News about Malaysia

PETALING JAYA (July 27): The outlook for the property market in the second half of 2016 (2H2016) is expected to remain subdued, said Valuation and Property Services Department director-general Datuk Faizan Abdul Rahman at the Malaysian Property Summit Mid-Year Review 2016 today.

KUALA LUMPUR (July 27): Primary market property sales plunged in 1H2016 from a year ago, underpinned by the sluggish global economy and poor local market sentiments, according to preliminary figures by the Valuation and Property Services Department.

THERE are still many details of the KL-Singapore high-speed rail project that need ironing out before the bilateral agreement is signed at the end of the year.

SINGAPORE (July 26): UOB is expecting the Singapore-Kuala Lumpur High Speed Rail to be the “next growth-game changer for the two countries, after Singapore Prime Minister Lee Hsien Loong and Malaysia Prime Minister Najib Razak signed the memorandum of understanding for the project on July 18.

KUALA LUMPUR (July 26): Public Bank Bhd announced yesterday that it will reduce its base rate (BR) and base lending rate (BLR) or base financing rate by 23 basis points (bps) from tomorrow onwards, following Bank Negara Malaysia’s (BNM) move to cut the overnight policy rate by 25 bps to 3%.

THE Malaysian Institute of Architects’ (PAM) new headquarters in Jalan Tandok, Bangsar, called PAM Centre, exudes a minimalist feel.

PETALING JAYA (July 25): The Malaysian Institute of Architects (PAM) has launched its Architecture Exhibition in conjunction with the Kuala Lumpur Architecture Festival 2016 (KLAF 2016) and the soft launch of the new PAM centre at Jalan Tandok.

SINTOK (July 25): Universiti Utara Malaysia (UUM), through a subsidiary of Uniutama Management Holdings Sdn Bhd (UMHSB), is taking over several hotels in the Klang Valley and Penang.

PUTRAJAYA: The signing of the Memorandum of Understanding (MoU) on July 19 to work towards commencing the Kuala Lumpur–Singapore High Speed Rail (HSR) operations by 2026 has sparked renewed interest along the property line.

PETALING JAYA: The high speed rail (HSR) linking Kuala Lumpur and Singapore provides more than speedy travel between the two countries.