that following its strong outturn in the first quarter of the year, the local economy has since expanded at a more moderate pace as exports were weighed down by slower external demand in line with expectations.

BNM’s latest OPR decision follows the 25 basis point (bps) hike in May as it moved to further normalise monetary policy in line with resilient domestic growth prospects.

“Right now, under the current act (law), we have to get 100% consent from the residents (of the identified projects) to implement a redevelopment [plan], which is not possible… We will be coming out with a new act soon, to speed up the progress of the redevelopment projects.

Tan has served as a board member in the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEAP), in which time he has held the role of chair of the Estate Agency Practice Committee (EAPC).