PAULTAN. 17TH AUGUST: Sime Darby Beyond Auto, the sole distributor of BYD cars in Malaysia, has announced a collaboration with property developer Scientex to promote the widespread adoption of electric vehicles (EVs) across various housing developments. To support this initiative, Scientex plans to set up EV charging stations at selected locations within its nationwide housing […]
EDGEPROP. 17TH AUGUST: In a bourse filing, the group said its 60%-owned subsidiary LFE Development Sdn Bhd (LDSB) inked the joint venture agreement (JVA) with the owner of the land, Aziho Trading Sdn Bhd (ATSB), for the development of the project known as Taman Residensi Mesra Phase Four. LFE Corp Bhd’s unit signed a deal […]
THE EDGE. 17TH AUGUST: Residential sales in Peninsular Malaysia jumped close to four times to 11,273 units in the first half of 2023 (1H2023), from 3,163 units in 1H2022, according to a survey by the Real Estate and Housing Developers’ Association (Rehda) Malaysia. Residential launches in Peninsular Malaysia also doubled to 14,392 units in 1H2023, […]
THE EDGE. 17TH AUGUST: The Johor Bahru property market has shown signs of improvement, thanks to the reopening of borders in April last year and the spillover effect of impending investments on the property market, says KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan in presenting The Edge | KGV International Property […]
THE SUN DAILY. 17TH AUGUST: The local property market is gradually returning to normalcy as indicated by an increase in the number of launches and sales, according to the Real Estate and Housing Developers Association Malaysia (Rehda). Rehda president Datuk NK Tong said that just over half of the respondents (53%) planned to launch projects […]
NEW STRAITS TIMES. 17TH AUGUST: Bankers and investment research experts predict that the probable adoption of a vacancy tax will have a detrimental influence on the overall property market, according to feedback gathered by the National House Buyers Association (HBA). “The country currently needs more foreign investments, and a vacancy tax will be counterproductive. In […]
PROPERTY GURU. 16TH AUGUST: UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has acquired its first residential development site in Subiaco East in Perth, Western Australia for AUD$22.185 million and will deliver two landmark apartment buildings. The Company has purchased Lots 1 and 2 of The Oval precincts at Subiaco East from DevelopmentWA as part of the […]
FREE MALAYSIA TODAY. 16TH AUGUST: Chief minister Chow Kon Yeow says Perai assemblyman S Sundarajoo has the right experience to lead housing and environment committee. There is no conflict of interest in appointing a former developer as the state executive councillor (exco) in charge of housing and environment, says Penang chief minister Chow Kon Yeow. In defending […]
PENANG PROPERTY TALK. 3RD AUGUST: A National Housing Fund that will help B40 families buy their first home could be on the cards, says Local Government Development Minister Nga Kor Ming. This would be a new concept to help these families own houses, and among the proposals was that the government provide the 10% down […]
EDGEPROP. 2ND AUGUST: “The fact that homebuying stimulates the economy means that government policies that support homebuyers have much bigger benefits for economic growth.” Residential real estate purchases are key to economic growth, with Malaysian homebuyers contributing an estimated RM42.5 billion to the economy last year, according to Juwai IQI. That is equivalent to about 2.7% of […]