NEW STRAITS TIMES. 11TH AUGUST: A total of 982 of the 98,196 units of the People’s Housing Project (PPR) are allotted for ownership by Persons With Disabilities (PwDs), with 809 units or 82 per cent taken up, the Dewan Negara was told today. Deputy Minister of Housing and Local Government Datuk Seri Dr Ismail Abd […]
THE EDGE MARKETS. 12TH AUGUST: MIDF Research has maintained its “neutral” rating on property sector and said it sees near-term outlook for property sector to remain unexciting due to the oversupply concern. It said residential overhang units in 1QCY22 were largely contributed by condominium and apartment. It said condominium and apartment contributed 20,680 units or […]
THE EDGE MARKETS. 10TH AUGUST: KPower Bhd’s wholly owned unit KPower Development Sdn Bhd (KDSB) has received approval from the Terengganu state government to develop affordable and mixed housing development on 18.959 hectares of land in Kuala Nerus district, Terengganu. KDSB is principally involved in property development. In a Bursa Malaysia filing on Wednesday, KPower […]
THE EDGE MARKETS. 10TH AUGUST: Home-grown building materials wholesaler and distributor Unitrade Industries Bhd is expanding its rental services, with the addition of modular houses, to address demand for accommodation following amendments to the Workers’ Minimum Standards of Housing and Amenities Act 1990 (Act 446). Adopting a business-to-business model, Unitrade’s modular houses are mainly marketed to the construction […]
MALAYSIA NOW. 11TH AUGUST: Potential homebuyers might continue to exercise caution in making large purchasing decisions, despite the upward trends in other areas. Rental demand remained on the uptick during the second quarter of 2022, registering a 12.89% increase quarter-on-quarter (QoQ) and a year-on-year (YoY) rise of 96.83%, Property Guru Malaysia revealed in its Malaysia Property […]
PENANG PROPERTY TALK. 8TH AUGUST: The demand for real estate in the industrial sector is leading the way to full economic recovery for the property sector in Malaysia. Despite the rising concerns over inflation, property consultant Knight Frank said, the industrial property sector was already “flourishing” while demand for real estate in the retail sector […]
NEW STRAITS TIMES. 10TH AUGUST: A total of 13,038 financing applications totalling RM1.5 billion have been approved under the Housing Credit Guarantee Scheme up till May 31, 2022 since it began operating in 2008. Deputy Finance Minister 1 Datuk Mohd Shahar Abdullah said a total of 14,308 applications had been received with 1,270 of them […]
MALAYSIA NOW. 10TH AUGUST: To really keep track of the balance of the housing supply-demand system in the market, the number of households should be compared with the existing stocks of residential housing and service apartments released by the National Property Information Centre. This was written to response to the article “The problem of 1.9 million unoccupied […]
PROPERTY GURU. 8TH AUGUST: Home Minister Hamzah Zainudin revealed that the Malaysia My Second Home (MM2H) programme saw 267 new applications since it resumed, while 1,461 people had also applied to withdraw from the programme between September 2021 and June this year. Meanwhile, a Pakatan Harapan (PH) assemblyman has slammed an MCA leader’s proposal to […]
THE EDGE MARKETS. 4TH AUGUST: Bangi Resort & Development Corporation Sdn Bhd (BRDC), with services by Henry Butcher Real Estate Sdn Bhd, is selling 49 parcels of prime residential land located within the resort, totalling approximately 26.66 acres in size. Henry Butcher Malaysia Chief Operating Officer Tang Chee Meng noted that BRDC has not undertaken […]