THE EDGE. 12TH SEPTEMBER: Sunway Bhd’s unit has secured a land parcel near Jurong West from the Housing and Development Board of Singapore, to develop an executive condominium (EC) housing development project worth RM1.2 billion (S$348.5 million). In a filing to Bursa Malaysia, the company said its subsidiary Sunway Developments Pte Ltd (SDPL) and Hoi […]
THE STAR. 13TH SEPTEMBER: The implementation of a vacancy tax could be a key factor in addressing the issue of vacant and unsold housing units across Malaysia. Khazanah Research Institute’s Theebalakshmi Kunasekaran said this tax is imposed on housing units that remain unoccupied or unused for a certain time period. It is usually calculated as […]
FREE MALAYSIA TODAY. 11TH SEPTEMBER: Under the 12th Malaysia Plan mid-term review, the ‘exit policy’ regulation will also be applied on tenants who no longer qualify to stay in a public housing unit. The government will enforce a new regulation to ensure that eligible citizens are allowed to buy only one unit under the affordable […]
PENANG PROPERTY TALK. 12TH SEPTEMBER: Ten new transportation projects have been included in the 12th Malaysia Plan (12MP) including the Penang light rail transit (LRT) project. During the presentation of the mid-term review of the 12MP, Prime Minister Datuk Seri Anwar Ibrahim said the government emphasised the development of sustainable and resilient transport and logistics […]
PROPERTY GURU. 12TH SEPTEMBER: Cheras MP Tan Kok Wai acknowledged that rectifying the sale of government-owned land, an issue inherited by the unity government is proving to be challenging and costly. Meanwhile, a police veterans association has urged the government to acquire established apartments and flats and convert them into police housing to address the […]
THE STAR. 11TH SEPTEMBER: Some 800 units of houses of various sizes will be constructed in Kuala Lumpur, Selangor and Penang under the pilot Madani Inclusive Housing project, says Datuk Seri Anwar Ibrahim. While tabling the 12th Malaysia Plan (12MP) Mid-Term Review in the Dewan Rakyat on Monday (Sept 11), the Prime Minister said the […]
EDGEPROP. 11TH SEPTEMBER: MARC said the rating affirmation incorporates Sunsuria’s property development approach, healthy overall take-up rates, and low inventory level. MARC Ratings has affirmed its rating of A+IS with a stable outlook for Sunsuria Bhd’s RM500 million Islamic medium-term notes programme (sukuk wakalah). The outstanding amount under the programme stood at RM181 million as […]
EDGEPROP. 8TH SEPTEMBER: An HDA is an account for deposit savings for developers to obtain development licences and financial loans for construction, and to regulate projects from being abandoned. Housing development account (HDA) weaknesses in monitoring and management procedures are among factors identified as contributing to problematic housing projects. Deputy Local Government Development Minister Akmal […]
THE EDGE. 6TH SEPTEMBER: Paramount Corp Bhd said it expects to report stronger earnings for the second half ending Dec 31, 2023 (2HFY2023), driven by new launches and ongoing efforts to improve its return on assets. The group, which recorded property sales of RM617 million in 1HFY2023, has planned property launches worth RM700 million in […]
THE EDGE. 6TH SEPTEMBER: IJM Land Bhd, the property development arm of IJM Corp Bhd, is joining a growing number of property companies seeking to diversify their risk from pure residential development projects for sale to include alternative sources of revenue from recurring income properties. This follows two years of the Covid-19 pandemic-fuelled slowdown in […]