Daily Industry News Update (15 July 2021)

INDUSTRY NEWS (15 JULY 2021)

AmResearch: Lockdown weighs down property sector recovery

The local property sector has been languishing over the past five to six years since hitting an upswing in mid-2013 when the House Price Index (HPI) showed double-digit growth. Such bearish sentiment is poised to linger a while longer as the 2H 2021 property sector outlook

Bandar Malaysia stake sale deal lapsed

The Bandar Malaysia development project appears to have stalled after the restated and amended share sale agreement (Rassa) for the sale of 60% shares in Bandar Malaysia Sdn Bhd (BMSB) to IWH-CREC Sdn Bhd (ICSB) lapsed on May 6, 2021. According to a joint statement

Cleaner, sustainable city for future generations

Back in 2013, frustrated garbage contractors dumped some 250 tonnes of waste along the Kuala Lumpur Middle Ring Road 2 (MRR2) due to the lack of proper maintenance needed to run the Taman Beringin, Kuala Lumpur transfer station.  After Alam Flora Environmental

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