CNA. 22ND AUGUST: News of Country Garden’s debt crisis in China has sparked fears among residents living in the developer’s subsidiary projects in Johor Many are worried that unfinished projects will be abandoned and property prices will fall further Industry experts say residents concerns are valid and Country Garden Malaysia should publicly clarify if projects […]
MALAY MAIL. 22ND AUGUST: Another sick housing project in Taman Saujana Jaya, here, has been completed with its 110 buyers receiving their house keys today. State Housing and Local Government Committee chairman Mohd Jafni Md Shukor said the project, which was supposed to have been completed in June last year, was abandoned for two years. […]
THE EDGE. 21ST AUGUST: The Perak government is expected to review the eligibility of low-cost house buyers in the state by raising the household income threshold from RM3,860 to RM5,000 a month. Perak Menteri Besar Datuk Seri Saarani Mohamad said the proposal would be presented to Lembaga Perumahan dan Hartanah Perak (LPHP) during a state […]
EDGEPROP. 22ND AUGUST: “Lagenda has a proven track record of delivering landed affordable housing with lifestyle facilities and our key projects have recorded take-up rates of above 90%.” Lagenda Properties Bhd’s net profit fell 34.13% to RM33.19 million in the second quarter ended June 30, 2023 (2QFY2023), from RM50.38 million a year ago, amid lower […]
EDGEPROP. 22ND AUGUST: Apex said house price-to-income ratio worsened, indicating rising prices and declining incomes. Apex Securities Bhd has initiated coverage on Lagenda Properties Bhd, which specialises in developing affordable landed properties and integrated townships to the B40 and M40 income groups in Malaysia, at RM1.24 and fair value of RM1.52. In a note on […]
PROPERTY GURU. 22ND AUGUST: Economist Datuk Jalilah Baba said the stricter criteria for Malaysia’s My Second Home (MM2H) program should not be misunderstood as discouraging participants from the scheme. Meanwhile, Kuala Lumpur City Hall’s (DBKL) Council of Buildings has introduced a new rule that bans the construction of room partitions or additional bedrooms in commercially-titled […]
NEW STRAITS TIMES. 22ND AUGUST: Housing project abandonment during construction has been a recurrent issue in Malaysia’s housing market since the 1980s. This is a serious situation, as it slows real estate investments and overall economic growth. A clear evidence of this tendency can be seen in the construction industry’s diminishing contribution to Malaysia’s gross […]
THE EDGE. 20TH AUGUST: Singapore Prime Minister Lee Hsien Loong said he will help citizens cope with retirement and homeownership, seeking to refocus the agenda on core issues after controversies involving his ruling party. The city state’s political succession plans are also back on track after the pandemic and recent scandals won’t derail it, Lee said in […]
EDGEPROP. 21ST AUGUST: According to RHB Investment Bank (RHB IB), which has received insights from real estate agency Knight Frank Malaysia, a lot of infrastructure projects, property developments, facility expansions and investments are “brewing” in Iskandar Malaysia, which is formed by major cities in Johor. Property prices of high-rise projects and rental rates at shopping […]
THE MALAYSIAN RESERVE. 17TH AUGUST: Judging by China’s official statistics, the nation’s housing market has been remarkably resilient in the face of tepid economic growth and record defaults by developers. New-home prices have slipped just 2.4% from a high in August 2021, government figures show, while those for existing homes have dropped 6%. But the picture emerging […]