THE EDGE MARKETS. 18TH MAY: Lion Posim Bhd is forming an unincorporated joint venture (JV) to undertake a mixed residential and commercial development in Shah Alam, with a gross development value of RM867 million. The group, via its unit Lion Posim Waterfront Sdn Bhd on Wednesday (May 18) entered into a conditional development agreement with […]
NEW STRAITS TIMES. 19TH MAY: Rising interest rates would not hurt the housing market this year or in 2023, according to Juwai IQI Group co-founder and chief executive officer Kashif Ansari. Kashif believes the recent action by Bank Negara Malaysia to raise the Overnight Policy Rate (OPR) by 25 basis points to 2.00 per cent […]
THE EDGE MARKETS. 18TH MAY: Bank Negara Malaysia’s (BNM) decision to lift the Overnight Policy Rate (OPR) by 25 basis points to 2.00% recently will not negatively affect the housing market in 2022 and 2023. Juwai IQI group co-founder and chief executive officer Kashif Ansari said BNM has taken a careful step in supporting the […]
PENANG PROPERTY TALK. 18TH MAY: Ikano Centres has officially unveiled ‘Klippa’ as the name of its retail destination and mixed-use development, which aims to be the cultural heart and hub for the growing Batu Kawan township. Ikano Centres is part of Ikano Retail, which owns IKEA stores in five countries as well as shopping centres that […]
PROPERTY GURU. 17TH MAY: Malaysia’s economy grew 5% in the first quarter of 2022, rebounding from the 0.5% contraction registered over the same period last year. Meanwhile, the country is expected to see a reduction in property buying tendencies following Bank Negara Malaysia’s (BNM) decision to raise the Overnight Policy Rate (OPR). 1) Malaysia’s economy […]
FREE MALAYSIA TODAY. 17TH MAY: Purchasing a subsale property is the safer option for both homebuyers and investors. In the secondary market, buyers avoid the risk of delay, non-completion, or misaligned expectations that come with the purchase of new projects. Investors, meanwhile, can easily check transacted prices, rental yield, and the capital growth of subsale […]
THE EDGE MARKETS. 16TH MAY: Fresh from a recent official visit to Singapore, Johor Menteri Besar Datuk Onn Hafiz Ghazi said the state’s public housing development planning would be modelled after the highly successful Housing and Development Board (HDB) flats concept in Singapore. For this to work, he noted, “drastic action” would have to be […]
NEW STRAITS TIMES. 17TH MAY: Key highlights and observation of JPPH’s property market report 2021 The annual Malaysian property market report for 2021 published by the Jabatan Penilaian Dan Perkhidmatan Harta was officially launched by the Minister of Finance on April 1, 2022. The following are the key highlights as well as our observations and comments […]
EDGEPROP. 16TH MAY: The loan documentation is a tedious and complex process with every bank having its own drawdown requirements and processes. Each party instrumental to the transaction has to issue his respective confirmation and undertaking, be it the sale and purchase agreement (SPA) lawyers, housing loan lawyers, property developer or bank financiers. Hence, the […]
FREE MALAYSIA TODAY. 15TH MAY: Australian prime minister Scott Morrison announced a housing policy on Sunday aimed at boosting home ownership and reducing prices, as his government lags the opposition Labor Party days before a general election. Australians will vote for a government on Saturday, with recent polls showing Morrison’s Liberal-National coalition on track to […]