KL mayor confirms RM1m property ban not in place

PETALING JAYA (Dec 12): The mayor of Kuala Lumpur has confirmed that Putrajaya’s development curbs on new condominiums or office properties with units priced over RM1 million will not apply to the city, said Segambut MP Lim Lip Eng.

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Property market is not looking up yet

Although some prefer to be optimistic and believe we are already seeing a glimmer of recovery for the current slowdown in the property market, what does the latest market data tell us? The latest property market data for the first half of 2017 (1H17) released by the Valuation and Property Services Department (JPPH) of the Finance Ministry during the 2017 Preliminary Property Market Brief on Nov 13 revealed that overall, the property market has softened in 1H17, with more than 153,000 transactions recorded worth RM67.

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