THE Ampang Jaya Municipal Council (MPAJ) has assured residents that road widening works in Pandan Perdana will be finished before the completion of an ongoing high-density project in the area. MPAJ public relations officer Norhayati Ahmad said the developers of the project had agreed to widen eight roads before the project is completed in 2019. … 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
JOHOR BAHRU: There are pockets of opportunities in the Johor property market, especially in Iskandar Malaysia, despite the challenging year ahead for property developers. Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling said the association was cautiously optimistic on the market outlook for 2016 “but business remains as usual for … 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, Jan 7 — AmInvestment Bank has maintained its “overweight” call on the property sector following 1Malaysia Development Bhd’s (1MDB) proposed sale of a 60% equity stake in the Bandar Malaysia project. The research house noted that based on this recent development, it estimates the implied land value for the project to be RM583 … Read more
BATU PAHAT, Jan 7– Johor will receive new investment inflow worth RM500 million from a Japanese multinational company that is interested to undertake operations based in Tanjung Langsat, near here. Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said the company was interested to operate at the industrial area which focuses on petrochemical and oleochemical … 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