Investors made money from these condos on Penang island
Many property investors have been drawn to Penang because of its robust tourism and industrial activities.
DONE DEAL: 2-storey terraced house, Taman Sri Puchong, Selangor
Sold for: RM300,000 Concluded by: Wong Hor Yan (REN 18777) of 1TPE Realty Sdn Bhd (016-324 8307) When: June 2017 Noteworthy: ● 99 years leasehold with 80 years remaining on the lease ● Land area: 825 sq ft ● Unfurnished ● Amenities in the vicinity include convenience store, restaurants, supermarkets, clinic, automobile repair shops, Tesco Extra Puchong, Columbia Asia Hospital and banks ● Accessibility: Damansara-Puchong Expressway (LDP) Taman Sri Puchong is a leasehold mostly-residential development in Puchong, Selangor that comprises terraced houses, flats and shophouses.
UEM Sunrise’s land sale to improve net gearing
KUALA LUMPUR (Nov 1): The net gearing of UEM Sunrise Bhd is expected to improve to 0.
Hua Yang falls 5.42% after 2Q net profit plunges 97%
KUALA LUMPUR (Oct 30): Shares of affordable housing developer Hua Yang Bhd fell 5.
Rise in commercial property foreclosures
The auction market has seen more commercial properties go under the hammer in the first half of this year compared with the same period last year, according to Auctionguru.
HBA: Affordable housing policy needs to be targeted at the right segment
PETALING JAYA (Oct 27): The National House Buyers Association (HBA) has lauded the government’s move to build more affordable homes.
PEPS: No measures in Budget 2018 to arrest current property market challenges
KUALA LUMPUR (Oct 27): Budget 2018 has failed to address the challenges faced by the current property industry, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) in a statement following the tabling of the budget today.
Maspex Penang showcases over 5,000 secondary properties
PETALING JAYA (Oct 27): The fifth property exhibition held by the Malaysian Institute of Estate Agents (MIEA) Penang has kicked off yesterday and will run until Oct 29 at Queensbay Mall, Penang, showcasing over 5,000 secondary properties.
Parking space-size flats to be the norm in Hong Kong
HONG KONG (Oct 27): Nano flats, or apartments each smaller than 200 sq ft, will be the new norm in Hong Kong as 2,100 of such complexes are on drawing boards through 2020.
