Unsold residential units to rise in 2016
KUALA LUMPUR (March 14): Property developers are expected to see more unsold residential units in 2016, as launches over the past two years are expected to come on stream, amid a slowdown in demand.
Are luxury properties making a comeback despite the slow market?
PETALING JAYA (March 11): Despite developers scaling back on new property launches, the number of new bungalows and garden villa units launched in 2H2015 have jumped to 312 from 24 units in 1H2015, according to the Real Estate Housing Developers Association of Malaysia (Rehda) Property Industry Survey 2H2015.
Affordable housing not affordable to build
PETALING JAYA (March 11): Close to a third of 159 respondents to the Real Estate Housing Developers Association (Rehda) Property Industry Survey 2H2015 agree that the main issue with affordable housing is the increased overall cost of doing business.
Treading cautiously while remaining optimistic
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.
Malaysia’s property market may see recovery at year-end, says economist
PETALING JAYA (March 9): The Malaysian property market is expected to see some signs of recovery by this year-end, supported by an improving local economy and market sentiment.
GST slowed down launches of commercial units
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.
These properties are most vulnerable to loan rejection
PETALING JAYA (March 9): Properties priced from RM500,001 to RM700,000 are the most vulnerable to loan rejection, according to almost a third of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015.
Rehda: Developers remain pessimistic on 1H2016
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.
MyCREST targets 20 projects to be accredited this year
PETALING JAYA (March 4): The soon to be launched Malaysian Carbon Reduction and Environmental Sustainability Tool (MyCREST) targets to have 20 property projects accredited under a pilot project this year.
Mapex 2016 eyes 40,000 visitors
PETALING JAYA (Mar 1): The Malaysian Property Expo (Mapex) 2016 is expected to generate RM500 million in sales, said its organising chairman Datuk Ng Seing Liong.
