THE EDGE MARKETS. 21ST DECEMBER: Having turned to construction for a new lease of life, loss-making bus operator Konsortium Transnasional Bhd (KTB) is looking to strengthen its budding stable of affordable housing jobs as well as clinch industrial construction projects, especially those in the RM50 million to RM100 million range. The company is even projected to turn […]
THE EDGE MARKETS. 22ND DECEMBER: Hong Kong’s notorious tiny apartments, sometimes no bigger than a parking space, have emerged as the biggest losers in the city’s property downturn. Buyers are snubbing so-called nano-flats as they opt for bigger options following mortgage policy changes and price drops. Developers were only able to sell 48% of the studio […]
FREE MALAYSIA TODAY. 22ND DECEMBER: With the economic storm clouds stirring on the horizon, the Malaysian property market which has seen a nascent recovery this year can expect to face challenges in 2023. Although there has been gradual improvement in sentiment with overall transaction prices in the first half (H1) of 2022 recording a higher trend […]
NEW STRAITS TIMES. 22ND DECEMBER: Online real estate & property platform, iProperty, revealed that Ipoh leads the company’s annual top 10 most searched areas among property seekers in Malaysia. 19.5 per cent of searches between Jan and Nov highlighted the city as an emerging location, beating prime locations such as Petaling Jaya, Cheras and Shah Alam […]
THE STAR. 22ND DECEMBER: The local property sector is not out of the woods going into 2023, with its long-term dynamics still on the mend, says Hong Leong Investment Bank (HLIB) Research. In its latest report, the research house believes the housing oversupply issue is easing, which in turn will support a more healthy increase in […]
THE SUN DAILY. 19TH DECEMBER: PropertyGuru Asia Real Estate Summit 2022 has called for a more responsible innovation and “adaptive reinvention” approach towards real estate. PropertyGuru Group managing director for marketplaces Jeremy Williams said its theme this year is adaptive reinvention. “We focus on how our cities, communities and built environments can adapt to changes and […]
FREE MALAYSIA TODAY. 21ST DECEMBER: Mid-sized developer Glomac Bhd is expected to register higher new sales in financial year 2023 (FY2023) against new sales of RM160 million achieved in FY2022, said MIDF Research. The research house said the new sales in the second half of FY2023 are expected to be supported by new project launches and […]
EDGEPROP. 19TH DECEMBER: “Hypothetically, should the DE be reduced by our postulated quantum, the fiscal deficit target for 2023 would lower, from -5.5% to -4.9%.” Hong Leong Investment Bank (HLIB) expects the development expenditure (DE) to be scaled down from RM95 billion under the previous Budget 2023, to RM85 billion, as Prime Minister Datuk Seri Anwar Ibrahim […]
PROPERTY GURU. 19TH DECEMBER: Environment group Rimba Disclosure Project had urged the authorities to stop all ongoing construction work as well as permanently abandon any future development around Genting Highlands following the tragic landslide in Batang Kali. Meanwhile, the Johor Housing Development Corporation (PKPJ) plans to build 21,139 Johor Affordable Housing (RMMJ) units over the next five […]
NEW STRAITS TIMES. 21ST DECEMBER: The long-term dynamics of the property sector are improving, and the housing oversupply issue is easing, which will, in turn, support a healthy increase in house prices, Hong Leong Investment Bank Bhd (HLIB Research) said. According to the bank-backed research firm, the biggest stumbling block to a sector recovery is the labour […]