NEW STRAITS TIMES. 17TH APRIL: The amount of unsold completed residential properties fell to 27,746 units worth RM18.41 billion at the end of December 2022, down from 36,863 units for RM22.79 billion the previous year. Johor retained its position as the state with the most unsold properties and the greatest value, with 5,258 units worth […]
THE EDGE MARKETS. 16TH APRIL: Initially an industrial enclave, Section 13 is one of the last few tracts in Petaling Jaya that are still available for redevelopment, thanks to a rezoning exercise carried out more than a decade ago. Some of the recent land transactions are the purchase of Dutch Lady Milk Industries Bhd’s 9.93-acre […]
EDGEPROP. 16TH APRIL: Local Government Development Minister Nga Kor Ming announced the increment of RMR monthly household income eligibility application from RM3,000 to RM5,000 to benefit more people by providing opportunities for the targeted group to apply for the scheme under Syarikat Perumahan Negara Berhad (SPNB). The government’s decision to increase the monthly household income […]
FREE MALAYSIA TODAY. 14TH APRIL: Johor has the highest number of unsold properties, followed by Selangor and Penang. The number of unsold completed residential properties declined to 27,746 units worth RM18.41 billion as of December 2022 compared with 36,863 units worth RM22.79 billion at the end of 2021. Deputy finance minister Ahmad Maslan said Johor maintained […]
FREE MALAYSIA TODAY. 16TH APRIL: The proposed new law will protect tenants from being forced to vacate without proper notice being served. The Residential Tenancy Bill, a proposed law to protect housing tenants, can only be tabled in Parliament next year, according to a deputy minister. Akmal Nasrullah Nasir, deputy minister for local government development, said […]
EDGEPROP. 14TH APRIL: Transport Minister Anthony Loke said the Kajang 2 railway station adopted the transit-oriented development concept using the private-public partnership approach in collaboration with Srijang Kemajuan Sdn Bhd (SKSB). The government welcomes the involvement of the private sector to develop land belonging to Railway Assets Corporation (RAC) along the national railway lines such […]
PENANG PROPERTY TALK. 14TH APRIL: My EG Services Bhd’s sub-subsidiary MY EG Lodging Sdn Bhd has secured a tender from Penang Development Corp for the setting up of a workers village and related facilities at Batu Kawan Industrial Park 3 in Seberang Perai Selatan, Penang. In a filing with Bursa Malaysia, the group said the […]
EDGEPROP. 9TH APRIL: House prices are still rising, albeit at a slow pace. Finger-pointing over who is to blame for this will not get us anywhere. What is needed is will and commitment to bring down property prices and the buck does not stop with the developers. The government must do its part. Let’s face […]
THE RAKYAT POST. 9TH APRIL: The affordable housing project was initially known as PR1MA Fair Park. A name alone is unlikely to affect a property’s value significantly. However, there are some situations where a property’s name can indirectly impact its value. In Ipoh, property buyers of a 1Malaysia Housing Programme (PR1MA) high-rise housing are unhappy that […]
THE EDGE. 11TH APRIL: The Johor Baru property market has stabilised and is steadily moving on an upward trajectory following the country’s transition to the endemic phase of Covid-19, the reopening of its borders and the new unity government, according to KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan when presenting The Edge | KGV […]