FT minister: 27 Covid-19 cases detected at Pavilion Embassy construction site
KUALA LUMPUR (May 2): Twenty seven Covid-19 cases were detected at the Pavilion Embassy construction site here, the Malay Mail reported today.
Covid-19: Malaysia's new daily cases rise above 100 again at 105 vs 116 recoveries
KUALA LUMPUR (May 2): The Ministry of Health (MoH) announced 105 new confirmed infections, including 11 imported cases, as at noon today — the first time in slightly more than two weeks the daily new cases figure went above 100.
Lynas to restart Malaysian plant as virus curbs ease
KUALA LUMPUR (May 2): Rare earths producer Lynas Corp said on Friday it will reopen its processing plant in Malaysia at the start of next week as the Southeast Asian nation eases restrictions imposed since March to control the spread of Covid-19, Reuters reported yesterday.
Supply of serviced apartments being reduced amid overhang
PETALING JAYA (May 1): Johor has the highest number of overhang serviced apartments in the country but the situation is being mitigated by the state government's move to freeze applications for such developments in the state.
Developers continue push for HOC extension
PETALING JAYA (May 1): The Home Ownership Campaign (HOC) has contributed to an improvement in Malaysia's overall property market performance in 2019 and should be reintroduced to provide a much needed boost to the property sector in light of the current downturn amid the Covid-19 pandemic.
List of businesses not allowed to reopen on Monday, barbers to remain closed
KUALA LUMPUR (May 1): The National Security Council has listed the activities that are still not allowed despite the Conditional Movement Control Order (CMCO) scheduled to be imposed from Monday (May 4) onwards.
Residential overhang up 10% if serviced apartments are included
PETALING JAYA (May 1): The absorption of commercial-titled residences, mainly serviced apartments and SoHos, is posing a challenge to the market as seen from the significant increase in the number of overhang units of this property type in 2019.
Covid-19: Daily cases drop to 57 against 84 cured cases, while two more deaths reported
KUALA LUMPUR (April 30): The Ministry of Health (MoH) announced 57 new confirmed Covid-19 cases as of noon today, representing two straight weeks of fewer than 100 infections per day.
Penang reduced serviced apartment overhang by 50% in 2019
PETALING JAYA (April 30): The number of Penang's serviced apartment/SOHO overhang units has decreased by 51.
Serviced apartment prices under pressure as supply surges
PETALING JAYA (April 30): Luxury serviced apartments in certain locations in the country have seen their market prices reduced by up to 14% amidst rising supply in the market.
