KUALA LUMPUR (Nov 15): Kumpulan Perangsang Selangor Bhd (KPS), which is being sued — together with Menteri Besar Selangor (Inc), or MBI, and the Kuala Langat land administrator — by three individuals for alleged fraud involving a land transaction in Kuala Langat, said the deal occurred 42 years ago. “It is important to note that…
Read MoreKUALA LUMPUR (Nov 16): Gamuda Land on Thursday announced the topping off for Maya Bay Residences in Gamuda Cove in Kuala Langat, Selangor. It is also the first high-rise residential project of the 1,530-acre township development. “We welcomed our first batch of residents into the township earlier this year with the vacant possession of our…
Read MoreKUALA LUMPUR (Nov 16): Apex Equity Holdings Bhd is disposing off the 11-storey Menara Apex in Kajang, together with the land, for RM55 million to Era Edu Sdn Bhd, which operates the New Era University College education arm. Taking into account related expenses and taxes, Apex Equity estimates net proceeds of RM49.95 million, with an…
Read MoreKUALA LUMPUR (Nov 15): The outlook for the property sector in Malaysia is expected to remain positive, according to MIDF Research, based on the current healthy loan applications, higher approved loans, and potential new infrastructure projects. In a client note on Wednesday, the research house said it was maintaining its “positive stance” on the sector…
Read MoreKUALA LUMPUR (Nov 15): A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023). Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir (pictured) stated that, according to the National Property Information Centre (Napic), this indicates a 5.3% decrease in total units and a 0.6%…
Read MoreKUALA LUMPUR (Nov 14): Kumpulan Perangsang Selangor Bhd (KPS), along with Menteri Besar Selangor (Inc) (MBI) and the Kuala Langat land administrator, have been sued by a trio over alleged fraud involving land in Kuala Langat. In a bourse filing on Tuesday, KPS said it had received a writ of summons and statement of claim…
Read MoreKUALA LUMPUR (Nov 15): Any future development to be implemented in the federal capital will depend on the outcome of a traffic impact assessment (TIA) being carried out, in an effort to address traffic congestion due to population growth. Deputy Minister in the Prime Minister’s Department (Legal and Institutional Reforms) Ramkarpal Singh said the TIA…
Read MoreKUALA LUMPUR (Nov 14): Seven local councils in Klang Valley have been instructed to identify bus stations and sidewalks leading to train stations that need to be upgraded immediately next year, said Transport Minister Anthony Loke Siew Fook (pictured). He said the instructions were made at the recent Cabinet meeting, where all parties agreed that…
Read MoreKUALA LUMPUR (Nov 14): Kuala Lumpur is trailing behind the supply for Net Zero Carbon (NZC) buildings, with only 35% of its prime office stock achieving some level of green certification, despite some attempts to incorporate green features into older buildings. In comparison with the Asia Pacific region, 47% of the prime office stock boasts…
Read MoreBy Joseph Wong The stories of home buyers facing penalties due to the inefficiencies of government and state agencies or the unscrupulous actions of developers and their agents have become all too familiar. These tales circulate through news reports, viral social media posts, conversations with family and friends or even the whispers at coffee shops….
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