Addressing evolving industrial needs
GOLDEN GATEWAY UNVEILS RM155m MAIDEN PROJECT, GOLDEN GATEWAY, WITH A FOCUS ON THE CHANGING LANDSCAPE BUSINESS LANDSCAPE IN PENANG’S INDUSTRIAL HOTSPOT Main board-listed Golden Land Berhad made a meaningful mark on the property landscape last weekend with the launch of its maiden project, Golden Gateway, a RM155 million medium... Read more
UDA sets eyes on 4mil acres of Malay reserve land
After years of focusing on the development of idle land in the country, UDA Holdings Bhd now has a vision to develop Malay reserve land across the nation – more than 4 million square feet of it, in fact. According to a recent Benama report, UDA chairman Datuk Seri... Read more
The era of prefab supermarket homes has arrived! 
  REINVENTION OR REGENERATION, THE INTENTION IS TO SOLVE HOUSING SHORTAGE IN BERLIN, LONDON BY Zoe Phoon German budget retailer and grocer Aldi is the latest in Europe to build new supermarket rental flats above its stores in Berlin to address the dearth of housing. The mixed-use real estate... Read more
Market could stabilise in 2018, says MIEA
HEALTHY ECONOMIC GROWTH MIGHT FINALLY PULL PROPERTY SECTOR OUT OF THE RUT THIS YEAR Malaysians can expect the property market to finally stabilise in 2018, says the Malaysian Institute of Real Estate Agents (MIEA). This outlook, it said, was based on the general consensus of active agents engaged in... Read more
Interest rates go up!

Interest rates go up!

News January 25, 2018

BANK NEGARA RAISES OPR ON THE BACK OF ‘STRONG GROWTH MOMENTUM’ At the Monetary Policy Committee (MPC) meeting held today, Bank Negara Malaysia (BNM) decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.25%. As such, the floor and ceiling rates of the corridor for... Read more
Ireka explores autonomous rail transit with China firms
Public-listed developer Ireka Corp Bhd looks set to diversify its business interest with a recent tie-up with two China-based logistics and transportation companies. In a memorandum of understanding (MoU) signed this week, Ireka has formed an agreement with Beijing-based CRRC Urban Traffic Co Ltd (CRCC) and Shentong Express Co... Read more
LBS’ Lim receives prestigious Queen Victoria medal
  GROUP MD BELIEVES A THRIVING BUSINESS AND A COMMITMENT TO REACH OUT TO THE COMMUNITY GO HAND-IN-HAND BY Chris Prasad While there was general cause for merriment in the festive season as 2017 drew to a close, LBS Bina Group Bhd had added reason to celebrate. This is... Read more
Technology driving the future of property management
TECH DISRUPTION TAKES CENTRE STAGE AT MIPPM CONFERENCE THIS YEAR The Malaysian Institute of Professional Property Managers (MIPPM) recently held their second annual conference entitled “PropTech: Driving the future of Property Management 2017”, which was held at Connexion@Nexus in Bangsar South, Kuala Lumpur. As the theme of the event... Read more
PEPS: We’re not blaming developers
OVERHANG ISSUE IS A COMPLEX PROBLEM THAT REQUIRES ATTENTION FROM NUMEROUS STAKEHOLDERS IN THE PROPERTY INDUSTRY BY Chris Prasad The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) has clarified that an earlier press statement by the body was not intended... Read more
Double joy for SP SETIA at MPA 2017
  There was double success for SP Setia at the recent Malaysia Property Award 2017, with two awards going their way – the Affordable Housing award and the much-coveted Master Plan Gold award. Organised by FIABCI-Malaysia, the glitzy award gala ceremony offers recognition to outstanding Malaysian developers and their... Read more