EDGEPROP. 21ST SEPTEMBER: Wing Tai Malaysia Sdn Bhd, the wholly-owned subsidiary of SGX-listed Wing Tai Holdings, has disposed of the property at No. 523, Jalan Ayer Puteh, Mukim 4, 11100 Balik Pulau, Penang for RM5.8 million (S$1.8 million). The property, which is a factory building sited on freehold land, was sold to Meng Shin Garment Sdn […]
THE EDGE MARKETS. 17TH SEPTEMBER: With rising concerns about inflation and higher living costs, people are living more frugally, and many industries could be affected by consumers’ weakening buying power. The Real Estate and Housing Developers’ Association Malaysia (Rehda) said more is needed to mend the housing and construction industries to ensure that issues faced by industry players […]
FREE MALAYSIA TODAY. 17TH SEPTEMBER: Issues of affordability continue to loom over potential home buyers, with 51% of survey respondents indicating they do not qualify for government affordable-housing schemes, and are unable to purchase property without financial help. The findings were revealed by PropertyGuru Malaysia in its biannual Consumer Sentiment Study for the second half of […]
NEW STRAITS TIMES. 15TH SEPTEMBER: Property developers in Sabah must set up a joint working committee to address the delay of projects. The committee members should comprise representatives from the government, the private sector, professional bodies and banks, said Sabah Local Government and Housing Minister Datuk Seri Masidi Manjun. “The members should meet every quarter to […]
NEW STRAITS TIMES. 15TH SEPTEMBER: The rise in Overnight Policy Rate (OPR) to 2.50 per cent will likely influence Malaysians to reconsider purchasing houses, particularly the M40 group, who may have bank commitments such as personal loans. Kedah/Perlis Real Estate and Housing Developers’ Association Malaysia (REHDA) chairman Yeoh Su Guan said currently many in the M40 […]
PENANG PROPERTY TALK. 15TH SEPTEMBER: Malaysia’s overall overhang situation improved in the first half of 2022 (1H2022), with a drop of 7.5 per cent to 34,092 units from 2H2021 in terms of volume and a drop of 4.6 per cent to RM21.73 billion in terms of value, according to the National Property Information Centre’s (Napic) semi-annual […]
THE EDGE MARKETS. 14TH SEPTEMBER: Westlite Accommodation Malaysia aspires to expand its operations in Malaysia, said Centurion Corp Ltd chief executive officer Kong Chee Min in a media briefing on Tuesday (Sept 13). Centurion, which is listed in Singapore and Hong Kong, owns Westlite — a purpose-built workers’ accommodation brand. Westlite currently has workers’ accommodation in Johor, Penang and Selangor with […]
THE EDGE MARKETS. 13TH SEPTEMBER: Jalan Ampang, or Ampang Road as it used to be known, is one of the oldest roads in the Klang Valley and runs adjacent to the Golden Triangle, Kuala Lumpur’s main entertainment and shopping hub. It is a relatively long road that begins from the oldest sections of the city’s old […]
PENANG PROPERTY TALK. 14TH SEPTEMBER: Mah Sing Group Bhd, one of the biggest property development companies in Malaysia by asset size, intends to use the money raised from the sale of an undeveloped plot of land in Penang to buy more land in the future. Its fully owned subsidiary Klassik Tropika Development Sdn Bhd is selling […]
EDGEPROP. 14TH SEPTEMBER: The property sector has shown signs of recovery in the first half of this year (1H2022) as the economy reopened, but office and retail segments remained challenging amid a supply glut, according to the National Property Information Centre’s (Napic) semi-annual report. Napic said the overall overhang situation improved in 1H2022, down by 7.5% […]