Properties News
Over 100 made homeless after Bentong blaze
BENTONG: More than 100 people were made homeless when their houses were razed in a fire at Kampung Ketari near here.
Damage control: Residents looking on helplessly as the fire razes the houses at Kampung Ketari, Bentong, yesterday
The fire, which started at around 3.30pm yesterday, destroyed 26 houses. It was brought under control by 4.50pm.
There have been reports that the fire may have been...
In a fix over land deal
PETALING JAYA: Malaysians and other Asians who invested in a Canadian land scheme through a property company are in limbo after it went into liquidation.
According to Chin Yoke Ling, who invested RM75,000, people from all over Asia had invested to buy 12 plots of land in Alberta from Edge-worth Properties Inc from 2007 to 2011.
“According to the sale and purchase agreement, the company would buy...
800 more telco towers to be set up in rural areas
KUALA LUMPUR: Over 800 more telco towers will be set up in rural areas throughout the country by the end of the year, said Deputy Information, Communications and Culture Minister Datuk Joseph Salang.
He said the exercise came under the purview of the Malaysian Communications and Multimedia Commission’s (MCMC) Time 3 Programme, aimed at bridging the digital divide between rural and urban areas.
“The...
Demand for luxury houses seen to be flattish
PETALING JAYA: Demand for houses priced around RM1mil has dropped and is expected to be flattish throughout this year, a reflection of real estate transaction volumes across the Asia-Pacific, an online survey in Malaysia and a Hong Kong-based report show.
External uncertainties, the general election factor on the local front and a general wariness about a possible bubble in the Malaysian market had...
Tax spotlight on green building materials
PETALING JAYA: The Energy, Green Technology and Water Ministry will look at ways to reduce the costs of green building materials in order to encourage the use of such materials in property and public infrastructure development.
“We can consider this. I will definitely look seriously at this.
“For example, the import duties on such materials,” said Energy, Green Technology and Water Minister Datuk...
Court throws out two agencies’ bid to stop suit in land ownership tussle
GEORGE TOWN: A High Court here has dismissed an application by two land agencies to strike out a suit filed by a group of villagers claiming that the ownership of their land was unlawfully transferred.
Justice Yaacob Md Sam dismissed with costs the application filed by Cermai Semangat Sdn Bhd and Bersatu Stabil Sdn Bhd in the suit brought against them and five others by 13 residents of Kampung Boundary...
Gefung may be injected with properties or plantations
PETALING JAYA: Gefung Holdings Bhd, a company that saw Datuk Allan Lim Kim Huat surface as its largest shareholder back in 2009, may see the injection of new assets in the form of properties or plantations, according to industry sources.
Although details are sketchy at the moment, the announcement for the asset injection is likely to happen within one month.
Gefung, which is involved in the processing...
DBKL: 7,687 tenants will get loans under first phase
KUALA LUMPUR mayor Tan Sri Ahmad Fuad Ismail said the first phase of the special funding scheme of the DBKL public housing units will invlove 7,687 tenants.
These tenants are unable to obtain loans to buy the units. The Employees Provident Fund (EPF) will create a fund in the form of a loan scheme to Syarikat Perumahan Wilayah Persekutuan (SPWP) in phases based on the selling progress.
Towering sight:...
Landowners contest High Court default judgment
KUALA LUMPUR: Lawyer M. Manoharan has obtained a judgment in default from the High Court for RM3.9mil in legal and consultation fees for allegedly acting for two land owners.
However, the land owners – medical centre Imran ENT Specialist Sdn Bhd and its director Aminah Sirajudin – are applying to set aside the judgment.
Yesterday, High Court judge Justice Zabariah Mohd Yusof set March...
About 118 Felcra settlers are given the grants after waiting for four decades
PAGOH: Some 118 Felcra Paya Kepar settlers were presented with their land grants after a 40-year wait.
Among them were 74-year-old Abdullah Munab who was grateful to own the soil that he had been cultivating over the years.
“Only God knows how happy I am today,” he said at the event which was attended by Deputy Prime Minister Tan Sri Muhyiddin Yassin.
Another settler, Hussein Md Damos, 60, said...
