PROPERTY GURU. 5TH SEPTEMBER: A property expert has called for the creation of a second special financial zone in Medini City, in addition to the one in Forest City. Meanwhile, the Perak Land and Mines Office (PTG) will cease issuing quit rent (land tax) bills manually from next year as part of its efforts to […]
NEW STRAITS TIMES. 5TH SEPTEMBER: A total of 536 ‘extension of time’ (EOT) approvals were issued to property developers from 2014 to mid-2019, according to Datuk Chang Kim Loong, secretary general of the National House Buyers Association (HBA). EOT is one of the provision clauses in the standard contract form; in the event of unforeseen […]
THE MALAYSIAN RESERVE. 3RD SEPTEMBER: Distressed Chinese builder Country Garden Holdings Co. has wired a coupon payment coming due on a ringgit-denominated bond, according to people familiar with the matter, in its latest effort to avoid default. The developer, which won approval Friday to extend a separate maturing yuan bond, told creditors that it has made the […]
EDGEPROP. 4TH SEPTEMBER: Singapore registers as the top-performing market with 8% YOY growth. Kuala Lumpur and Penang saw their prices grew by 0.34% and 5.78% YoY respectively, with the latter being the second-best performing city in Southeast Asia 14 out of 25 cities monitored recorded positive annual price growth in H1 2023, with Singapore registering […]
THE STAR. 4TH SEPTEMBER: Lagenda Properties Bhd is targeting up to 20% growth for its current financial year, on the back of strong continued demand for its affordable homes. Given the Perak-based property developer’s confirmed sales achievement in the first half of this year, managing director Datuk Jimmy Doh said achieving its 2023 sales target is […]
NEW STRAITS TIMES. 3RD SEPTEMBER: On the approach to Malaysia’s US$100-billion island megaproject backed by Chinese investment, a collapsed bridge forces drivers to detour before they reach an artificial city emerging from palm oil trees where condos, roads and shops lay empty. Aimed at middle-class Chinese buyers, Forest City has weathered scant sales, Chinese currency […]
THE EDGE. 3RD SEPTEMBER: Avaland Bhd is launching the RM475 million Amika Residences in Subang Jaya this month. Comprising 468 serviced apartments in two towers and 24 retail units, the development is inspired by the Japanese art of simplicity and minimalism aesthetic. “The name Amika signifies ‘beauty’ or ‘vividness’ in Japanese and [the project] is […]
THE STAR. 2ND SEPTEMBER: Sabah housing developers must help the state government in its efforts to provide affordable housing for the people, says Deputy Chief Minister II Datuk Dr Joachim Gunsalam. He said the government is ready to discuss with industry players on a mechanism that would enable them to build high-end, luxury houses as […]
EDGEPROP. 31ST AUGUST: The ministry in a statement today, said the visit was an ongoing effort to strengthen the close ties which had existed as Singapore is an important neighbour and friend of Malaysia. According to the statement, a sincere and close interaction between the leadership of the two countries would lead to mutual cooperation […]
RADIO FREE ASIA. 31ST AUGUST: In a further blow for China’s property market, Evergrande’s bigger rival feels the pinch. Long considered safer than its embattled property-developer rivals, Chinese property developer Country Garden has revealed a record U.S.$6.7 billion loss for the first six months of this year. The property company said it would raise U.S.$34 […]