NEW STRAITS TIMES. 2ND MAY: The recent doubling of Singapore’s non-resident property taxes is expected to raise foreign purchases in Malaysia by 15 per cent over the next 12 months, particularly in Johor, Kuala Lumpur, and Selangor. This is in addition to the already anticipated growth in important Malayan markets, according to Juwai IQI’s co-founder and […]
THE STAR. 1ST MAY: Lagenda Properties Bhd remains optimistic that there will be steady demand for affordable housing in the country, despite concerns of a softening economy, elevated inflation and higher interest rates. Managing director Datuk Doh Jee Ming said there is still healthy demand for affordable housing tailored towards the B40 segment’s financing repayment capability. “The Covid-19 […]
EDGEPROP. 1ST MAY: “Any disputes, questions or answers regarding the PSI project have passed, even DOE and all technical agencies have also set conditions and if the state government cannot comply with the conditions, then the Environmental Management Plan (EMP) will not be approved.” Penang Chief Minister Chow Kon Yeow (pictured) says there is no need to debate […]
EDGEPROP. 29TH APRIL: The auditor, KPMG PLT, noted that financial statements indicated that the group incurred net losses of RM43.3 million while the company incurred net losses of RM3.2 million for FY2022. “As of that date, the group’s and the company’s current liabilities exceeded their current assets by RM48.6 million and RM80.5 million respectively,” the […]
EDGEPROP. 28TH APRIL: In a Bursa Malaysia filing on Friday (April 28), the property developer said it had entered into a settlement and subscription agreement with Tan Sri Tan Chee Sing through his wholly-owned T Shares 1 Sdn Bhd (TSSB), to settle the amount owed. Tropicana Corp Bhd is issuing 137.68 million new shares to […]
THE MALAYSIAN RESERVE. 26TH APRIL: Melaka-based property developer, Teladan Setia Group Bhd, through its wholly-owned subsidiary, Teladan Setia Sdn Bhd (TSSB), has signed a memorandum of understanding (MoU) with solar photovoltaic (PV) service provider, Micro Energy Holdings (M) Sdn Bhd (MEH) to install solar PV systems in its Taman Bertam Heights Phase 2A gated and guarded […]
THE EDGE MARKETS. 27TH APRIL: The government is levying higher ABSD (Additional Buyers’ Stamp Duty) rates, in a bid to cool the property market that remains firm even with a dimmer economic outlook. “The revisions to the ABSD rates to help moderate investment demand will complement our efforts to ramp up supply, to alleviate the […]
THE EDGE MARKETS. 26TH APRIL: In 2022, the Sabah property market saw a rebound as the nation moved from the pandemic stage to the endemic phase, according to Rahim & Co regional manager (Sabah) Max Sylver Sintia in presenting the Kota Kinabalu Housing Property Monitor 4Q2022. Max says that in 2022, the residential property market […]
MALAY MAIL. 27TH APRIL: Developers in Penang will delay some new residential projects in the state this year as labour and materials costs continue to rise. Real Estate and Housing Developers’ Association (Rehda) Penang branch chairman Khoo Teck Chong said the number of new launches this year could be up to 60 per cent lower […]
PROPERTY GURU. 25TH APRIL: The government has agreed to review Malaysia My Second Home (MM2H) programme’s terms and conditions, after reports of a 90% decline in applicants due to its strict requirements. Meanwhile, the Real Estate and Housing Developers Association (REHDA) wants the state government to review the terms of sale for Johor affordable housing […]