News by Rachel Chew

The signing of the Memorandum of Understanding (MoU) on July 19 to work towards commencing the Kuala Lumpur–Singapore High Speed Rail (HSR) operations by 2026 has sparked renewed interest along the property line.

Sime Darby Property will be launching Elmina Valley Phase 3 (EV3), the third phase of Elmina West in the City of Elmina township, this weekend at its sales gallery in Bukit Subang.

Sold for: RM2.9 million; Concluded by: Casper Yee (REN13384) of HASB Consultants Sdn Bhd (Selangor) (016-2591812) and P S Gan (REN07876) of Full Homes Realty Sdn Bhd (Bandar Puchong Jaya Branch) (017-2211277); When: June 2016

First-time home owners continue to have access to financing, said Bank Negara Malaysia (BNM), in response to calls for lending guidelines to be reviewed to ease home ownership for first-time homebuyers.

RHB Bank and RHB Islamic Bank will revise their base rates (BR) to 3.8% from 3.9% per annum, and base lending rates (BLR) and base financing rates (BFR) to 6.75% from 6.85% per annum effective Friday (July 22), said RHB Banking Group in a statement today.

Malaysia and Singapore have signed a Memorandum of Understanding (MOU) to work towards commencing the Kuala Lumpur-Singapore High Speed Rail (HSR) operations by 2026.

Hillcrest Gardens Sdn Bhd has unveiled its first Rumah Selangorku project with green features today.

The current slowdown in the property market doesn’t look like it will pick up anytime soon. In fact, the outlook seems rather uncertain for the Malaysian property industry.

AuctionGuru.com executive director Gary Chia also tells TheEdgeProperty.com that the number of high-end residential properties put up for auction has increased slightly.

Bandar Bukit Tinggi in Klang will see an upgraded version of Manipal Hospitals Klang, which will be opening next Monday.