EDGEPROP. 21ST SEPTEMBER: The international buyers often compared TRX Residences to well-known districts like Marina Bay in Singapore, ICC in Hong Kong and Canary Wharf in London. TRX Residences, the landmark residential towers located in Malaysia’s international financial district of Tun Razak Exchange (TRX), has successfully sold 90% of its available units. “The appeal of TRX Residences is clearly […]
THE EDGE MALAYSIA. 21ST SEPTEMBER: Three associations representing property managers and consultants, estate agents, and valuers have come out to support the government’s move to refine the Strata Management Act 2013 as part of its 12th Malaysia Plan Mid-Term Review revealed this month. In particular, the proposed amendment on the Act includes a requirement for […]
FREE MALAYSIA TODAY. 22ND SEPTEMBER: Industry has potential to grow if borrowing cost remains high and tenant protection is improved, experts in property sector say. A steady increase in property prices over an extended period of time has put home purchasing beyond the reach of many. To this end, developers are expected to cash in […]
THE MALAYSIAN RESERVE. 21ST SEPTEMBER: Scientex Bhd counter has been downgraded to a ‘hold’ from a ‘sell’ at Affin Hwang Investment Bank Bhd (AHIB), with an unchanged 52-week target price of RM3.95, as its share price has increased more than 13% since the research house’s last note in June. The update follows the company’s filing yesterday […]
EDGEPROP. 20TH SEPTEMBER: In terms of its property division, Scientex said it is optimistic that demand for its affordable housing will remain resilient for the coming financial year. Global packaging manufacturer and property developer Scientex Bhd posted a strong finish to its financial year ended July 31, 2023 (FY2023), thanks to better performance from its […]
MALAY MAIL. 20TH SEPTEMBER: Police have set up a task force to further investigate a major housing and property investment scam in which victims were promised financial returns and real estate assets. Sarawak Police Commissioner Datuk Mohd Azman Ahmad Sapri said two individuals have already been charged in a Miri court in March this year […]
REALTY+. 21ST SEPTEMBER: The government has been urged to revise the eligibility criteria for buying affordable homes under the PR1MA project, lowering minimum household income from RM2,500 to RM2,000. Meanwhile, Khazanah Research Institute’s Theebalakshmi Kunasekaran believes vacancy tax will help address the issue of property overhang in Malaysia. The government has been urged to revise […]
FREE MALAYSIA TODAY. 20TH SEPTEMBER: Prospective homeowners still depend heavily on government aid to acquire property, according to PropertyGuru report. Prospective homeowners are reevaluating their priorities, showing willingness to forgo certain amenities in their quest for an affordable home, according to PropertyGuru’s Consumer Sentiment (CSS) Study H2 2023 report. “This shift highlights a changing consumer […]
THE SUN DAILY. 20TH SEPTEMBER: More than half or 56% of Malaysians are keen to enter the property market in 2024 despite economic challenges and rising property prices, a study conducted by PropertyGuru Malaysia and iProperty Malaysia indicates. Its consumer sentiment study (CSS) for the second half of 2023 (H2’23) showed that the purchasing intent […]
NEW STRAITS TIMES. 19TH SEPTEMBER: The local property and construction sectors are set to benefit from Johor’s supercharged growth phase, spurred by government-led catalytic developments as well as influx of foreign and domestic direct investments. Although the Iskandar Malaysia property market went through a challenging period in 2015-2021, major developers remain confident on the long-term […]