News by M

Malaysia Building Society Bhd (MBSB) said its chairman Tan Sri Azlan Zainol, who was also former Employees Provident Fund (EPF) chief executive officer, has passed away.

Rehda Institute — the research, education and training arm of the Real Estate and Housing Developers’ Association (Rehda) — is seeking ways to mitigate high compliance costs as discussed at a roundtable session titled Rehda Institute Housing Forward Roundtable: Cost of Doing Business 2023 on Thursday (Jan 12).

Potential homebuyers will enjoy stamp duty and Memorandum of Transfer exemptions with the purchase of selected Sime Darby Property homes.

A total of 135 Orang Asli Seletar families from two different villages on Thursday (Jan 12) agreed to record a consent order in the Court of Appeal with developers, the Johor government and the Federal Government, which would see them not only being compensated monetarily, but 85 of them being resettled on a 45-acre (18.21-hectare) alienated gazetted land.

Pesona Metro said its wholly owned subsidiary Pesona Metro Sdn Bhd has secured a contract from property developer Land Market Sdn Bhd to build a two-block 44-storey condominium in Mon't Kiara, Kuala Lumpur.

Raja Nazirin Shah Raja Mohamad has been appointed as the chief executive officer of Al-`Aqar Healthcare REIT and Al-Salam Real Estate Investment Trust (REIT) effective from Wednesday (Jan 11).

Noteworthy:

• Leasehold
• Built-up size: 1,480 sq ft
• Land size: 1,300 sq ft
• 4 bedrooms, 3 bathrooms
• Semi-furnished
• Nearby amenities: Giant Hypermarket, Aeon Mall, schools, convenience stores and restaurants
• Accessibility: Elite Highway, SKVE Highway, PLUS Highway

When: December 2022

The Kuala Lumpur Architecture Festival (KLAF) 2023 was officially launched on Monday (Jan 9) to kick off its diverse calendar of more than 100 programmes spread throughout the year.

Based on its Real Estate Highlights 2nd half of 2022, “the performance of the property market sector is in tandem with robust economic recovery, as Bank Negara Malaysia expects full-year growth to exceed its forecast of 7%”, said group managing director, Keith Ooi.

Noteworthy:

• Freehold
• Built-up size: 2,716 sq ft
• 2-storey shoplot
• 0 bedrooms, 4 bathrooms
• Unfurnished
• Nearby amenities: The Mines Shopping Mall, One South Street Mall, LRT Sungai Besi, restaurants, F&B outlets, convenience stores 
• Accessibility: SILK Highway

When: October 2022