News about Malaysia

KUALA LUMPUR (July 12): The 12-month grace period allowing practicing property managers without valuation credentials to register themselves with the government to gain official recognition should be removed as it is “arbitrary” and “irrational”, said a real estate industry leader.

KUALA LUMPUR (July 12): Cases related to maintenance fees collection and inter-floor leakage top the list of claims filed by house owners to the Strata Management Tribunal (SMT), said Ministry of Housing and Local Government (KPKT) senior legal officer Roshan Karthi Kayan.

KUALA LUMPUR (July 12): Shares of George Kent (M) Bhd and Malaysian Resources Corp Bhd (MRCB) rose this morning, after the Pakatan Harapan government approved the continuation of the light rail transit 3 (LRT3) project at a final cost of RM16.

PETALING JAYA (July 12): Forming a subsidiary management corporation (sub-MC) is no easy feat as it is fraught with challenges, said Royal Institution of Surveyors Malaysia (RISM) past honorary secretary general Chan Keat Lim.

KUALA LUMPUR (July 12): The government has decided that Prasarana Malaysia Bhd will not be taking over the light rail transit line 3 (LRT3) project from the appointed project delivery partner (PDP), nor will it be calling it off.

KUALA LUMPUR (July 11):  Non-governmental organisations (NGOs) in Perak are supporting the state government’s plan to temporarily shut off public access to Gua Tambun, reported The Malay Mail today.

KUALA LUMPUR (July 11): Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 3.

KUALA LUMPUR (July 11): The Master Builders Association Malaysia (MBAM) is hoping for that the authorities will legalise foreign workers already employed by the construction sector, Bernama reported today.

PETALING JAYA (July 11): The Housing and Local Government Ministry may seek to lift the current freeze on new luxury residential developments, prompted by signs that the economy is improving, said its minister Zuraida Kamaruddin.

KUALA LUMPUR (July 11): Prasarana Malaysia Bhd said today it will work closely with the Ministry of Finance and both its Project Delivery Partners to bring down the total cost of the light rail transit line (LRT3) project.