According to the report, the decline was due to negative take-ups in several states especially Selangor and Pahang, which saw 32,665 sq m and 10,831 sq m of space unoccupied respectively.

Nevertheless, overall, Malaysia’s house prices continue to rise and show no sign of decreasing as the 2018 MHPI stood at 193.3 points, up by 3.1 points against 2017, according to the National Property Information Centre's Property Market Report 2018 which was launched today.

Market activity in the first quarter of 2019 has also shown an improvement compared with the same period last year based on the volume and value of property transactions recorded.

This new scheme, to begin in October, is to replace the old one ending today. 

“The question is why is there always a gap between the government sector figures with the private sector figures?” Lim asked, calling for a transparent standard operating procedure to bridge the value gap.

“The Malaysian economy’s fundamentals are strong and robust, and we remain confident of the country’s resilient growth trajectory,” he said in a statement yesterday.

Rakuten head of research said the roll-out of infrastructure projects is likely to revive the ailing domestic economy, as the multiplier or spillover effect of construction activity is the “fastest and widest” compared to other sectors.

According to its filing with Bursa Malaysia, realised property income rose 19% to RM53.56 million in 1QFY19 from RM44.95 million a year ago, as revenue climbed to RM53.77 million from RM45.09 million.

SDP claimed it had written to Melaka Chief Minister Adly Zahari several times — specifically on Oct 29, Nov 13, and March 25 this year — to appeal against the state-compelled acquisition. But there has been no reply from Adly’s office.

Kimlun said its wholly-owned Kimlun Sdn Bhd secured the job from Rexpoint Resources Sdn Bhd.