PUTRAJAYA, Jan 15 — The recalibration of the Budget 2016 will focus what are considered positive by the market and the people, said Prime Minister Datuk Seri Najib Tun Razak. Najib, who is also Finance Minister, said the recalibration would include issues on the cost of living, unemployment rate, private sector boost and commodities, especially … Read more
GEORGE TOWN: Penang-based Ewein Berhad announced today that its subsidiary, Ewein Zenith Sdn Bhd has been granted the sole exclusive rights by Consortium Zenith Sdn Bhd BUCG (CZBUCG) to purchase three parcels of land measuring some 20.2 hectares or 2,178,000 square feet of land located at Bandar Tanjong Pinang for RM2.83 billion here. The company … Read more
PETALING JAYA: Hard statistics and anecdotal evidence suggest demand in the property market has continued to weaken, according to Maybank Investment Bank Research. The firm also said reported loan default cases and the rise in the number of properties up for auction pointed to a challenging market environment. “From our discussions with the bankers and … Read more
SINGAPORE, Jan 13 — The S$3.2 billion(S$1=RM3.05) Tanjong Pagar Centre in which the Employees Provident Fund (EPF) holds a 20% stake, is on schedule for completion by mid-2016. GuocoLand (Singapore) Pte Ltd’s Managing Director Cheng Hsing Yao said a wide range of tenants would be moving in progressively. “For the office space, the tenants coming … Read more
PETALING JAYA: Scanwolf Corp Bhd proposes to dispose of two parcels of commercial land in Kampar, Perak, measuring 3.72ha to The Combined Bus Services Sdn. Bhd (TCBS), for RM1.62 million. In a filing with Bursa Malaysia, Scanwolf said it consists of a disposal consideration of RM1.3 million together with an infrastructure contribution of RM324,086 to build … Read more
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
Several property firms are predicting that Thailand’s real estate market will see growth of around five to ten percent in 2016, with Greater Bangkok expected to lead the charge, reported The Nation. The government’s investment in infrastructure projects across the country is just one reason for the positive outlook this year. “When the government starts … Read more