EDGEPROP. 30TH MAY: Powerhouse is part of Chelsea Waterfront, a luxury development located on the northern bank of the River Thames in the Royal Borough of Kensington and Chelsea. Hong Kong-based property developer CK Asset Holdings Ltd will be launching luxury apartment Powerhouse in Chelsea Waterfront for the Malaysian market through a sales and exhibition […]
DAILY EXPRESS. 29TH MAY: The Sabah Housing and Town Development Authority (LPPB) has, so far, built 29,218 units of low-cost houses statewide and more are being constructed, said Deputy Chief Minister II cum Local Government and Housing Minister Datuk Seri Dr Joachim Gunsalam at the State Legislative Assembly sitting on May 25. He said a total of […]
FORBES. 29TH MAY: Far East Organization and its sister company Sino Group—both controlled by billionaire brothers Robert and Philip Ng—sold 82% of the apartment units marketed for sale over the weekend at a residential condominium project in the Bukit Timah district in the westernmost part of Central Singapore, defying slower sales at other projects after the government stepped up […]
PROPERTY GURU. 29TH MAY: Penang has issued a ban on all forms of short-term rental accommodation (STR) within private residential properties on the island. Meanwhile, the state government of Perak has taken several measures to protect and restore Malay reserve land’s status, such as entering a new caveat to ensure that such land is only […]
NEW STRAITS TIMES. 30TH MAY: The number of delayed, ‘sick’ and abandoned private housing projects is expected to increase due to the effects of the Movement Control Order (MCO) which saw development projects halted to curb the spread of COVID-19. Deputy Local Government Development (KPKT) Minister Akmal Nasrullah Mohd Nasir said the task force for […]
FREE MALAYSIA TODAY. 29TH MAY: Deputy local government development minister Akmal Nasrullah Nasir blames the impact from the Covid-19 lockdowns for this predicament. The number of “sick”, delayed and abandoned private housing projects will likely increase, says deputy local government development minister Akmal Nasrullah Nasir. He said the increase of such problematic housing projects were due to […]
DAILY EXPRESS. 29TH MAY: Property developers in Sabah have been urged to build more affordable housing to meet the basic needs of the people and growing demand for such housing. State Industrial Development and Entrepreneurial Minister Phoong Jin Zhe said they should build more affordable houses priced between RM300,000 and RM400,000 instead of focusing only on luxurious […]
EDGEPROP. 29TH MAY: IOI Properties said the property development segment achieved sales with contracts exchanged at RM1.37 billion for 9MFY2023. Local projects contributed RM1.14 billion, which is 83% of the total sales and the sales secured were largely from the Klang Valley region (RM645.6 million), followed by Johor (RM457.4 million). IOI Properties Group Bhd posted a […]
EDGEPROP. 25TH MAY: Sunway group chief financial officer Chong Chang Choong said the group’s 1QFY2023 financial performance was better than the pre-pandemic period, anchored by sustained domestic economic growth. Higher contributions from property investment and healthcare segments lifted Sunway Bhd’s first quarter net profit by 3.76% to RM141.64 million from RM136.51 million a year ago. This […]
EDGEPROP. 24TH MAY: At a seminar on the Kuala Lumpur (KL) property market jointly organised by EdgeProp Singapore and UEM Sunrise on May 20, visitors thronged the grand ballroom at Hilton Singapore Orchard, where the event was held. The three-hour seminar saw speakers presenting to an attentive audience which predominantly comprised Singaporeans interested in investing in […]