EDGEPROP. 31ST OCTOBER: Home is an asset, not an expense — aside from providing shelter, it is a means of wealth accumulation. When Tun Dr Mahathir Mohammad launched FundMyHome (FMH) on Nov 4, 2018, Tun said to me, “The proof of the pudding is in the eating.” Four years later, the pudding is ready for the […]
EDGEPROP. 31ST OCTOBER: “If we can unstaple the two characteristics, we can make homeownership affordable to people who are currently renting a landed home — you pay the same rent AND own the home. In fact, it will also reduce overall rents, making the housing market a more efficient asset for all. How? By introducing […]
EDGEPROP. 30TH OCTOBER: Idaman Melur will comprise high-rise affordable residential homes starting from RM250,000. Permodalan Negeri Selangor Bhd (PNSB) in partnership with MGB Bhd officially launched one of its six Rumah Idaman MBI projects, Idaman Melur at the KITA @ Cybersouth Sales Gallery yesterday. PNSB is a Selangor state government subsidiary under the supervision of Menteri Besar Selangor (Incorporated) (MBI) while MGB is a subsidiary […]
FREE MALAYSIA TODAY. 30TH OCTOBER: The Johor government aims to build 21,139 affordable houses over the next five years, state executive councillor Jafni Md Shukor said. He said 2,200 units would be completed by the end of next month, making a total of 2,400 units for this year. Balloting and handing over of keys were […]
EDGEPROP. 29TH OCTOBER: The land was acquired by Knusford in September 1996, at an original cost of investment of RM2.415 million. Building materials and machinery company Knusford Bhd is disposing of a commercial land in Ulu Langat, Selangor to electric, building and general contractors LKC Ventures Sdn Bhd for RM14.63 million cash. In a filing on Friday (Oct […]
THE EDGE MARKETS. 28TH OCTOBER: The last two years were tough for Malaysia’s property sector. However, during the quarter under review, the market in Sabah — particularly in Kota Kinabalu — saw an improvement. “The Sabah residential property market improved in 2Q2022, as indicated by the higher volume and value of transactions compared to 2Q2021,” […]
NEW STRAITS TIMES. 27TH OCTOBER: Jiankun International Bhd’s (JKI) joint development agreement signed with NTL International Holdings (M) Sdn Bhd will positively boost the affordable housing supply, particularly in Semenyih, Selangor. In welcoming the deal, JKI’s independent non-executive chairman Tan Sri Mohamed Apandi Ali said the supply and demand mismatch in the housing market is […]
EDGEPROP. 28TH OCTOBER: Top Builders, formerly known as Ikhmas Jaya Group Bhd, said the suspension will be from Nov 8 until the group issues the annual report. Practice Note 17 company Top Builders Capital Bhd said trading of its shares will be suspended as it is unable to submit its 2022 annual report by the Oct […]
EDGEPROP. 26TH OCTOBER: The RM215.1 million project consists of one block of a 37-storey serviced apartment, including serviced apartment units, commercial units, affordable homes, facilities, and a seven-storey car park. Real estate developer Jiankun International Bhd has entered into a joint development agreement (JDA) with NTL International Holdings (M) Sdn Bhd, a freehold land owner […]
THE EDGE MARKETS. 26TH OCTOBER: In response to climate change and the call for a more sustainable world, national mortgage corporation Cagamas Bhd is urging property developers to build more green or energy-efficient homes for the market, particularly for the affordable segment. “Today, green-certified houses are expensive. Most of them are high-end houses and their […]