KUALA LUMPUR, May 27 Umno’s Pasir Salak MP Datuk Seri Tajuddin Abdul Rahman is a man with a long history of controversy and uncouth behaviour throughout his political career. Tajuddin is known for his notoriously brash nature and abrasive language, from being sacked by the Umno Supreme.
KUALA LUMPUR (Dec 29): AmInvestment Bank Research has maintained its “neutral” rating of the property sector, saying the circumstances would remain challenging in the next 12 months.
In a sector report today, AmInvestment analyst Thong Pak Leng said even with most developers having achieved new sales targets, sales were down about 22% in the cumulative first nine months of 2020 (9M20), compared to the previous year, due to a lacklustre market amid the Covid-19 pandemic.
Developers were instead more aggressive in clearing unsold units by offering discounts with the inventory level on a declining trend, said Thong.
AmInvestment said in certain segments, developers with overseas exposure will do better in the medium term, especially in China and Singapore.
PRASARANA Malaysia Bhd chairman Datuk Seri Tajuddin Abdul Rahman is looking to make significant changes at the rail and bus transport operator some of which may raise questions about the leadership and direction of the government-owned company.
For starters, documents viewed by The Edge reveal that Tajuddin, who was appointed chairman on May 11, had sought the termination of the contractors of the transport-oriented development at the Dang Wangi light rail transit (LRT) station, with Prasarana looking to play a more prominent role in the project and eventually move its office to the new development. The project going on at the LRT station is Latitud 8, a mixed-use commercial development with a gross development value (GDV) of RM1.2 billion.