THE MALAYSIAN RESERVE. 22ND FEBRUARY: The latest reports from real estate experts show that the market is set to experience a surge in prices this year due to the continued increase in the cost of construction materials. The trend is expected to persist for the next 12 months, which will have a significant impact on the […]
EDGEPROP. 20TH FEBRUARY: MCT said the proposal would mark its first land acquisition in Kuala Lumpur and the project would serve as an extension of the group’s premium Aetas series. MCT Bhd plans to fork out RM58 million cash to purchase a 1.57-acre parcel of land in Seputeh, Kuala Lumpur, to serve as the site of a proposed […]
EDGEPROP. 21ST FEBRUARY: ADSB will design and build the houses within three years from the date of formal approval of the project by the state planning authority. YKGI Holdings Bhd has bagged a RM271.62 million contract to build affordable houses in Sarawak. In a bourse filing, YKGI said its 80.36%-owned subsidiary ASTEEL Development Sdn Bhd (ADSB) will […]
PROPERTY GURU. 22ND FEBRUARY: Local Government and Development Minister Nga Kor Ming said the government will issue support letters to buyers of ‘sick’ projects to help them restructure loans taken to acquire the affected properties. Meanwhile, single people in Selangor, especially those under 30, will have the opportunity to acquire one-room flats spanning 450 sq ft […]
SPOOOOL. 19TH FEBRUARY: How the Real Estate Market in Kuala Lumpur, Malaysia Has Changed Over the Years Kuala Lumpur, the capital of Malaysia, is a bustling metropolis that has seen a dramatic transformation in its real estate market over the years. In the past, the city was known for its low-cost housing and limited investment opportunities. […]
PENANG PROPERTY TALK. 16TH FEBRUARY: Perbadanan PR1MA Malaysia (PR1MA) under the Local Government Development Ministry will be building some 4,000 high-rise homes in Penang over the next five years. The agency will carry out residential and mixed development projects on its two plots of land measuring 121.4ha in the state. The projects have an estimated […]
FREE MALAYSIA TODAY. 16TH FEBRUARY: House buyers group says progress reports should be reviewed to see if government intervention is needed. A house buyers association has called for quarterly audits to be made of housing projects under construction for early detection of problems. Experts should comb through these reports to see if government intervention is needed, […]
MALAY MAIL. 16TH FEBRUARY: PropertyGuru Malaysia’s Sale Demand Index dropped 14.8 per cent in the fourth quarter (Q4) 2022, reflecting how potential buyers may still be facing affordability issues or a lack of confidence towards the current property prices on the market. PropertyGuru Malaysia said its Malaysian Property Market Report (MPMR) Q1 2023 revealed that […]
FREE MALAYSIA TODAY. 16TH FEBRUARY: The government will issue support letters to help buyers of “sick” projects in applications to restructure loans taken for the purchase of affected properties, says local government and development minister Nga Kor Ming. In a written reply to Parliament, Nga said as of Jan 31, there are 429 projects, comprising […]
EDGEPROP. 14TH FEBRUARY: He added that sustainable town planning and management need to be complemented with the preparation of holistic infrastructure and facilities that prioritise accessibility, connectivity, comfort and prosperity. The Ministry of Local Government Development is committed to strengthening town planning provisions and policies by focusing on six development criteria. Minister Nga Kor Ming said the ministry, […]