UOA Real Estate Investment Trust (REIT) will remain focused on the office property market as it sees growing potential in the segment, according to Kong Sze Choon, chief executive officer of its manager UOA Asset Management Sdn Bhd.

The government will review the terms and conditions for the Malaysia My Second Home (MM2H) scheme following reports of a 90% drop in applicants because of strict the requirements

The Malaysia My Second Home Consultants Association (MM2HCA) has lauded the government’s move to create a one-stop centre under the Ministry of Tourism, Arts and Culture for the programme.

KSK Land Sdn Bhd has terminated its contract with Grand Dynamic Builders Sdn Bhd (GDBSB), a wholly owned subsidiary of GDB Holdings Bhd, as the main contractor of mixed development 8 Conlay at Jalan Conlay, Kuala Lumpur.

S P Setia Foundation and Lembaga Zakat Selangor (LZS), together with Amanah Saham Nasional Bhd (ASNB) and Agensi Kaunseling dan Pengurusan Kredit (AKPK) organised a Financial Literacy Workshop on fundamental financial management for 80 asnaf individuals at Baitussalam Pusat Perlindungan Asnaf Lembaga Zakat Selangor on April 14.

Rubber compound manufacturer GIIB Holdings Bhd, which has been locked in a dispute with one of its directors over allegations of fraud and misconduct, is selling a 1.689ha parcel of industrial land in Tuaran, Kota Kinabalu, Sabah to metal and steel product wholesaler Kozai Realties Sdn Bhd for RM14 million cash.

KIP Real Estate Investment Trust's (REIT) net property income for the third quarter ended March 31, 2023 (3QFY2023) grew 13.3% to RM16.4 million, up from RM14.5 million a year earlier, on higher revenue.

Siab Holdings Bhd said it has accepted a settlement arrangement from Yong Tai Bhd following their mutual agreement to terminate two high-rise property projects with a combined outstanding contract value of RM190.48 million.

Property developer OCR Group Bhd’s units are being sued by their contractor over alleged payment default of RM30.93 million in relation to projects in Kuantan and Petaling Jaya.

Noteworthy:

• Leasehold
• Built-up size: 5,000 sq ft
• Land size: 12,100 sq ft
• 6 bedrooms, 7 bathrooms
• Fully furnished
• Nearby amenities: schools, convenience stores, AEON Mall Shah Alam, Subang Parade, Utrospace Glenmarie, F&B outlets
• Accessibility: Federal highway, DASH Highway, KESAS Highway.

When: January 2023