News About Property Market
Finance Minister II: Recent developments freeze to eliminate non-serious players in property industry
KUALA LUMPUR (Nov 28): Putrajaya's recent freeze on new developments of shopping malls, offices, serviced apartments and condominiums priced above RM1 million is intended to eliminate property players who are "not serious" from the industry as they will "kill the serious developers", said Finance Minister II Datuk Seri Johari Abdul Ghani.
PETALING JAYA (Nov 28): The property market is expected to improve after the general elections (GE) are held, said Malaysian Institute of Estate Agents (MIEA) president Eric Lim.
KUALA LUMPUR (Nov 28): The Malaysian property market is expected to recover in the coming years, after a challenging environment that has dragged on since 2013, said the soon-to-listed Sime Darby Property Bhd (SD Property).
KUALA LUMPUR (Aug 23): S P Setia Bhd won silver at The Edge Billion Ringgit Club Awards 2017 in the category of companies with the highest growth in profit after tax for over three years in the property sector.
“House prices will never go down” is probably what we hear whenever we are told to invest in a residential property. And property developers have enforced that time and again, citing the rising cost of construction and strong demand from a growing population.
PETALING JAYA (April 18): The average occupancy rate for offices in Kuala Lumpur declined to 77.9% as at end-2016, from 81.2% a year earlier due to new supply that came on stream, exceeding 320,000 sq m, according to the National Property Information Centre’s (Napic) Malaysian Property Market Report 2016 released today.
PETALING JAYA (April 18): The number of loan applications for residential property purchases totalled 168,154.77 in 2016 with 87,550.87 of them having been approved. This translates to a loan applications to loan approvals ratio of 52.1%.
KAJANG (April 18): The overall property market slowdown had worsened in 2016 with a decline in transaction volume by 11.5% to 320,000 transactions from 362,105 transactions the previous year.