The property market is gradually stabilising, but property developers hold a neutral view for 2H2023, with more optimism for 1H2024, according to recent findings of the Real Estate and Housing Developers' Association (Rehda) Property Industry Survey.

Kerjaya Prospek Group Bhd saw a 10.6% increase in net profit to RM31.57 million for its second quarter ended June 31, 2023 (2QFY2023), from RM28.54 million a year earlier, as the construction outfit posted a record quarterly revenue for 2QFY2023.

Genting Group’s Resorts World Sentosa (RWS) is set to benefit from the return of Chinese travellers, according to industry magazine Inside Asian Gaming (IAG).

Plenitude Bhd, which owns 10 hospitality assets, is acquiring its second hotel in South Korea for 32 billion won (RM114.3 million), in a bid to expand its footprint there.

Puncak Niaga Holdings Bhd is selling three parcels of leasehold land in Selangor for RM306.07 million cash, to monetise its assets as part of the group's "broader strategic thrust of sustainable value creation" for its shareholders.

Sunway Real Estate Investment Trust (Sunway REIT)’s net property income (NPI) for the second quarter ended June 30, 2023 (2QFY2023) increased by 8.7% to RM116.18 million from RM106.89 million a year earlier, primarily driven by its hotel, retail, services as well as industrial and other segments. 

Debt-ridden Perak Corp Bhd, a 52.9%-owned subsidiary of the Perak State Development Corp, will jointly develop four pieces of land in Hulu Bernam Timor, Muallim, Perak, with ARX-YSC Sdn Bhd, a private limited company engaged in construction, property consultancy services and real estate activities — nearly four years after the two companies signed a joint venture agreement (JVA).

Buying a residential property? Before you head to the bank for a loan, take a look at your credit score because it can significantly impact the lending rate you'll be offered.

Real Estate and Housing Developers’ Association (Rehda) president Datuk NK Tong suggested that banking institutions consider implementing cross-subsidies to help homebuyers own affordable homes.

There has been an increase in activity in the real estate market in Malaysia, based on the recent Real Estate and Housing Developers' Association (Rehda) Property Industry Survey for 1H2023.