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Tune Plato acquires 50% stake in SubHome

KUALA LUMPUR: Tune Plato Ventures Sdn Bhd, a joint venture between Tune and ECM Libra, has acquired a 50% stake in Malaysian home-sharing platform SubHome Management Sdn Bhd.

Warning to developers: Reduce prices or SST will be reimposed

KUALA LUMPUR: Finance Minister Lim Guan Eng has asked developers to reduce house prices on a national level, failing which the sales and service tax (SST) on construction services will be reimposed if developers do not pass the savings to buyers.

Developers’ meeting: Lim arriving at the Rehda conference. With him are Jeffrey Ng (left) and Soam (right).

Rehda debunks 2019 price turnaround

KUALA LUMPUR: Contrary to property consultancies and real estate agents’ reports that house prices will pick up in the second half of 2019, Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip says this is unlikely.

“The broad national economy will always have an impact on house prices. Look at the gross domestic product (GDP) for 2019, which is expected at 5% plus minus or it could actually go down. So, how can property prices for 2019 be better than the current year?” Ng(pic) asked.

China developers’ funding source at risk

SHANGHAI: China’s debt-laden developers face a potentially devastating blow to their biggest source of financing, as authorities consider putting an end to the practice of selling apartments before they are finished.

Economist: Malaysia to grow 4.5-5.5% in 2018 and 2019

KUALA LUMPUR: Malaysia's growth trajectory is expected to remain stable at 4.5 to 5.5 per cent this year and in 2019 despite fiscal restructuring and consolidation, thanks to sustained private sector and export demand.

Merdeka 118 to offer alternative to KLCC

KUALA LUMPUR: PNB Merdeka Ventures Sdn Bhd said the Merdeka 118 development in the Stadium Merdeka 14-acre land will offer an alternative to the Kuala Lumpur City Centre (KLCC) location.

An October 2017 filepic of the Merdeka 118 development

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