FREE MALAYSIA TODAY. 1ST AUGUST: Selangor MCA has suggested the price of affordable homes in Selangor be reduced by 50% if Barisan Nasional manages to win power in the state at the coming general election. Selangor MCA chief Ng Chok Sin suggested the price of affordable homes built under a state government programme be reduced […]
PENANG PROPERTY TALK. 31ST JULY: Folk living in the central Seberang Perai district, specifically in Permatang Pasir, will soon have the chance to apply for their desired affordable housing units courtesy of the Penang government. Chief Minister Chow Kon Yeow said the project which is to be built on a 23-acre land, will be divided into two […]
PENANG PROPERTY TALK. 29TH JULY: M Summit 191 Executive Hotel Suites, which will be rebranded as The Granite Luxury Hotel on Aug 1, achieved a rare distinction when it . The hotel’s car park is recognised as Malaysia’s Tallest Automated Hotel Car Park at 71.2m while its Mirage swimming pool is the Highest Cantilevered Acrylic Bottom Swimming Pool […]
THE EDGE MARKETS. 28TH JULY: Total sales of RM92.5 billion has been registered under the Home Ownership Campaign (HOC) since its launch in 2019, the Dewan Rakyat was told on Thursday (July 28). This involves 117,538 housing units with a total discount sum of RM15.8 billion, said Deputy Housing and Local Government Minister Datuk Seri […]
MALAYSIA NOW. 29TH JULY: The number of vacant units has been on the rise despite the struggle by many to find affordable homes. A whopping 1.9 million out of 9.6 million residential units purchased in Malaysia are unoccupied, according to numbers released by the statistics department in June, raising questions about the housing situation in the […]
THE EDGE MARKETS. 27TH JULY: Construction group Gagasan Nadi Cergas Bhd’s wholly-owned subsidiary Nadi Cergas Sdn Bhd has secured a RM189.8 million contract from Paramount Property Development Sdn Bhd, a unit of Paramount Corporation Bhd, to build affordable high-rise residences in Kemuning Utama, Shah Alam. Under the contract, Nadi Cergas will undertake the turnkey contract of designing and developing 929 […]
NEW STRAITS TIMES. 28TH JULY: Prices for residential properties, particularly new launches, will rise in the future due to the steep rise in building material prices, which is inadvertently increasing construction costs, says Sarkunan Subramaniam, group managing director, Knight Frank Malaysia. Sarkunan believes that this, combined with higher borrowing costs as a result of recent […]
THE SUN DAILY. 27TH JULY: The median transaction price and median price per-square-foot (psf) values of subsale residential properties in Malaysia showed an upward trend in 2021 compared with figures recorded during the pre-pandemic period of 2018, according to iProperty.com.my. The median transaction price of subsale residential properties increased by 11.1% from RM315,000 in 2018 […]
EDGEPROP. 27TH JULY: ENGIE Services Malaysia Sdn Bhd (ENGIE) and Sunway Property have teamed up to implement a district cooling system at Sunway South Quay Commercial Precinct 2 (CP2). Both parties have entered into a build, own, operate and transfer (BOOT) agreement through ENGIE-SUNWAY DCS Sdn Bhd (ENGIE-SUNWAY). In a joint statement on Tuesday (July […]
CNBC. 26TH JULY: Homeowners in Singapore are starting to tighten their belts as they will soon face higher mortgages, thanks to rising interest rates. The country’s three largest banks raised housing loan rates in June, following the U.S. Federal Reserve’s decision to increase interest rates by 75 basis points in the same month to cool inflation […]