BBCC welcomes the first Canopy by Hilton in Southeast Asia
Bukit Bintang City Centre will house the first Canopy by Hilton in Southeast Asia.
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Rail transport to drive connectivity
“Improved rail services will bring about efficient connectivity between the urban and rural areas.”
Maspex Penang showcases over 5,000 secondary properties
Maspex Penang has kicked off yesterday and will run until Oct 29 at Queensbay Mall, Penang, showcasing over 5,000 secondary properties.
Housing development expenditure likely more than halved in 2017
Allocations for People’s Housing Programme (PPR) and 1Malaysia Civil Servants Housing (PPA1M) continue to increase.
Household debt repayment capacity remains strong as at end-July 2017
Household delinquencies and impairment for total loans stayed low at 1.4% and 1.7%.
Residential property loans grew to 8.8% of household debt as at July 2017
“The bulk of household debt was for wealth accumulation with 63% secured by properties and principal-guaranteed investments.”
Purpose-built Office Rental Index continues uptrend in 2Q17
The Kuala Lumpur rental index rose by 3.7% to 133.5 points.
Shop overhangs shot up 54.3% to 7,754 units in 1H17
As of June 2017, the existing stock of shopping complexes stood at 15.1 million sq m.
Non-residential property subsector up 4.9% to RM6.4b in 1H17
Growth was due to the rebound in starts for shops and serviced apartments.
Average home prices rose in 1H17
The Malaysian House Price Index grew moderately to 184.1 points in 2Q2017 from 174.4 points a year ago.
