MALAY MAIL. 22ND OCTOBER: Easing the strict conditions for the My Malaysia Second Home (MM2H) programme and the high rental in Singapore will provide a much-needed boost to the Johor real estate sector. State Housing and Local Government Committee Chairman Datuk Mohd Jafni Md Shukor said this development can also resolve the issue of unsold […]
NEW STRAITS TIMES. 20TH OCTOBER: As cranes increasingly dot Malaysia’s skylines and construction sites buzz with non-stop activity, a curious imbalance has taken shape. Amid the rising apartment complexes, suburban enclaves and gated communities, a significant number of residential properties stand vacant, their doors open and awaiting the footsteps of prospective occupants. The phenomenon of […]
THE EDGE. 18TH OCTOBER: Sime Darby Property Bhd (SDP), the country’s largest property developer by land bank, will consider new ventures, including potential opportunities to develop properties abroad, as it looks to advance its third engine of growth. The group, which is on a journey to transform itself from a pure-play property developer into a […]
THE EDGE. 18TH OCTOBER: The government is looking into raising the floor for issued and paid-up capital for new property developers, and to blacklist directors of sick and abandoned projects in an effort to ensure the sustainability of the housing sector. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir said the government is currently […]
PROPERTY GURU. 18TH OCTOBER: Prime Minister Datuk Seri Anwar Ibrahim announced that the government will lower the requirement for en bloc sales to secure 100% approval from apartment owners at a strata property scheme. Meanwhile, the government plans to establish the country’s first Bandar PR1MA project at a 57.5ha land situated near the Universiti Pendidikan […]
THE RAKYAT POST. 18TH OCTOBER: The selling prices of homes have become a significant barrier for individuals seeking housing financing, evident in the rejection of 86.1% of loan applications. The choice between buying and renting a residence is a topic often debated among the public. Some prefer renting over buying property due to the excessively […]
THE EDGE. 17TH OCTOBER: The first phase of Sime Darby Property Bhd’s final high-rise residential development in Ara Damansara — TRiARA Residences — has sold 216 out of 304 units launched on September 23, 2023. This amounts to RM225.9 million in bookings. The 5.6-acre development comprises three blocks of modern, multi-generational units. It will offer a total of 450 […]
THE MALAYSIAN RESERVE. 16TH OCTOBER: The property sector was touted to be the biggest disappointment following the lack of fresh initiatives to reduce property prices and improve housing affordability for the M40 group, while the raise in service tax implies that the cost of construction will be passed down to purchasers, said Apex Research. “With […]
THE STAR. 16TH OCTOBER: Scientex Bhd aims to acquire more land in high-potential regions across Peninsular Malaysia with substantial demand for affordable homes. Scientex property division chief operating officer Datuk Alex Khaw Giet Thye said the expansions will allow the group to meet housing demands of local communities while ensuring sustainable growth of the company’s […]
FREE MALAYSIA TODAY. 13TH OCTOBER: Among the highlights are rationalised subsidies for diesel and RM10 billion for Rahmah cash aid programme. Prime minister and finance minister Anwar Ibrahim has tabled the 2024 federal government budget, with a total allocation of RM393.8 billion. This represents a RM5.8 billion increase compared to the RM388 billion that was […]