News About Property Market
KUALA LUMPUR (Feb 28): Property developer Selangor Properties Bhd (SPB) anticipates the local property market to remain soft this year against the backdrop of the impending 14th general election (GE14), which causes uncertainties in the market.
KUALA LUMPUR (Jan 25): Shares in property developer Hua Yang Bhd fell 3.20% after it slipped into the red in its fiscal third quarter ended Dec 31, 2017 (3QFY18), posting a net loss of RM957,000 compared with a net profit of RM10.42 million a year ago.
KUALA LUMPUR (Jan 17): The property market in Malaysia is expected to remain flattish for the rest of 2018, according to property consultancy CBRE|WTW Malaysia.
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.