Chinese developers have snapped up six of the 13 land sites in government tenders since July last year while investors from China “made up almost all of the cross-border property deals in Hong Kong”

The company said the sales performance was underpinned by strong demand for the properties in Sendayan in Seremban and Bandar Seri Impian in Johor.

UOA attributed the lower revenue largely to lower progressive recognition in the current quarter due to the Covid-19 pandemic that halted the construction progress during the MCO and conditional MCO period.

"The performance of property development segment declined significantly from a profit of RM4.8 million in the preceding quarter to a loss of RM94.4 million in current quarter. Property investment segment registered a loss of RM5.0 million as compared to a profit of RM0.5 million in the preceding quarter.”

Minister of Housing and Local Government Zuraida Kamaruddin concurred with views that it is not the right time for the introduction of such a tax.

Mah Sing Group Bhd CEO Datuk Ho Hon Sang: I am honored to be elected as the chairman of Rehda Selangor and humbled by the support and trust given my peers to take on the helm.

MBPP Mayor Datuk Yew Tung Seang said “certain categories of construction will be allowed to start work 24 hours after they submit an application for building permission and commencement of work”.

According to MB World's Bursa filings today and yesterday, Bursa will suspend trading of securities in MB World from Sept 2, with the date being the expiry of five market days from the final closing date of the voluntary takeover offer by joint offerors Kim Feng Capital Sdn Bhd, NgSinar Sdn Bhd and Ng Kok Boon at 99 sen a share.

Initially, the hearing of the application by Musa and the 32 former assemblypersons for a stay was fixed for today.

Rented for: RM18,000 (RM2.69 psf); Concluded by: Kevin Teh (REN 02206) (013-555 7333) of Propstar Realty; When: February 2020