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Obstacles still aplenty for sustainable spaces, says JLL

McCrea said: “There is a scramble to do something in the financial setting, and in the world of environmental, social and governance (ESG). We are seeing this being driven by big investment companies. It is definitely [linked] to the property sector — we have a lot of developers and managers who are involved. However, everyone is prickly about ESG risks.

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Najib's SRC Trial: Tuesday is D-Day for Najib verdict in SRC case

In the SRC case, the former finance minister faces one count of abuse of power in relation to his role in approving RM4 billion worth of loans from the Retirement Fund Inc to SRC International. In addition, the Pekan MP also faces three criminal breach of trust charges and three money-laundering charges in relation to RM42 million found in his bank accounts.

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Boost home affordability with a more efficient property ecosystem

Home prices have risen rapidly since 1990, fuelled by historically low interest rates and enabled by the then government’s policies (such as home ownership campaigns, Developer Interest Bearing Scheme and a reduction in the real property gains tax) and banks’ aggressive lending for mortgages. As a result, home affordability has declined by half.

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indepth

What ails the Malaysian residential property sector

Over the last few years, the Malaysian property market has been characterised by sluggish sales and a rising number of unsold homes. Developers are sitting on large stocks of inventories, which are stretching their balance sheets, funded by borrowings from banks, and the debt and capital markets, including issuing perpetual securities. The sector’s poor outlook is reflected in the low valuation of property stocks, most of which are trading at around one-third book value.

How did this situation come about?

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