EDGEPROP. 30TH NOVEMBER: “Among the current hard-pressed issues are the building materials price hike and the shortage of foreign workers; both with lasting effects on the industry the longer they go on.” Real Estate and Housing Developers’ Association Malaysia (Rehda) has expressed its “wish” that the government under newly appointed 10th Prime Minister Datuk Seri […]
THE EDGE MARKETS. 29TH NOVEMBER: Despite global outlook uncertainties, Malaysia and neighbouring Thailand and Indonesia are showing increasing housing demand, PropertyGuru Group’s real estate intelligence said. Its head of intelligence Dr Lee Nai Jia said in a statement that in the second quarter of this year (2Q2022), residential markets in Malaysia, Singapore, Indonesia, and Vietnam logged an […]
EDGEPROP. 25TH NOVEMBER: “With the anticipation of normalisation of international travel, the group expects its leisure, hospitality and healthcare segments to benefit from the improving inbound tourism sector.” Sunway Bhd’s net profit for the third quarter ended Sept 30, 2022 (3QFY2022) more than doubled to RM164.72 million, from RM81.1 million in the corresponding quarter in 2021, […]
EDGEPROP. 24TH NOVEMBER: Condos, apartments, serviced residences – these are becoming popular choices for urbanites, but many are not equipped with the basic knowledge of being a strata property owner. Many house buyers opt for strata properties (mostly high-rise apartments) due to their more affordable prices as well as their attached facilities. However, their dreams could […]
EDGEPROP. 24TH NOVEMBER: The property development group attributed the outstanding performance to improvements across all its business segments particularly the hospitality and leisure segment, which saw a sterling recovery of more than 400% in revenue. IOI Properties Group Bhd (IOIPG) recorded a stellar performance for the first quarter ended Sept 30, 2022 (1QFY2023), recording net profit […]
EDGEPROP. 24TH NOVEMBER: “Based on my research, I understand that the goal of EdgeProp is to provide consumers with the information they need to make better real estate decisions, by fusing real estate listings with the most recent news, information on home prices, local knowledge, and cutting-edge tools.” Gather Properties Sdn Bhd is excited about working […]
NEW STRAITS TIMES. 24TH NOVEMBER: The heavy downpour since early this month has triggered fear and panic among residents whose homes were ravaged by the massive floods on Dec 18, 2021. The Malaysian Meteorological Department (MetMalaysia) has earlier predicted the monsoon season to begin earlier than expected, causing recurring periods of heavy rain and turbulent winds […]
EDGEPROP. 22ND NOVEMBER: The refund process involves the handing over of cheques amounting to approximately RM1.4 million to 147 Phase 2 and 3 buyers of the project. Property developer NCT Noble Sdn Bhd handed over the first instalment of refunds to purchasers of Phase 2 and 3 of the abandoned project called The Genting Valley Batang Kali, […]
PENANG PROPERTY TALK. 23RD NOVEMBER: Eastern & Oriental Bhd (E&O) intends to launch more projects in Penang in the near future, spurred by strong response to the group’s “The Meg” development. The property developer said the high take-up rate achieved of more than 80% for The Meg since it started previewing in January 2022 reflected the […]
SINGAPORE BUSINESS REVIEW. 22ND NOVEMBER: It is studying whether first-timer couples with children should be prioritised. As demand for affordable and accessible housing mounted, Minister for National Development Desmond Lee said they will look for ways to provide public housing to more needy residents. In his welcoming remarks at the Forward Singapore Engagement Session, Lee said the government had already […]