EDGEPROP. 25TH JANUARY: The Local Government Development Ministry said that through the new housing policy and more organised planning, as well as with the cooperation of all housing agencies at the federal and state levels, and developers, it would be able to achieve the target of providing 500,000 affordable houses by 2025. The existing National Housing […]
EDGEPROP. 18TH JANUARY: Buyers from mainland China snapped up about US$2 billion (RM8.67 billion) worth of property in Malaysia in 2018. Singapore’s pull factors for rich Chinese include the rule of law, language and cultural ties, as well as its connectivity to the rest of Southeast Asia. As China reopens its border for inbound and […]
EDGEPROP. 18TH JANUARY: “Chancery, with its strategic location and exclusive facilities, is an ideal opportunity for investors looking to upgrade their property portfolios or to expand them, as well as to consider long-term gains through rental income.” The 2.18-acre freehold project comprises 944 residential suites, commercial spaces, exclusive facilities and amenities, and a 145-room hotel, […]
THE EDGE MARKETS. 17TH JANUARY: Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its monetary policy meeting this coming Thursday, reversing the Covid-induced rate cuts. “Following a likely January hike, we expect a pause in March, before another 25bps hike in […]
EDGEPROP. 16TH JANUARY: The banking facilities comprising Term Loan 1 amounted to RM7.2 million, Term Loan 2 (RM3.8 million), Bridging Loan (RM26 million), Revolving Credit (RM4 million) and Performance Guarantee (RM4 million). Thriven Global Bhd announced its subsidiary, Bukit Punchor Development Sdn Bhd, has drawn down partially on its banking facilities granted by United Overseas Bank […]
PROPERTY GURU. 17TH JANUARY: Johor has urged the Local Government Development Ministry to prioritise salvaging “sick” housing projects over abandoned projects within the state. Meanwhile, Kuala Lumpur Mayor Datuk Seri Mahadi Che Ngah said no discount on assessment tax will be offered to property owners in Kuala Lumpur this year. 1) Johor urges ministry to […]
EDGEPROP. 16TH JANUARY: “During the Movement Control Order, we revised and studied the effectiveness of the project and we were able to reduce some elements, enabling us to maintain our construction costs.” 59 Inc Sdn Bhd has restarted the Kota Semarak mixed development project with a targeted total gross development value (GDV) of RM3.1 billion. The […]
FREE MALAYSIA TODAY. 16TH JANUARY: Investing isn’t easy for anyone. For any venture to be successful, much thought, research, patience and perseverance has to go into it, whether you are managing your fixed deposits or sinking money into the stock market. Buying property for investment is no different, with many factors coming into play – from choosing […]
THE STAR. 15TH JANUARY: Johor will hold talks with the Home Ministry to review the conditions set for the Malaysia My Second Home (MM2H) programme, says state housing and local government committee chairman Datuk Mohd Jafni Md Shukor. Jafni said that he would be bringing up the matter to Home Minister Datuk Seri Saifuddin Nasution […]
FREE MALAYSIA TODAY. 15TH JANUARY: The Johor state government is seeking a relaxation of rules for foreign residents in Malaysia as a way for developers to sell off a large stock of unsold luxury condominium units and serviced apartments in the state. Jafni Md Shukor, the executive councillor for housing and local government, said he […]