Latest

RTM to promote I-City as tourism destination

SHAH ALAM: Radio Televisyen Malaysia (RTM) will soon air a special documentary to promote i-City, the 29-hectare digital township in Shah Alam, Selangor as a new tourist destination.

Rehda wants Kelantan to shorten land approval period

KOTA BARU: The Kelantan Real Estate and Housing Developers Association (Rehda) has urged the state government to shorten the land approval process from six months presently.

Its chairman Sekarnor Che Omar said the government's delay in issuing land approvals had caused developers much concern as it affected construction cost.

In the right direction

Jan 21, 2010, seemed to be a very significant day for the development of Malaysian land law, with headlines nationwide lauding another landmark decision that corrected a “blatant error” which had stood as good law for the better part of the last decade.

Mas Kiara project in TTDI completion in mid-2010

KUALA LUMPUR: The completion the Mas Kiara Residences condominium project in Taman Tun Dr Ismail, Kuala Lumpur has been delayed to the middle of 2010 owing to “various technical aspects” barring the way, according to an internal source.

1MALAYSIA maintenance fund with RM37.6 mil allocation

KUALA LUMPUR: The Malaysian government has announced a RM37.6 million allocation for the 1Malaysia Maintenance Fund to finance the maintenance of the federal capital's low-cost homes, especially flats, built by the private sector.

City & Country: Chicago Spire awaits white knight

The global credit turmoil has struck what was once touted to be the world’s  tallest residential building. Targeted to be ready sometime next year, the Chicago Spire is still a gaping hole in the ground, with no completion in sight. The mega development’s estimated gross development value is about US$2.4 billion.

City & Country: Mixed signals in property market

Delegates to the 3rd Malaysian Property Summit 2010 last Tuesday would have gone home with mixed signals about the market this year. The speakers were generally optimistic, but there was no show of great enthusiasm.

Property: New supply will impact the market

Office space take-ups and rentals in downtown Kuala Lumpur are expected to slide in 1H 2010 but improvement in the oil and gas sector growth may cushion the downward slide, says Sarkunan Subramaniam, executive director of Knight Frank Malaysia.An estimated 1,874,000 sq ft of new office space is expected to come on stream in 2010, and this will impact the market in the short to medium term, he s