The government and town planners are stepping up efforts to transition the nation’s towns and cities into liveable communities with opportunities for a high quality of life, affordable homes, cleaner environment and green transportation options.
The outlook for the property sector in Malaysia is expected to remain positive, according to MIDF Research, based on the current healthy loan applications, higher approved loans, and potential new infrastructure projects.
Property developer LBS Bina Group Bhd is planning to raise up to RM750 million via sukuk for capital expenditure, investments, working capital and refinancing.
Teo Seng Capital Bhd is selling a leasehold two-storey detached factory in Singapore for SG$8.5 million (about RM29.41 million), as the 19-year-old property remains under-utilised, since most of the group’s egg exports are directly delivered to wholesalers in the island nation.
A total of 26,286 completed houses, valued at RM18.3 billion, were reportedly unsold in the second quarter of 2023 (2Q2023).
Kumpulan Perangsang Selangor Bhd (KPS), along with Menteri Besar Selangor (Inc) (MBI) and the Kuala Langat land administrator, have been sued by a trio over alleged fraud involving land in Kuala Langat.
Ipsos Malaysia is calling for a review of the 30% housing expense-to-income rule in assessing housing affordability, saying the current rule that deems a home unaffordable if households spend more than 30% of their income on it, is both “outdated and arbitrary”, which leads to suboptimal policies.
Noteworthy:
When: August 2023
It will feature a mix of residential, commercial and retail elements.
In comparison with the Asia Pacific region, 47% of the prime office stock boasts green certification
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