IGB REIT net property income inches up 2.4% in 3Q on higher rental income
KUALA LUMPUR (Oct 25): IGB Real Estate Investment Trust’s (REIT) net property income (NPI) rose a marginal 2.
RBC: Australian house prices could fall 15% if government changes
Due to policy proposals by opposition Labor party, who are currently set to win government, Australia is likely to weaker property prices and diminished productivity, says the Royal Bank of Canada.
RM6b misused to settle 1MDB debts
KUALA LUMPUR (Oct 25): The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Datuk Seri Najib Razak and ex-treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah will be charged today with committing criminal breach of trust (CBT), with sources saying the offences include alleged misappropriation of RM6 billion that was used to settle 1Malaysia Development Bhd’s (1MDB) debts.
Bring back Home Ownership Campaign from '98-'99, says developer
KUALA LUMPUR (Oct 24): Glomac Bhd CEO and managing director Datuk Seri FD Iskandar has proposed that the government reintroduce the Home Ownership Campaign from two decades ago next year to reduce the number of overhang properties.
Mustapa not ruling out joining Pakatan Harapan
KUALA LUMPUR (Oct 23): Former cabinet minister Datuk Seri Mustapa Mohamed does not discount joining Pakatan Harapan, having left Umno and Barisan Nasional recently.
Hishamuddin's efforts to find Jho Low unnecessary, says deputy minister
KUALA LUMPUR (Oct 23): A deputy minister has questioned the action of former defence minister Datuk Seri Hishamuddin Tun Hussein to look for fugitive businessman Low Taek Jho, also known as Jho Low, in China to assist the investigations into 1Malaysia Development Bhd (1MDB).
Axis REIT’s NPI jumps 31% on-year in 3Q with expanded portfolio
KUALA LUMPUR (Oct 22): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) grew 31% in the third quarter ended Sept 3, 2018 (3QFY18) to RM45.
Johor moves to revive sick and abandoned projects
JOHOR BARU (Oct 23): In a move to help house buyers affected by sick and abandoned private housing projects, the state government says it will take proactive measures.
Emkay's cross-subsidy affordable housing idea a 'private sector perspective', says minister
KUALA LUMPUR (Oct 22): The suggestion by Emkay Group executive chairman Tan Sri Mustapha Kamal Abu Bakar to sell affordable houses in Kuala Lumpur through a cross-subsidy method is a "perspective of the private sector", said Housing and Local Government Minister Zuraida Kamaruddin.
MBPP wants paired road project consultant to show cause over landslide
KUALA LUMPUR (Oct 22): The Penang Island City Council (MBPP) today instructed the consultant of the Bukit Kukus paired road project to show cause over the deadly landslide last week, reported the Malay Mail.
