Chinese banks might lose over USD 300 billion

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MALAYSIA SUN. 2ND AUGUST: Chinese banks might lose over USD 300 billion as the country continues to grapple with an economic slowdown and a housing crisis increasing the lack of confidence in the financial system among citizens. Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting […]

WCT unveils Adenia, low-density apartment project in Klang

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EDGEPROP. 3RD AUGUST: Each unit is priced at RM375,000 with a built-up of 915 sq ft (3 bedrooms, 2 bathrooms). Adenia is in close proximity to various established amenities such as medical centres, shopping malls, education, and commercial hubs in Bandar Bukit Tinggi 1 and 2. WCT Land Sdn Bhd has unveiled Adenia Apartments, its low-density apartment […]

Stamp duty waiver will not lift market out of doldrums, experts say

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THE EDGE MARKETS. 3RD AUGUST:  Putrajaya’s stamp duty waiver for first-time homes worth not more than RM1 million may have brought some cheer to a subdued property market. However, the incentive is a long shot from resolving the deeper troubles in the sector, such as the overhang of unsold units, say industry experts. Prime Minister Datuk […]

Homes for the poor enriching the well-to-do

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FREE MALAYSIA TODAY. 3RD AUGUST: Even government-subsidised low-cost homes cannot escape the attention of profit-seeking property speculators. Many have been snapped up at up to double the original price, pushing these homes beyond the reach of those in the B40 community, for whom they were built in the first place. This is a common practice in […]

Navigating a volatile market

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THE EDGE MARKETS. 1ST AUGUST: The Edge Malaysia RealTalk 2022 was held at One World Hotel in Petaling Jaya, Selangor, on the morning of July 16. This is the 14th edition of the annual forum, previously known as The Edge Investment Forum on Real Estate. The forum, with the theme “Investing in Volatile Times: How, What, Where?”, […]

Government urged to blacklist, prosecute developers over abandoned housing projects, Home prices to increase amid significant hike in building material prices and more

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PROPERTY GURU. 1ST AUGUST: The government has been urged to blacklist and take legal action against developers who failed to complete housing projects on time. Meanwhile, Knight Frank Malaysia expects prices for residential properties, especially new launches, to increase amid the significant increases in building material prices. 1) Government urged to blacklist, prosecute developers over […]

Homebuyers in KL, Selangor, Penang, and Johor prefer large, affordable homes

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NEW STRAITS TIMES. 1ST AUGUST: Large homes and affordable price ranges were the general preferences among homebuyers and investors in Kuala Lumpur, Selangor, Penang, and Johor in 2021, and this trend is expected to continue this year. According to Sheldon Fernandez, country manager of PropertyGuru Malaysia (PropertyGuru.com.my and iProperty.com.my), buyers in Selangor and Johor prefer […]