News about Property Market

LONDON (Dec 17): The pricey property market of London has caused even the children of the wealthy to need financial help.

KUALA LUMPUR (Dec 13): IJM Corp Bhd, whose net profit plunged 80.

KUALA LUMPUR (Nov 2): Malaysia's tax revenue is estimated to register RM174.

      Property sector    Maintain market weight: The new housing policy is set to address house ownership issues whereby the government is expected to ease lending requirements and reduce cost of construction.

Residential overhang numbers, or properties unsold after nine months post-completion, totals 29,227 units worth RM17.

KUALA LUMPUR (Oct 12): Housing and Local Government Minister Zuraida Kamaruddin is upbeat about the prospects of the property market next year despite the less-than-rosy statistics from the first half of this year (1H2018) presented by the National Property Information Centre (Napic) yesterday.

KAJANG: The slow property market has led to the increase in residential overhang numbers which as of 1H2018 totals 29,227 units worth RM17.

KUALA LUMPUR (October 1): The fact that most property developers’ unbilled sales — sales which are already locked in but not yet captured in the books — have been declining does not seem to come as a surprise to many analysts given the lack of catalysts moving the property sector.

PETALING JAYA (Aug 9): Malaysian Institute of Estate Agents (MIEA) holds an optimistic outlook of the property market and believes that real estate investors will make a comeback, due to improving fundamentals under the new government and new policies to address the sector's issues.

KUALA LUMPUR (July 24): The Malaysian government needs to be ready for the nation's property bubble to burst and the risk that this could lead to an economic crisis, following spectacular growth in the high-end property segment, according to the Institute for Democracy and Economic Affairs (Ideas).