News by RACHEL CHEW

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According to the newly-launched “Property Market Report 2015” by Napic, transactions in the industrial sub-sector grew by 12% in Sarawak while other sub-sectors such as residential, commercial and development land were on a downtrend.

Sabah’s property market showed a downtrend in 2015 with the decrease of all sub-sectors and fewer new properties launched.

Perbadanan PR1MA Malaysia said all its Penang project plans are priced at an average of 20% below market prices in surrounding areas and in line with the state’s planning guidelines.

The residential sub-sector still took up the largest share of the market, contributing 65.2% in volume and 49% in value.

Nippon Paint Malaysia Group showcased its second “Trend Beyond Colours”, which features nine key colour palettes, that are forecasted to drive utilisation across various industries and applications in 2016 and 2017.

James Tee is the author of Malaysian Real Estate Industry – Value Creation Strategies.

The International Real Estate Research Symposium 2016 (IRERS 2016) has invited real estate experts from here and abroad to discuss the importance of innovation in real estate.

The real estate exhibition, which opened its doors to the public from today to this Sunday (April 15 to 17), is also the first Mapex exhibition to have government institutions showcasing their affordable homes.

Despite the generally pessimistic outlook of Johor’s property market, Johor-based developer Astaka Holdings Ltd is confident things will look up next year as the market exits its “corrective phase” and embarks on another surge of activity prompted by the growth of Iskandar Malaysia’s core sectors.