EDGEPROP. 21ST JUNE: SkyWorld Development Group (SkyWorld) held a handover ceremony for more than 500 SkyAwani 3 Residences owners present at an event on Saturday (June 18). Situated on 4.55 acres of leasehold land in Setapak, SkyAwani 3 Residences comprises 1,905 units housed in three 52-storey towers. Each three bedroom, two-bathroom unit has a built-up […]
NEW STRAITS TIMES. 20TH JUNE: Michael (not his real name) bought a high-rise residential unit in 2017. After the sales and purchase agreement (SPA) was signed, he noticed some “unhealthy signs” in the construction of the housing project where he had booked a unit. Construction stopped for almost a year but was reactivated after buyers complained […]
PROPERTY GURU. 20TH JUNE: World Bank expects Malaysia’s economy to expand 5.5% this year, on the back of a strong rebound in consumption. Meanwhile, average home prices in Sarawak emerged as the third highest in the country at RM482,592 in 2021. 1) Malaysia’s economy to grow 5.5% this year World Bank expects Malaysia’s economy to expand […]
THE STAR. 20TH JUNE: The selling prices of residential properties in the country will likely increase by 5% to 20% soon. Real Estate and Housing Developers’ Association immediate past chairman Tan Hun Beng told StarBiz that a price hike was in the offing and likely to happen before the end of the year, as construction costs […]
THE STAR. 19TH JUNE: About 67,944 units of affordable homes in the Federal Territories have been approved for construction this year, says Prime Minister Datuk Seri Ismail Sabri Yaakob. The units were located at 104 housing projects in Kuala Lumpur, Putrajaya and Labuan under the Federal Territories Ministry’s ‘Residensi Wilayah Keluarga Malaysia’ initiative, he said. “The […]
EDGEPROP. 16TH JUNE: The land acquisition for the Sungai Baru, Kampung Baru redevelopment project must continue as it has met the legal requirements under the Land Acquisition Act (APT) 1960 although some owners are against it. Kampong Bharu Development Corporation (PKB) in a statement on Wednesday informed that if the land acquisition process is discontinued the […]
EDGEPROP. 16TH JUNE: Hong Seng Consolidated Bhd has issued a Letter of Intent (LOI) to form a strategic partnership with Invest NS yesterday. It seeks to explore the possibilities in developing five parcels of leasehold land measuring approximately 284.75 acres in Seremban, Negeri Sembilan into the Malaysia Green Valley (MGV). Invest NS has duly accepted the […]
NEW STRAITS TIMES. 15TH JUNE: KAF Research has downgraded the local property sector to ‘neutral’, claiming that Malaysia has missed out on the global real estate reflation due to a combination of factors including low-income growth and low expectations for capital values. Despite a post-pandemic economic recovery, the property cycle is slowing this time around, it […]
NEW STRAITS TIMES. 14TH JUNE: Offshore purchases of Malaysian residential properties are expected to return to pre-Covid levels within the next 18 months, or by the end of 2023, according to a Juwai IQI survey of nearly 350 real estate agents across the country. Around 15 per cent of agents believe that foreign buying will return […]
PROPERTY GURU. 13TH JUNE: Senior Works Minister Datuk Seri Fadillah Yusof assured that the government is ready to help Pan Borneo Highway contractors who are struggling with higher construction material prices and labour shortages. Meanwhile, the implementation of all housing and infrastructure projects under the Rural Development Ministry (KPLB) is not postponed, despite the hike in […]