GLCs are biggest culprits to supply-demand imbalances in property market

Govt major player in ‘luxury’ project development, says Pua PJ Utara MP says with biggest culprits to supply-demand imbalances in property market being GLCs and GLICs, what’s the point of freeze if only private sector affected. PETALING JAYA: The cabinet does not have to look far to find one of the main reasons for the…

Bank Negara: Property glut highest level in a decade

Bank Negara: Property glut highest level in a decade Central bank says pricing of residential properties at above RM250,000 is the main reason for this oversupply as most Malaysians cannot afford them. PETALING JAYA: Bank Negara Malaysia (BNM) has responded to reports on the country facing a residential property glut, warning that it is at…

‘Balloon girl’ freed of insulting behaviour charge

‘Balloon girl’ freed of insulting behaviour charge KUALA LUMPUR, Nov 27 — Dance producer Bilqis Hijjas walked out beaming today after the Magistrates’ Court acquitted her of “insulting behaviour” for dropping yellow balloons at a 2015 event attended by the prime minister and his wife. “I am very pleased. It has taken two years to…

MACC will open more files on Felda, says Shahrir

MACC will open more files on Felda, says Shahrir THE Malaysian Anti-Corruption Commission (MACC) will be investigating more cases involving wrongdoing and corruption in Felda, said the agency’s chairman, Shahrir Abdul Samad. Shahrir said MACC’s investigation into the agency is unlikely to be limited to the purchase of a hotel in Kuching, and property in…

A ‘disaster’ if Arul Kanda made Khazanah chief, says Pua

A ‘disaster’ if Arul Kanda made Khazanah chief, says Pua PJ Utara MP Tony Pua says Arul Kanda Kandasamy wrong for Khazanah Nasional having had a “shameful record” with rationalisation plan to turn around 1MDB. PETALING JAYA: Tony Pua says any move to have Arul Kanda Kandasamy take over the helm at national sovereign fund…

BNM: Imbalances in the Property Market – 130,690 unsold residential units

Imbalances in the Property Market (source: BNM)

Property market will be badly hit in 2018, says expert

Property market will be badly hit in 2018, says expert Real estate veteran says property market could crash and bring the price of new homes costing RM500,000 down to RM300,000. PETALING JAYA: The property market will take a terrible hit next year, with developers and house owners facing one of the toughest times to find…

In Camp Najib, fixers fix each other up for top spot

In Camp Najib, fixers fix each other up for top spot IT is wonderful to be the Prime Minister’s fixer on the ground. Every word that you utter is taken seriously and you are accorded great respect and deference, far beyond your official position, appearance or educational level. And even if senior politicians, senior civil…

Satay sales good but only during MRT promo period, say staff

Workers at a satay restaurant say sales dropped back to normal once the discounted fare period ended on August 31. KAJANG: Jalan Kelab at Bandar Kajang can be taken for a ghost town if not for the few customers seated at rectangular wooden tables in the Sate Kajang Hj Samuri restaurant with waiters milling about.…

Total cost for MRT1, MRT2 & MRT3 will be more than RM100 billion!!

RM40-RM50bil MRT3 heavily tilted in favour of China A QUESTION OF BUSINESS | Unheard of major changes to the tender conditions for the RM40-RM50 billion third phase of the Klang Valley Mass Rapid Transit (KVMRT) project, such as a financing package of 90 percent of the project cost, a 30-year term and an eight-year moratorium,…