KUALA LUMPUR: Transactions within the residential property sub-sector is likely to see flattish growth in 2016 as buyer sentiment continues to remain subdued this year. CH Williams Talhar & Wong’s (WTW) managing director Foo Gee Jen (pic) said he expected to see a drop in residential property value and transaction volume this year compared with … Read more
KUALA LUMPUR: Excerpts of exclusive interview with 1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda. Question: Can you share a little bit more on 1MDB’s rationalisation plan? What is the company’s current liabilities and assets after it sold its 60 per cent stake in Bandar Malaysia? Answer: If we look back at … Read more
MALACCA, Jan 11 — The Malacca State Government and its agencies will upgrade and build several new buildings in the town centre to set up the Hang Tuah Trade Centre in a bid to boost economic activities in the area. Chief Minister, Datuk Seri Idris Haron, said the 30- 40-hectare project will be in the … Read more
GEORGE TOWN: The Malaysian property market is generally expected to remain stable in 2016 but could see a dip of 5-6% compared with 2015 based on the market trend that has been seeing gradual decreases since the second quarter of 2014. According to Raine & Horne International senior partner Michael Geh, the first half of 2016 … Read more
CONSTRUCTION of affordable housing are among the focus of a five-year strategic plan which the Penang Development Corporation (PDC) has drawn up for 2016-2020. Chief Minister and PDC chairman Lim Guan Eng said the building of such homes would increase house ownership among the people. He said there would also be redevelopment of certain commercial, … Read more
BATU PAHAT, Jan 7 — The Malay Chamber of Commerce Malaysia (DPMM) has been urged not to be influenced by opposition claims that the sale of 1Malaysia Development Bhd’s (1MDB) stake in Bandar Malaysia to a Chinese firm could sacrifice national sovereignty. In making the call, Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said … Read more
KUALA LUMPUR: AmanahRaya-REIT Managers Sdn Bhd, which manages AmanahRaya Real Estate Investment Trust, has appointed Noorbaizura Hermeyney as chief operating officer (COO) effective Jan 7. The company told Bursa Malaysia that Noorbaizura, 36, had been its acting principal officer following the resignation of the previous COO Adenan Md Yusof on June 6, 2015. (The company … Read more
PUTRAJAYA: The 2016 Budget will be adjusted soon, taking into account the current global economic developments. Announcing this today, Prime Minister Datuk Seri Najib Razak said the strengthening of the US dollar, plummeting oil prices and major commodities, as well as the shrinking of major economies such as China, were among the factors taken into … Read more
PETALING JAYA, Dec 5: The recent sale of a 60% stake in Bandar Malaysia to a Malaysia-China consortium is a boost for local property market sentiment in the new year, with significant positive implications, according to AmResearch. On Dec 31, 2015, 1Malaysia Development Bhd announced that Iskandar Waterfront Holdings Bhd (IWH) and China Railway Engineering Corp … Read more
GEORGETOWN, Jan 5— The annual three- day Penang International Property Summit will be held at the Subterranean Penang International Convention and Exhibition Centre from Jan 8 to Jan 10. The summit would showcase 30 exhibitors and a conference on Jan 8 where 200 industry stakeholders are expected to attend. State Housing and Town and Country … Read more