FREE MALAYSIA TODAY. 12TH JULY: Covid-19 has left property market players clueless about the supply and demand situation. The pandemic has totally disrupted market forces and distorted what should have been the norm, according to Real Estate and Housing Development Association (Rehda) acting president NK Tong. “As a result, it has made it difficult for […]
FREE MALAYSIA TODAY. 11TH JULY: A three-day housing carnival will offer 10,000 affordable homes for sale nationwide, says housing and local government minister Reezal Merican Naina Merican. The Karnival Jom Beli Rumah 2022 is scheduled to be held at the Mid Valley Exhibition Centre in Kuala Lumpur from July 15. Reezal said the carnival is […]
FREE MALAYSIA TODAY. 11TH JULY: Buying a property can be an overwhelming experience, especially if you are a first-time homebuyer. To help you make a more informed decision, here is a list of questions to ask your developer, sales staff, or real estate agent when buying a new property in the primary market. 1. Who is […]
PENANG PROPERTY TALK. 4TH JULY: Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the US Federal Reserve hikes aggressively, a Reuters poll found. Bank Negara Malaysia (BNM), although dealing with low […]
THE EDGE MARKETS. 4TH JULY: After exchanging cordial greetings, OSK Group’s CEO of property development Ong Ghee Bin’s first remark during our Zoom call was, “We have been very busy preparing for launches!” The last time City & Country caught up with Ong was in August last year, when he updated us on OSK Property’s RM1.76 billion Shorea […]
PROPERTY GURU. 4TH JULY: The government mulls delaying mega projects to finance this year’s subsidy bill, which is estimated to be RM77.3 million. Meanwhile, Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican said the provision of affordable housing continue to be high on the list of Malaysia’s agenda. 1) Govt considers delaying mega […]
EDGEPROP. 4TH JULY: Hong Leong Investment Bank (HLIB) Research said 1H22 domestic contract awards totalled RM4.5 billion (-49% y-o-y). In a 2Q22 contract awards data release note on Monday (July 4), the research house maintained its “neutral” rating on the sector and said awards were largely made up of private-sector/solar jobs. “On the whole, we reckon […]
THE MALAYSIAN RESERVE. 4TH JULY: Mah Sing Group Bhd’s H.O.M.E (Home Ownership Made Easy) is addressing homebuyers’ down-payment, loan and monthly instalment concerns. Mah Sing founder and group MD Tan Sri Leong Hoy Kum said the HOC is proven to support homebuyers in purchasing properties and encouraged the sale of properties. “We are well aware that ours […]
MALAY MAIL. 4TH JULY: Maybank Investment Bank (Maybank IB) is maintaining its neutral call on Malaysia’s property sector due to growing risks such as slower sales amidst the rising interest rate environment and delays in new property launches, as well as rising raw material costs. It also expects buying sentiment on big-ticket items to be affected […]
FREE MALAYSIA TODAY. 4TH JULY: The Malaysian House Price Index recorded a -2% on-quarter reduction in the first quarter of the year (Q1 2022), according to the latest market snapshot by the National Property Information Centre (Napic). The negative growth rate in prices represented a -0.1% on-year change compared with the first quarter of 2021. Median […]