KUALA LUMPUR (Oct 18): The government is looking into raising the floor for paid-up capital and accumulated capital for new property developers, and to blacklist directors of sick and abandoned projects in an effort to ensure the sustainability of the housing sector. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir (pictured) said the government…
Read MoreKUALA LUMPUR (Oct 18): Radium Development Bhd recently handed over keys to purchasers of its Vista Sentul development at Jalan Sentul, adjacent to Jalan Ipoh. Situated on 2.38 acres of freehold land, with a GDV of RM305.54 million, Vista Sentul comprises two towers with a total of 705 serviced apartment units ranging from 2-bedroom 2-bathroom…
Read MoreKUALA LUMPUR (Oct 18): Valiant First Sdn Bhd has filed a suit against aviation and defence company Destini Bhd, seeking specific performance for the completion of the sale of two plots of land in Glenmarie and Bukit Jelutong. In the statement of claim viewed by The Edge, Destini had agreed to sell the plots of…
Read MoreKUALA LUMPUR (Oct 18): MHub is collaborating with RHB Bank in “a transformative partnership that aims to revolutionise the property buying and selling experience”. According to a media release by property technology company, the integration allows buyers utilising MHub’s platform to complete their RHB loan submissions digitally. This effort will streamline the loan application…
Read MoreKUALA LUMPUR (Oct 18): Eighty eight percent (1,905 of the 2,164) of applications for the Malaysia My Second Home (MM2H) programme were approved between November 2021 and the end of September this year, says Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing (pictured). Tiong revealed these figures while responding to Yeo Bee Yin…
Read MoreKUALA LUMPUR (Oct 17): The Malaysia My Second Home (MM2H) programme post-pandemic has recorded 1,905 approved applications or 88% of the total 2,164 applications between November 2021 and end-September 2023. Meanwhile, the Premium Visa Programme (PVIP) saw 57 applications processed, where 28 have been approved while the remaining 29 have been recommended for approval, Tourism…
Read MoreKUALA LUMPUR (Oct 17): The first phase of Sime Darby Property Bhd’s final high-rise residential development in Ara Damansara — TRiARA Residences — has sold 216 out of 304 units launched on September 23, 2023. This amounts to RM225.9 million in bookings. The 5.6-acre development comprises three blocks of modern, multi-generational units. It will offer a total of 450…
Read MoreKUALA LUMPUR (Oct 14): NCT Alliance Bhd has echoed the government’s commitment to ensure the completion and delivery of homes to homeowners, executive chairman Datuk Seri Yap Ngan Choy said. Yap said this is following Prime Minister Datuk Seri Anwar Ibrahim’s announcement in addressing the pressing challenges posed by abandoned property projects in the nation…
Read MoreKUALA LUMPUR (Oct 13): Higher rental income helped IGB Real Estate Investment Trust (IGB REIT) record a 9.99% increase in net property income (NPI) to RM111.29 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM101.19 million a year earlier. The REIT, whose portfolio includes the Mid Valley Megamall and The Gardens Mall,…
Read MoreKUALA LUMPUR (Oct 16): Analysts maintained their “buy” calls on IGB Real Estate Investment Trust (REIT) after its quarterly net income came within expectations for the cumulative nine months ended Sept 30, 2023 (9MFY2023), translating into a 5.5% increase compared to a year ago. The earnings growth was mainly supported by higher tenant sales and…
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