News about state

KUALA LUMPUR (March 25): Office and industrial real estate investment trusts (REITs) in Malaysia are unlikely to offer free rental or rebates during the Movement Control Order (MCO) period currently in place in the country due to the COVID-19 virus outbreak.

PETALING JAYA (March 25): Real estate agents and negotiators are facing challenges working from home during the Movement Control Order (MCO) period being enforced to stem the spread of the COVID-19 outbreak in Malaysia.

KUALA LUMPUR (March 20): Gamuda Bhd’s property arm Gamuda Land said today that its 548 unit executive condominium joint venture (JV) project known as OLA (pictured) in Singapore has been oversubscribed, after receiving 1,163 electronic applications from interested buyers.

KUALA LUMPUR (March 20): BDO Governance Advisory Sdn Bhd, appointed by the board committee of AirAsia Group Bhd and AirAsia X Bhd (AAX) to assist in undertaking an independent review on  corruption allegations related to the Airbus scandal against their co-founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, has given the duo the all clear.

KUALA LUMPUR (March 18): Chief Secretary to the Government Datuk Seri Mohd Zuki Ali has apologised for not inviting the leaders of Pakatan Harapan-ruled states to attend the special coordination meeting to tackle the COVID-19 outbreak yesterday.

PETALING JAYA (Mar 17):The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) and the Persatuan Perunding Hartanah Muslim Malaysia (PEHAM) have urged the public to come forward and lodge reports with the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and the police if they come across any illegal real estate brokers.

KUALA LUMPUR (March 16): Sarawak has recorded 34 confirmed cases of Covid-19 over the last three days, 29 of which are imported cases, the State Disaster Management Committee said today.

PUNCAK ALAM (March 12): The Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and the police conducted a joint raid on a real estate cooperative firm's office in Puncak Alam, Selangor today.

KUALA LUMPUR (March 9): RHB Research has reiterated its “buy” call for KLCCP Stapled Group (KLCCP Stapled), comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust, at RM8.

KUALA LUMPUR (March 5): While the attention on the Malaysian political crisis has been focused at the federal level, the political realignment has also put several state governments on the brink of change.