SINGAPORE BUSINESS REVIEW. 2ND APRIL: It shows a slower rise compared to 5.0% increase in the previous quarter. The private residential property index in Singapore rose by 0.7 point from 173.6 points in the fourth quarter in 2021 to 174.3 points in the first quarter of 2022, the nation’s urban planning authority, data from Urban Redevelopment Authority […]
HERALD MALAYSIA ONLINE. 1ST APRIL: The Archdiocese of Seattle and its St James Cathedral will sell and redevelop four properties in the city’s First Hill neighbourhood as part of a project that aims to create affordable housing and steer the neighbourhood towards carbon neutrality. The Archdiocese of Seattle and its St James Cathedral will sell and […]
FREE MALAYSIA TODAY. 1ST APRIL: The property market recorded a slight improvement in performance last year but failed to surpass pre-pandemic levels, finance minister Tengku Zafrul Aziz said today. He said the property market recorded a total of 300,497 transactions worth RM144.87 billion. “This was an increase of 1.5% in volume and 21.7% in value […]
MALAY MAIL. 1ST APRIL: The local property market recorded more than 300,000 transactions valued at RM145 billion in 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said this represented an increase of 1.5 per cent in volume and 22 per cent in value compared with 2020. “The growth was mainly contributed by […]
THE EDGE MARKETS. 1ST APRIL: Residential properties accounted for the major chunk of property market transactions in Malaysia in 2021, totaling 198,812 transactions worth RM76.9 billion recorded during the year. This represented 66.2% of the total 300,397 property transactions recorded in 2021 and 53.1% of the total property value transacted of RM144.87 billion, based on data […]
THE MALAYSIAN RESERVE. 30TH MARCH: T7 Global secures 3-year contract from Petronas T7 GLOBAL Bhd’s subsidiary, T7 Intelligent Resources Sdn Bhd (T7IR), had secured a three-year contract from Petronas Group of Cos for the provision of third-party professional and support services. T7IR is principally involved in recruitment and people solutions for the energy, information communication technology (ICT), […]
EDGEPROP. 30TH MARCH: The number of unsold houses remained elevated in the third quarter of 2021 despite some improvements in activity in the residential property market, said Bank Negara Malaysia (BNM). A total of 180,702 units remained unsold in the third quarter of 2021, compared with 181,463 in the second quarter, BNM noted in its […]
THE EDGE MARKETS. 30TH MARCH: As 2021 came to a close, the property market in Sabah was somewhat in good form despite the ongoing challenges brought on by the Covid-19 pandemic. In fact, in the first nine months of the year, the market gave a gritty performance. “Sabah’s residential property market had shown positive movements […]
THE PHNOM PENH POST. 30TH MARCH: The Real Estate and Housing Developers’ Association Malaysia (Rehda) says property developers’ margins are shrinking, and are now at around 15 per cent. Rehda Institute chairman Jeffrey Ng said this has been the case in recent years because of rising costs especially compliance costs with regards to property projects […]
THE SUN DAILY. 31ST MARCH: Some improvements in housing market activity were visible heading into 2022, although the number of unsold houses remained high as this reflects pre-existing affordability issues in the housing market, which has worsened since the onset of the pandemic as consumer incomes were affected. According to Bank Negara Malaysia’s (BNM) Financial […]