A tale of three markets
This year will see acquisitions and mergers for some developers in Malaysia. This is based on observations I have made on the housing industry in three Asean markets in the past 12 months.
Asia to reach 30% of global smart home market by 2030
By 2030, Asia’s burgeoning smart home market will grow to US$115 billion (RM513 billion), accounting for 30% of the global share, according to global management consulting firm A T Kearney.
China’s largest port construction firm to venture into property development in Malaysia
Despite a slow property market, the sector continues to attract investment from China. China Communications Construction Company Ltd (CCCC) — the largest port construction and dredging company in China — will soon follow its peers, such as China Railway Engineering Corp, in venturing into property development in Malaysia.
No substitute for hard work
Having been in the real estate sector for over 20 years, Homefield Real Estate Sdn Bhd director Munirah Mohammad believes there is no replacement for hard work when it comes to serving customers.
Run a home-sharing business at your own risk
Ever since the emergence of home-sharing start-ups, many property owners have been getting in on the home-sharing economy by converting their homes, be they houses or apartments, into short-term rental stays.
The Louvre in Country Heights, Kajang set for launch in May
The serviced apartments in the 34-storey tower have built-ups of 616 to 3,745 sq ft, and are priced from RM395,000 to RM2.32 million.
TheEdgeProperty.com hosts networking dinner for Johor industry players
The lou sang dinner to usher in the lunar new year saw about 100 representatives from the property development industry in Johor including committee members of the Johor branch of the Real Estate and Housing Developers Association attending the event.
Only World closes 14 outlets in Genting hotel to facilitate redevelopment
The closure would not have any operational impact on the other outlets of the company and its subsidiaries, Only World said in a filing with Bursa Malaysia today.
MRCB disposes of maintenance service unit to focus on core business
Malaysian Resources Corp Bhd (MRCB) is disposing of its wholly-owned building and facilities maintenance service unit for RM4.8 million, nearly 16% lower than the price it was acquired in 1982.
Another unexciting year as outlook remains challenging
Recapping 2016, which is similar to 2015, property companies continued to underperform on the FBM KLCI Index with average return of -5% as compared with FBM KLCI at -3% for the year 2016.
