NEW STRAITS TIMES. 26TH OCTOBER: Jiankun International Berhad (JKI) plans to construct service apartments and affordable houses worth a total of RM215.1 million on a freehold parcel of land in Semenyih, Selangor. A joint development agreement (JDA) has been signed between JKI’s wholly-owned subsidiary Nagamas Bizworks Sdn Bhd, and the landowner NTL International Sbd Bhd. […]
PROPERTY GURU. 25TH OCTOBER: The state government of Sarawak plans to build 2,391 units of affordable homes under the Rumah Spektra Permata initiative of the Housing Development Corporation (HDC) to help low-income families get up the property ladder. Meanwhile, Prime Minister Datuk Seri Ismail Sabri Yaakob said the proposed Labuan-Menumbok bridge project was never withdrawn, […]
THE EDGE MARKETS. 21ST OCTOBER: HBA notes that further improvements could and should be undertaken by the government, namely to the new pegged fee of RM500 should not only take effect prospectively but retroactively (but not to the extent of making the liquidators refund any “overcharged fees”). There have been enough cases of distressful consequences […]
THE EDGE MARKETS. 20th OCTOBER: With Malaysia transitioning to the endemic phase of Covid-19, the primary and secondary property markets in Penang were active in the second quarter of the year, says Nawawi Tie Leung Property Consultants Sdn Bhd executive director and regional head of research and consulting Saleha Yusoff. Based on data from The Edge | […]
EDGEPROP. 18th OCTOBER: Although price growth has generally slowed marginally in recent years, owning a house continues to be an elusive dream for many. Lengthy approval processes are not only unproductive but cause costly delays and uncertainties, all of which translate into more expensive homes. How resilient is the Malaysian housing property sector? How vulnerable […]
PROPERTY GURU. 19th OCTOBER: Property developers expect home prices to increase in 2023 amid the rising cost of doing business in the country, which climbed by an average of 17% during the first half of 2022. Meanwhile, MIDF Research noted that loan application statistics for August indicated that demand for real estate continued to be […]
THE MALAYSIAN RESERVE. 18th OCTOBER: Rising interest rates and pressing issues related to the property market loom larger in the minds of the public than the upcoming general election (GE), said the Real Estate and Housing Developers’ Association Malaysia (Rehda). Its president Datuk Tong Nguen Khoong said regardless of which coalition forms the government after the 15th […]
THE EDGE MARKETS. 17th OCTOBER: Singapore home sales rebounded in September to climb to the second highest this year, bucking economic headwinds that are roiling property markets worldwide. Purchases of new private apartments surged to 987 units last month, Urban Redevelopment Authority figures showed on Monday (Oct 17). That was more than double the two-year low in […]
THE EDGE MARKETS. 15th OCTOBER: The development and financing of the green housing agenda continue to accelerate as the world grapples with the effects of global warming, said speakers at the Developing and Financing Green Housing in Asia (DFGHA) conference on Sept 21. Organised by Cagamas Bhd, the conference brought together participants in the public […]
THE EDGE MARKETS. 14th OCTOBER: CGS-CIMB sees the 16 developers under its coverage posting a total of RM15.2 billion in property sales for 2022, about the same as last year, based on targets set by them. It said this will be driven by stronger new product offerings as most of them are ramping up launches […]