PROPERTY GURU. 11TH JULY: The Sultan of Johor believes the Malaysia My Second Home (MM2H) programme needs improvement in terms of policy, benefits and incentives to ensure that it will not burden applicants. Meanwhile, the state government of Perak has increased the size of its Malay reserve land by 2,409.28ha, which includes high-value government land. […]
EDGEPROP. 10TH JULY: Overall, he said 149 sick private housing projects had been rehabilitated involving 17,436 housing units, with a value of RM15.2 billion that had either received a CCC or back on the construction schedule since the action committee for sick and abandoned private housing projects was established. A total of 31 “sick” private housing […]
EDGEPROP. 7TH JULY: PAM said this is due to an alarming increase in the unnecessary felling of street trees by local governments in the Greater Kuala Lumpur region. The Malaysian Institute of Architects (PAM) has urged local governments to adopt a more sustainable approach towards urban development and prioritise the preservation and planting of new […]
FREE MALAYSIA TODAY. 7TH JULY: Stagnant wages, inflation and declining ringgit are greater factors influencing property market activity, they say. Property experts have downplayed the impact of Bank Negara Malaysia’s (BNM) decision to maintain the overnight policy rate (OPR) at 3% on the property market. PPC International Sdn Bhd’s managing director Sidsapesan Sittampalam said that BNM’s […]
NEW STRAITS TIMES. 6TH JULY: Sarawak Consolidated Industries Bhd’s (SCIB) unit has terminated a job to build housing for civil servants from Awana JV Suria Saga Sdn (AJVS), due to non progress. AJVS appointed SCIB’s unit SCIB Properties Sdn. Bhd. as the main contractor for the project on September 22, 2023. According to its filing with […]
THE STAR. 7TH JULY: The outlook for the Malaysian furniture market remains bleak as the sector’s largest export destination, the US, continues to experience housing issues. Hong Leong Investment Bank (HLIB) Research, which has a “neutral” call on the sector, said US home prices remain elevated despite falling demand and a shortage of supply while high […]
EDGEPROP. 5TH JULY: “Right now, under the current act (law), we have to get 100% consent from the residents (of the identified projects) to implement a redevelopment [plan], which is not possible… We will be coming out with a new act soon, to speed up the progress of the redevelopment projects. How soon is that? I […]
THE MALAYSIAN RESERVE. 4TH JULY: TWL Holdings Bhd has decided to cancel its plans for a joint development project in Klang, Selangor, after six years. The company terminated its memorandum of understanding with LJ Development (KL) Sdn Bhd, as stated in a filing with Bursa Malaysia. The proposed venture involved the construction of residential and/or commercial […]
THE MALAYSIAN RESERVE. 3RD JULY: Singapore home prices fell for the first time in three years in the second quarter, suggesting the market is cooling on the back of the latest property curbs. Private property values slid 0.4% from the previous three months, when they rose 3.3%, according to flash estimates released by the Urban Redevelopment […]
THE MALAYSIAN RESERVE. 3RD JULY: Plans for 24,658 homes have been launched in Dubai this year, about 37% higher than those launched during the same period in 2022 On Dubai’s manmade island of Palm Jumeirah, soaring laser beams signal the latest outsized construction project getting started. At 71 stories high and with 76 penthouses, Como Residences will be […]