News by Neily Syafiqah Eusoff

Households that do not own a house and are still renting were estimated to number 1.33 million families up till 2014, according to the urban wellbeing, housing and local government ministry, citing data from the Statistics Department.

Bank Negara said since 2012, the increase in house prices in the country had outstripped the rise in income levels.

In a statement, MBSB announced it has appointed Sazaliza Zainuddin as a non-independent non-executive director, and Datuk Johar Che Mat and Lynette Yeow Su-Yin as independent non-executive directors.

It also has an option to buy from its major shareholders.

Land & General Bhd’s related party transaction proposal to take over five property firms from its major shareholder, Malaysia Land Properties Sdn Bhd, for RM344 million cash has caught the Minority Shareholder Watchdog Group’s attention as questions remain over the deal.

The East Coast Rail Link (ECRL) is capable of boosting gross domestic product (GDP) growth by about 1.5% for the three states — Pahang, Kelantan and Terengganu — in the East Coast, says Prime Minister Datuk Seri Najib Razak.

YTL Corp Bhd’s wholly-owned subsidiary YTL Hotels & Properties Sdn Bhd has expanded its assortment of luxury properties in the United Kingdom, with the acquisition of the Threadneedles Hotel in London.

The Malaysian construction sector is expected to see downward normalisation this year, in which the domestic contract is projected to come in at RM25 billion, after achieving a record higher base in 2016, according to Hong Leong IB Research.

Malaysia Building Society Bhd’s (MBSB) net profit for the third quarter ended Sept 30, 2016 (3QFY16) fell 8.83% to RM57.93 million, from RM63.53 million in the same period last year.

IOI Properties Group Bhd, which has won a bidding war over a sought-after prime land parcel in Singapore, said it will leverage on the strong demand for prime office space in the republic.