Xtra Furniture Freedom Chair
Majestic Hotel now property of YTL REIT
The Majestic Hotel in heart of old Kuala Lumpur is an iconic part of the city’s historical landscape. While it may have momentarily lost its lustre in decades past, it has seen a remarkable return to grandeur under the ownership YTL Corp Bhd. Success has also translated into positive... Read more
UOA gains more ground in Bangsar South
One of the key engines behind the rising prominence of Bangsar South has been UOA Development Bhd’s anchor development, Bangsar South City. However, the company recently indicated that it has more in store for the burgeoning new suburb with the purchase of a 9,686.682 sq ft parcel in the... Read more
Only judges decide on land acquisition compensation
LAND OWNERS SHOULD TAKE NOTE THAT ASSESSORS NO LONGER HAVE THE POWER TO DETERMINE THE COMPENSATION SUM A landmark ruling by the Federal Court has now made it clear that only constitutionally appointed judges can decide on compensation for land acquisitions. The Federal Court ruled last Friday that a... Read more
HSR land acquisition to begin next year
MyHSR Corp Sdn Bhd, the agency tasked with overseeing the KL-Singapore High Speed Rail project (HSR), has announced that land acquisitions for the project will likely take place by the third quarter of 2017. The major bilateral transportation project aims to provide a rapid link between Bandar Malaysia in... Read more
IOI Prop scores Central Boulevard land
IOI Properties Group Bhd announced early this week that it had won the bid for a highly-prized parcel of land located along Central Boulevard and Raffles Quay-Shenton Way within Singapore’s prime Marina Bay area. A successful tender of RM7.77 billion was made for the 2.6-acre site by IOI Properties... Read more
Tabung Haji not selling TRX land
In response to speculation by certain quarters, the Malaysian hajj pilgrims fund board Tabung Haji has indicated that it will not sell the Tun Razak Exchange (TRX) land that it purchased from 1Malaysia Development Bhd (1MDB). A Bernama report quotes Tabung Haji chief executive officer Datuk Johan Abdullah as... Read more
Effects of the amended Land Acquisition Act
BY Ernest Cheong The Land Acquisition Act (LAA) 1960 was passed by the (then) Malayan Parliament in 1960, only three years after our first Prime Minister Tunku Abdul Rahman declared independence for a new nation. During the intervening 20 years after the LAA was passed, not many high-rise and... Read more
Land law updated but unclear
BY Roznah Abdul Jabbar While some  have lauded the recent amendments on the Land Acquisition Act 1960 or Act 486, certain quarters within the industry have questioned the scope and adequacy of it. The amendment bill, which was debated by 22 members of Parliament (MP), was passed without any... Read more