Affordable housing influx may worsen overhang situation

PETALING JAYA (April 21): A growing supply of affordable housing – variously defined as priced below RM500,000 to below RM200,000 by different authorities and consultancies – by public and private entities threatens to keep overhang units undigested, reported The Edge weekly.

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Supply of new hotels on the rise in Malaysia

PETALING JAYA (April 17): Thirty new hotels were completed last year, adding a further 5,777 rooms to the sector in 2017, over 50% more than the 3,733 new rooms introduced in 2016, said the Valuation and Property Services Department’s (JPPH) “Malaysian Property Market Report 2017”.

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Office sector improves marginally in 2017

PETALING JAYA (April 17): The office sector performed better in 2017 as the high take-up of office spaces had led to slightly improved occupancy levels last year, according to the Valuation and Property Services Department’s (JPPH) newly released “Malaysian Property Market Report 2017”.

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