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Business 07 Jun 2018 | 12:00 AM

Land probe may affect affordable home supply

PETALING JAYA: The sale of 64 Kuala Lumpur City Hall (DBKL) land lots being probed by the Malaysian Anti-Corruption Commission (MACC) could affect the supply of affordable homes – should investigations drag on.

Corporate News 06 Jun 2018 | 8:42 AM

Najib is out of power but his legacy lives on in giant skyscraper

KUALA LUMPUR: As Malaysia seeks to move beyond the excesses associated with nearly a decade of rule under ex-prime minister Najib Razak, one of his pet projects continues to rise irreversibly skyward to become the tallest building in Southeast Asia.

Corporate News 23 Apr 2018 | 10:52 PM

Clouds over Indian hospital chain Fortis keep suitors from making higher bids

MUMBAI/BENGALURU: India's Fortis Healthcare Ltd has received as many as five offers for control of its private hospital business, but suitors have so far held back from making bold bids for the group as it faces rising debt and a regulatory probe.

Property 14 Apr 2018 | 12:00 AM

Seeking viable options

WITH the current property market glut, it will not come as a surprise to observe investors holding on... taking a step back... and planning their next move.

Business 06 Apr 2018 | 12:00 AM

Wealthy Malaysian investors shift money to safe-haven assets

PETALING JAYA: Wealthy Malaysian investors are shifting their money to safe-haven assets such as bonds and gold from property in light of a more cautious market and the upcoming general election.

Economy 05 Apr 2018 | 7:00 AM

Number of ultra-wealthy Malaysians on the rise

KUALA LUMPUR: The number of ultra-wealthy Malaysians rose 11 per cent to 310 last year, up from 280 in 2016, among the country's population of 31.19 million, according to Knight Frank's The Wealth Report 2018.

Corporate News 14 Feb 2018 | 12:00 AM

MGM opens for Macau holiday players as China challenge looms

HONG KONG: MGM Resorts International’s debut of its US$3.4bil property is the latest bet on the world’s biggest casino hub, as licensing bids and China’s proposal to allow gambling on a nearby island cast uncertainties over Macau’s future.

Property 10 Feb 2018 | 12:00 AM

Belt and Road Initiative to help property sector

WHILE the outlook for Malaysia’s property sector has been projected to be less than stellar this year, it is still seen as heaven to foreign investors and looks set to benefit from China’s Belt and Road Initiative (BRI).

Corporate News 29 Jan 2018 | 5:05 AM

Property market to remain lacklustre in 1H2018, says Knight Frank

KUALA LUMPUR: The overall property market performance is expected to remain lacklustre going into 1H2018, continuing from the weak conditions in the second half of last year, says Knight Frank Malaysia.

Property 21 Dec 2017 | 12:00 AM

Status quo on property stamp duty; seen as support for market

PETALING JAYA: The Government has decided to maintain the stamp duty for property transactions valued at RM1mil and above at 3% instead of the 4% announced under Budget 2018 in a move seen as supporting the moribund property market.