News about Malaysia

KUALA LUMPUR (April 6): IGB Real Estate Investment Trust (IGB REIT) closed in negative territory yesterday on a knee-jerk reaction from investors to news that one of its properties here was involved explosions.

PETALING JAYA (April 1): Sunway Hotels & Resorts, the hospitality arm of property-construction conglomerate Sunway Group, will invest RM875 million to facilitate the redevelopment and expansion of its hotels across Malaysia, Cambodia and Vietnam.

THE outlook for Malaysia’s property market may not be bright at the moment but JLL Property Services (Malaysia) Sdn Bhd country head and managing director YY Lau (pictured) thinks pockets of opportunities can be found if you know where to look.

SHAH ALAM (March 26): Eco World Development Group Bhd (EcoWorld) is confident of achieving its RM4 billion sales target for its financial year ending October 2016.

KUALA LUMPUR (March 24): The level of household debt-to-gross domestic product (GDP) ratio continued to be elevated at 89.

KUALA LUMPUR (March 21): Prime Minister Datuk Seri Najib Tun Razak said that China Railway Group Ltd's planned US$2 billion (RM8.

KUALA LUMPUR (March 15): About 26% of Malaysian ultra high net worth individuals (UHNWIs) are considering changing domiciles – the second highest rate in the world after China, at slightly over 30% – said Knight Frank Malaysia managing director Sarkunan Subramaniam.

KUALA LUMPUR (March 14): The Malaysian Institute of Architects (PAM) president Mohd Zulhemlee urged the authorities to raise the passing rate of professional architecture courses to solve the shortage of architects.

KUALA LUMPUR (March 12): As globalisation is an unavoidable trend in the future, especially after the signing of Trans-Pacific Partnership (TPP), Malaysian real estate agents need to equip themselves with cross-border property investment knowledge to embrace future challenges, urged Malaysia Property Incorporated (MPI) general manager Veena Loh (pictured).

KUALA LUMPUR (March 11): Patience and hard work are the secrets to surviving today’s soft property market, said Malaysia’s top property agents.