News about ER

PETALING JAYA (March 11): Sunway Property is currently drawing up plans for its first high-rise residential development at its mixed-use development, Sunway Wellesley in Bukit Mertajam in Seberang Perai on the Penang mainland.

Sold for: RM3,800,000 (RM633.

2015 was indeed a challenging year for the market due to several internal and external issues, such as the implementation of the Goods and Services Tax (GST), the weakened ringgit, political uncertainty, and property market cooling measures, resulting in poor consumer sentiment.

KUALA LUMPUR (March 10): Luster Industries Bhd is collaborating with Koperasi Hartanah Malaysia Bhd (Kohama) to build 106 units of affordable houses within the Taman Tasik 1 Malaysia development in Pengkalan Hulu, Perak.

PETALING JAYA (March 9): The Goods and Services tax (GST) which was introduced in April last year has reduced demand for commercial properties in the market due to the additional 6% cost that buyers have to pay, said Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon.

PETALING JAYA (March 9): Almost 70% of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015 remained pessimistic on the property market for 1H2016.

AMID cautious market sentiment, house prices in Kota Kinabalu continued to increase in 4Q2015, but at a slower rate, says Rahim & Co Sabah branch manager Max Sylver Sintia (pictured, below).

KUALA LUMPUR (March 8): Malaysia should try harder to woo Chinese tourists to shop here, as they are among the world’s biggest spenders and make up the largest consumer market of luxury goods, said Savills (Malaysia) Sdn Bhd managing director Allan Soo.

KUALA LUMPUR (March 8): Property developer Eco World Development Group Bhd (EcoWorld) today launched its Professional Women’s Network (PWN), in conjunction with International Women’s Day 2016.

ARA DAMANSARA (March 7): Sime Darby Property Bhd has launched the Sime Darby Property Mobile App, a new mobile application that will feature information on its projects -- such as prices, specifications, and layout –- as well as the latest property news, developments and activities, said the group in a press statement today.