EDGEPROP. 12TH DECEMBER: “No law shall provide for the compulsory acquisition or use of property without adequate compensation.” In a landmark judgement, the Federal Court last Friday (Dec 9) ruled that the compensation obtained for properties or land that are forcefully acquired by the authorities should not be subject to income tax. In coming to […]
EDGEPROP. 9TH DECEMBER: Developed by Berjaya Land Bhd (BLand), the commercial component forms part of The Tropika Bukit Jalil, a 6.5-acre freehold mixed development, which will include four blocks of residences. The Tropika Bukit Jalil Commercial has opened its doors for business to serve its surrounding neighbourhood in the Bukit Jalil area here, while awaiting the completion of its […]
EDGEPROP. 9TH DECEMBER: The contract is for a duration of 40 months from Dec 15, 2022 — the date for site possession — and is expected to be completed by April 14, 2026. Mitrajaya Holdings Bhd’s wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd has clinched a construction contract worth RM265.87 million from Retro Highland Sdn Bhd. In a filing […]
NEW STRAITS TIMES. 8TH DECEMBER: With the reopening of international borders and MySejahtera check-ins no longer required to enter premises effective from the second quarter of 2022, which are in line with the Malaysian government’s plan of transition from the pandemic to endemic phase, the economy along with the real estate sector is expected to […]
EDGEPROP. 5TH DECEMBER: Cagamas said given that year-to-date issuances from both domestic and international markets amounted to RM19.17 billion, it is on track to achieve at least RM20 billion in issuance of bonds and sukuk this year. Cagamas Bhd has concluded issuance of RM1.085 billion worth of bonds and sukuk, comprising RM735 million one-year Islamic […]
PROPERTY GURU. 5TH DECEMBER: The state government of Selangor will not arbitrarily absorb the debts of housing developers to solve strata ownership issues. Meanwhile. Johor registered 24 problematic housing projects under the federal government, of which 17 were classified as “sick projects”. 1) Selangor not to absorb debts of housing developers to solve strata title […]
THE STAR. 6TH DECEMBER: The Federal Government has been urged to review the conditions for the Malaysia My Second Home (MM2H) programme as part of efforts to reduce the property overhang in Johor. State housing and local government committee chairman Datuk Mohd Jafni Md Shukor said over 80% of the unsold properties are service apartments […]
NEW STRAITS TIMES. 5TH DECEMBER: The real estate sector saw improvement both in terms of transactions and value this year compared with 2021, supported mainly by the resumption of economic activities across the board and the reopening of the country’s international borders. The National Property Information Centre (NAPIC), which comes under the Valuation and Property […]
EDGEPROP. 30TH NOVEMBER: The property developer said it achieved RM640 million new sales in 3QFY2022, the highest quarterly sales recorded since 2017, while unbilled sales stood at RM2.29 billion, providing more than one year of future property revenue visibility. Mah Sing Group Bhd’s net profit grew 17% to RM47.06 million for the third quarter ended […]
THE SUN DAILY. 29TH NOVEMBER: The Malaysian housing market is holding steady despite uncertainties and is expected to moderate by H1’23 of which prices will appreciate but sales volume decrease, according to PropertyGuru Group’s Real Estate Intelligence report entitled Southeast Asia: Macro Economic Trends and Impact on the Residential Market (Oct 2022). PropertyGuru Group’s Real […]