The rise in the overnight policy rate (OPR) to 2.50% will likely influence Malaysians to reconsider purchasing houses, particularly the middle 40% income group (M40), who may have bank commitments such as personal loans.

Eco World Development Group Bhd (EcoWorld Malaysia) recorded RM46.4 million profit after tax (PAT) in 3Q2022, which is 32% higher than 3Q2021.

Property developer Land & General Bhd (L&G) expects demand for the property sector to remain stable, despite challenges such as the anticipation of rising interest rates as well as increasing cost of materials and labour.

Former Kuala Lumpur City Hall (DBKL) senior deputy director Sabudin Mohd Salleh was overwhelmed with emotions and broke down in tears after being freed for the second time on two charges of obtaining a bribe amounting to RM200,000 for the issuance of work permits.

NCT Group of Companies (NCT) has entered into four synergistic collaborations to further strengthen its value proposition for the upcoming NCT Smart Industrial Park (NSIP) project.

This will involve the “sprucing up of the areas and upgrading the amenities”.

The Terengganu government’s hope of turning Kenyir Lake into a geopark is expected to be realised next year, said the State Tourism, Culture and Information Technology Committee deputy chairman Sulaiman Sulong.

It may be challenging for older office buildings in the Klang Valley, which have been left vacant as their owners or tenants move to newer developments, to be filled up, as more new office buildings spring up and more companies move out of the older buildings, said experts in the property sector.

JAKS Resources Bhd has offered share options under its long-term incentive plan (LTIP) to eligible directors and employees of the group and its subsidiaries.