Axis REIT to buy property in Johor for RM65m cash
KUALA LUMPUR (Oct 15): Axis Real Estate Investment Trust (REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash, from Rancak Beta Sdn Bhd.
Dr M: Foreigners won't get citizenship just by buying RM600,000 worth of property
LANGKAWI (Oct 14): Prime Minister Tun Dr Mahathir Mohamad today said the decision to lower the threshold on high rise property prices in urban areas for foreign ownership from RM1 million to RM600,000 was meant to reduce supply overhang of condominiums and apartments.
Beware of over-enforcement
The move by the Kajang Municipal Council (MPKJ) to authorise the seizure of belongings of strata property maintenance fee defaulters of an apartment project and the subsequent auction of said chattels and movable properties has alerted the public about the severe consequences of failing to settle outstanding charges and contribution pursuant to the Strata Management Act, 2013 (SMA).
Colours and smiles at PPR Lembah Subang 1 refurbished sports courts
Yellow, red, white and blue — inspired by the colours of the Malaysian flag — the newly-refurbished multipurpose sports courts of PPR Lembah Subang 1 are giving its residents something to cheer about.
Budget 2020: A bold move to address property overhang, says Knight Frank
PETALING JAYA (Oct 12): Knight Frank Malaysia in a statement today said the federal government's Budget 2020 announcement is a bold move aimed at the overhang of condominiums and serviced apartments amounting to RM8.
Cabinet approves takeover of KESAS, LDP, Sprint and SMART Tunnel
KUALA LUMPUR (Oct 11): Finance Minister Lim Guan Eng said the Cabinet has approved the takeover of four highways in the Klang Valley, namely the Shah Alam Highway (KESAS), Damansara-Puchong Highway (LDP), Sprint Highway and the SMART Tunnel.
Malaysia's total debt, liabilities rose to RM1.17t as at end-June
Total debt, liabilities expanded to 77% of GDP, versus 75.
FLASH: Bank Negara Affordable Housing Fund: 2,840 applications amounting to RM472.7 million were received
Bank Negara Affordable Housing Fund.
Green lights for Penang Tunnel, and other mega projects among pre-Budget carrots
PETALING JAYA (Oct 10): The government is anticipated to ink the development agreement for the long-held up controversial Penang tunnel project tomorrow morning just before the Budget 2020 tabling, sources said.
Orang Asli hand over 'bribe money' from 'logging company' to MACC
IPOH (Oct 10): A group of Orang Asli handed over RM15,000 in alleged bribe money supposedly from a logging company to the Malaysian Anti-Corruption Commission (MACC) yesterday, the Star, Harian Metro and Berita Harian reported.
