News about Malaysia

PETALING JAYA (Oct 31): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) has rebuked a proposal to separate board to register and regulate property, facility and strata managers as property management is interrelated with other professions.

KUALA LUMPUR (Oct 30): The Parliament's Public Accounts Committee (PAC) revealed today that its reinvestigation on 1Malaysia Development Bhd, which was supposed to have started on Monday, Oct 29, has been delayed on the advice of Attorney-General Tommy Thomas.

KUALA LUMPUR (Oct 30): Malaysia will legally challenge a consent award granted in 2017 to Abu Dhabi's sovereign wealth fund, International Petroleum Investment Company, following a debt dispute with its state investment fund, 1Malaysia Development Bhd.

KUALA LUMPUR (Oct 30): Former defence minister Datuk Seri Hishammuddin Hussein has denied claims that he was offering to help find fugitive businessman Low Taek Jho to avoid being investigated by the Malaysian Anti-Corruption Commission (MACC).

KUALA LUMPUR (Oct 30): Former Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Abu Kassim Mohamed said the anti-graft body's statement in 2015 on the RM2.

KUALA LUMPUR (Oct 29): Mah Sing Group Bhd's Savanna Executive Suites @ Southville City project has emerged as the sole winner of The Edge Malaysia Affordable Urban Housing Excellence Award 2018 at The Edge Malaysia Property Excellence Awards 2018 (TEPEA) which was held tonight.

KUALA LUMPUR (Oct 29): S P Setia Bhd president and CEO Datuk Khor Chap Jen attributed the "strong and dynamic Team Setia" for making the property developer "the best of the best" in the industry once again.

KUALA LUMPUR (Oct 29): S P Setia Bhd has again been ranked the No 1  property developer in the country, the third consecutive year that it has taken the top spot of The Edge Malaysia Top Property Developers Awards (TPDA) 2018.

KUALA LUMPUR (Oct 29): Last week saw a flux of quarterly earnings released by local real estate investment trusts (REITs) with most reporting a growth in their net property income (NPI), sparking optimism for a recovery in the sector that has long been plagued by concerns over oversupply, weak demand and the like.

KUALA LUMPUR: These are challenging times for real estate brokers in Malaysia.