Sluggish property market predicted for next year

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THE STAR. 12TH SEPTEMBER: The property market in the country is expected to go slow due to the looming recession that is predicted to occur next year. Malaysian Institute of Estate Agents (MIEA) Johor chairman-elect Sr Chia Zi Jin said that the market also depended on the motion of the buyers, either to buy properties for […]

Allocation on housing for hardcore poor increased, says minister

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FREE MALAYSIA TODAY. 12TH SEPTEMBER: The allocation for the construction of houses for the hardcore poor, known as Malaysian Family Housing Programme (PRKM), has been increased from RM56,000 to RM66,000 per unit for peninsular Malaysia and from RM68,000 to RM79,000 for Sabah, Sarawak and Labuan. Rural development minister Mahdzir Khalid, when announcing the matter, said for […]

66% of young Singaporeans prefer renting to buying a property

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SINGAPORE BUSINESS REVIEW. 8TH SEPTEMBER: They cite a lack of savings as a reason for not purchasing. Most Singaporeans aged 22 to 29 would rather rent rather than buy a property, a survey by PropertyGuru has found. According to the survey, young Singaporeans are adamant to buy properties because of a “lack of savings,” whilst 36% of […]

Trive Property aborts talks to build SPNB project worth RM1.1b

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THE EDGE MARKETS. 7TH SEPTEMBER: Trive Property Group Bhd announced that it has cut off talks with Syarikat Perumahan Negara Bhd (SPNB) in relation to being a turnkey contractor for an affordable housing project amounting to RM1.1 billion in gross development value (GDV). In a bourse filing on Wednesday, Trive Property said its unit Trive Property […]

Malaysia, Singapore green real estate players ink MOU to strengthen collaboration

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EDGEPROP. 8TH SEPTEMBER: Four “green real estate players” from Malaysia and Singapore signed a Memorandum of Understanding (MOU) on Tuesday to strengthen collaborative efforts for the cross-adoption of green building solutions, innovations and best practices between both countries. The “four-party” MOU was inked in Singapore by GreenRE Sdn Bhd, the Real Estate and Housing Developers’ Association Malaysia […]