PRESSURED BY HOUSING DEMAND
05th March 2005
In trying to meet the demand for housing, the Selangor State Government dismissed the seriousness of potential ecological damage to its forest reserves when it degazetted close to 60 hectares (150 acres) of the green lung in Shah Alam for housing projects, and another two hectares (five acres) of the Sungai Buloh forest for industrial purposes.
THE WHOLE NINE YARDS
12th March 2005
Seven housing developers with projects in Section U10, Shah Alam, will be taken to task by the Shah Alam City council for flouting the law. They were alleged to have commenced with the earthworks before getting the official green light to proceed. Another two which disregarded approved specifications in drainage and retention ponds’ provision, will also be hauled up as part of the Selangor state government’s actions to prevent further damage to the Bukit Cahaya Seri Alam Agricultural Park.
19th March 2005
If you have an entrepreneurial streak, you need not worry your head off over whether the real estate bubble is about to blow just because interest rates will soon be rising and inventories seem to be bulging by the day.
PINNING HOPE ON REITs
26th March 2005
On January 3, 2005, an event occurred that would prove a landmark move in Malaysian REIT history.