Johor serviced apartment projects halted due to oversupply
Due to the high number of service apartment developments in Johor, especially luxury apartment in Iskandar, the state government has announced that it will postpone approvals for projects in order to counter oversupply and allow for guidelines to be drafted to address the issue. The guidelines will take into consideration views from REHDA, developers and other stakeholders. (Bernama)
PAS: Who sold Bumi land to 1MDB?
The controversy surrounding the Tabung Haji land purchase has led a PAS leader to question who directed the decision to sell the land at TRX to 1MDB, as it was originally reserved for Bumiputeras to increase their property ownership during Badawi’s administration. The land along Jalan Tun Razak was previously owned by Pelaburan Hartanah Berhad (PHBB). (The Malaysian Insider)
Invest during current technical correction
Now is a good time for Malaysians to invest in the stock market and unit trusts, as the current technical correction phase means a weaker market environment. Paired with an easing ringgit and lower oil prices, market players should take this opportunity to invest, especially during May and June when the stock market consolidates. (MySinChew.com)
Kimlun plans residential project in Kota Tinggi
Kimlun Corp Bhd has signed an agreement to purchase 140.8 acres of land worth RM 28.3mil in Kota Tinggi, and plans to develop it into a residential property project. Located 2km from Kota Tinggi town, the agricultural land will be converted to residential status after acquisition. (The Star Online)
Wina Lia posing in her house’s garden (Source: Tribun Lampung)
Woman gets property buyer – and husband
In March 2015, Indonesian house owner Wina Lia put up a video advertisement to sell her house – and offered herself together in the bargain. After two months, her wait is over, as her house will be sold to a 46-year-old widower with 2 children, who is now also her husband-to-be. (The Star Online)
