Axis REIT to buy property in Johor for RM65m cash
KUALA LUMPUR (Oct 15): Axis Real Estate Investment Trust (REIT) is planning to acquire a single-storey warehouse-cum-office building in Johor for RM65 million cash, from Rancak Beta Sdn Bhd.
Great toll deals for Gamuda but valuations have run ahead of fundamentals: AmInvesment
KUALA LUMPUR (Oct 14): AmInvestment Bank Bhd has maintained its "underweight" call on Gamuda Bhd at RM3.
Guan Eng: Lowered foreign homeownership threshold only for unsold properties
KUALA LUMPUR (Oct 13): The government says its move to lower the foreign ownership threshold for condominiums and apartments in the city area to RM600,000 from RM1 million is aimed at reducing the oversupply of such units, which stood at RM8.
Budget 2020: Lower threshold for foreign purchases
PETALING JAYA (Oct 11): The government today has proposed to lower the minimum price threshold for the foreign purchase of high-rise property specifically condominiums and apartments in urban areas, from RM1 million currently to RM600,000 effective 2020.
FLASH: Putrajaya to lower foreign buying threshold for condos and apartments in urban areas from RM1m to RM600,000 in 2020
To reduce the high number of unsold condominiums and apartments amounting to RM8.
Gardens Mall: Pedestrian bridge to Abdullah Hukum LRT-KTMB station ready by this month
KUALA LUMPUR (Oct 8): The pedestrian bridge linking Abdullah Hukum LRT-KTMB station to The Gardens Mall “is expected to be opened by this month,” reported The Star recently.
Econpile secures RM20.8m contract
KUALA LUMPUR (Oct 8): Econpile Holdings Bhd’s unit has been awarded a contract worth RM20.
Ex-1MDB CEO agrees that TIA was not Najib's idea
KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.
Shahrol: I wouldn't blame Najib for trusting Jho Low
KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of Terengganu Investment Authority Bhd (TIA) and then 1Malaysia Development Bhd (1MDB), agreed with the defence’s suggestion that he does not blame former prime minister Datuk Seri Najib Razak for trusting fugitive financier Low Taek Jho and Casey Tang Keng Chee, which was former 1MDB executive director of business development.
JPPH and RISM sign MoU to foster strategic alliance
PETALING JAYA (Oct 2): The Department of Valuation and Property Services (JPPH) under the Ministry of Finance Malaysia and the Royal Institution of Surveyors Malaysia (RISM) signed a Memorandum of Understanding (MoU) today to foster public and private strategic alliances with each other.
