THE STRAITS TIMES. 18TH DECEMBER: A landslide occurred in Raub, Pahang, on Sunday afternoon, dislodging huge boulders that almost hit the business premises at Jalan Tun Razak. No casualties were reported, said the Pahang Fire and Rescue Department. The department’s zone 3 chief Sharulnizam Nasir told Bernama that the landslide occurred from a height of 15m, […]
NEW STRAITS TIMES. 16TH DECEMBER: The residential market may continue to be active in 2023 as a result of anticipated government measures that would focus on lowering housing costs, says PropertyGuru Group’s head of real estate intelligence Lee Nai Jia. “One of the key challenges for the government is to balance spending and revenue, and […]
THE STAR. 16TH DECEMBER: Two leading property developers have called for a new affordable housing model that would incentivise the development of affordable homes in strategic locations, at a time when property players are hit with increasing construction costs. Malaysian Resources Corp Bhd group managing director Mohd Imran Tan Sri Mohamad Salim said Malaysians should […]
THE MALAYSIAN RESERVE. 16TH DECEMBER: Rising interest rate is another factor causing the Malaysian population not able to become home owners The Malaysian housing affordability would possibly be affected if interest rates continued to rise further, DataSense head of real estate intelligence Dr Nai Jia Lee said. Speaking at the PropertyGuru Malaysia’s Property Market Outlook 2023 webinar, […]
NIKKEI ASIA. 15TH DECEMBER: Shift in interest rate cycle creates ‘downside risks’, organization says Asia’s property markets are poised for a sharp fall in prices, with higher interest rates making housing less affordable for average buyers, a study published by the International Monetary Fund warns. From Hong Kong to Malaysia, the study points to flattening home prices in […]
EDGEPROP. 14TH DECEMBER: Charged under Section 420 of the Penal Code, Siti Nur Atiqah faces imprisonment of not more than 10 years and a fine if convicted. A real estate consultant today pleaded not guilty at the Magistrate’s Court here to a charge of deceiving a woman regarding a deposit for a non-existent loan for […]
FREE MALAYSIA TODAY. 15TH DECEMBER: Malaysia’s property sector appears to have fallen victim to Bank Negara Malaysia’s (BNM) move to hike the overnight policy rate (OPR) multiple times this year to tame surging inflation. According to BNM data, loan applications for purchase of property fell by 7.3% month-on-month (m-o-m) to RM43.95 billion in October, following […]
PROPERTY GURU. 13TH DECEMBER: Sime Darby Property Berhad (“Sime Darby Property” or “Company”) officially inaugurated the highly anticipated ‘Temu @ City of Elmina’ (“Temu”), the first lifestyle-centric commercial centre in the City of Elmina, Shah Alam, with a grand welcome ceremony for over 100 owners and tenants. Temu marked its new beginning with a ribbon-cutting […]
THE SUN DAILY. 13TH DECEMBER: Property technology group Juwai IQI expects property-related measures in the revised budget to focus on housing affordability and firm financial management to support economic growth and employment. Its Bumiputera segment head Muhazrol Muhamad said these policies are a response to the high cost of living pressures in the country and […]
NEW STRAITS TIMES. 14TH DECEMBER: All eyes are on the new government to maintain a stable macroeconomic climate that will foster the stability and growth of the real estate sector through the second half of 2023 and beyond. Housing market affordability and firm financial management are anticipated to be among the property-related policies in the […]