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Ekovest managing director Datuk Seri Lim Keng Cheng, however, said there is no specific timeline for the REIT to be realised and will wait for a good time.

Our preliminary discussions with the REIT players under our coverage revealed that most of them are supportive and positive towards this new potential ruling.

To use this service, customers simply have to log into their condominium's website, which will be linked to the JomPAY service to obtain a reference number. Customers will then be redirected to their bank account where they can proceed with payment.

“Malaysia’s property market is still resilient. TTDI Segaris’ highly successful launch is a testament of the market’s healthy appetite for properties in well-established neighbourhoods,” said Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin.

What used to cost 80 sen per hour has now been hiked to RM2 for the first hour and RM3 for the second and subsequent hours.

They will be launched throughout the next 18 months.

THE debut project of a Malaysian developer has been a hit with international travellers. The Koharu Resort Hotel & Suites has been awarded the coveted Certificate of Excellence by TripAdvisor.

The group currently has two ongoing developments with the Singaporean developer, namely Sophia Hills on Mount Sophia, District 9, and Royal Square at Novena.

"We are working towards signing the MoU on July 19, 2016. We are still in the process of confirming the details," a spokesperson from Singapore's Ministry of Transport was quoted as saying.

It will be located on Beach Road (bordering the Central Business District) and close to the Marina Bay entertainment and business districts.