Property market to remain challenging this year
Property sector Maintain neutral: Granted, the share price of most of the property developers have moved up this year, which we believe is due to renewed buying interest in laggards and overall improved market risk appetite rather than on signs of recovery in operating conditions.
In-depth study on unsold low-cost homes needed
KUALA LUMPUR (July 14): The Real Estate and Housing Developers’ Association (Rehda) said an in-depth study on unsold low-cost homes needs to be done, in response to a suggestion that the Johor government should buy up unsold units to help out property developers.
Stress and the city
So it’s true — Klang Valley folks are less happy living in the city compared with those living in Penang and Johor Bahru.
MPCorp surges 29% on JV to develop land in Johor
KUALA LUMPUR (July 13): Malaysia Pacific Corp Bhd (MPCorp) surged 29.
MPCorp enters JV to develop 13 pieces of land in Johor
KUALA LUMPUR (July 13): Malaysia Pacific Corp Bhd (MPCorp) said it has entered into a joint venture (JV) agreement with Taiwan-based Chun Fu Development Sdn Bhd to jointly develop 13 pieces of land in Plentong, Johor.
RAM revises outlook on Country Garden’s notes to stable
KUALA LUMPUR (July 12): RAM Rating Services Bhd has revised to stable from negative the outlook on its rating of Country Garden Real Estate Sdn Bhd’s (CGRE) debt notes.
Versatile Creative falls 2% on delay of due diligence exercise for apartments
KUALA LUMPUR (July 11): Versatile Creative Bhd fell 2% at mid-morning today, after it announced it has delayed due diligence exercise for the development of medium-cost apartments in Johor, which has a gross development value of RM110 million.
Versatile Creative delays due diligence
KUALA LUMPUR (July 11): Versatile Creative Bhd said the due diligence for the development of medium-cost apartments, with a gross development value of RM110 million, in Johor Bahru has been delayed.
