News about Property Market

Selangor Properties Bhd  (June 27, RM4.

KUALA LUMPUR (June 26): Non-bank lender Malaysia Building Society Bhd (MBSB) aims to convert its conventional assets worth about RM1 billion, which makes up about 10% of its assets, to Islamic assets over the next two years, as part of its plans to becoming an Islamic bank.

KUALA LUMPUR (June 7): These may be challenging times for the Malaysian property sector, but it is also an opportunity for the company to undergo renewal, said Sime Darby Property group managing director Datuk Amrin Awaluddin.

JOHOR BAHRU (June 4): Property developer S P Setia Bhd expects the country’s property market to return to growth after the Goods and Services Tax (GST) was zero-rated from June 1.

KUALA LUMPUR (May 24): JAKS Resources Bhd saw its net profit more than double to RM17.

SHAH ALAM (May 17): S P Setia Bhd said today that the Malaysian property market may see improved buyer sentiment after the government announced that the goods and services tax (GST) rate will be reduced from 6% to 0% effective June 1 this year.

PETALING JAYA (May 15): Election pledges made by the new Pakatan Harapan (Pakatan) government regarding affordable housing and the property market at large may hurt the industry as the new government seeks to further control the market which could potentially prevent its self-correction, said Institute for Democracy and Economic Affairs (Ideas) senior fellow Dr Carmelo Ferlito.

KUALA LUMPUR (May 3): The overall property market is expected to stabilise this year, underpinned by the improving Malaysian economy that had recorded 5.

KAJANG (April 19): The Malaysian House Price Index continues to climb as it grew 6.

PETALING JAYA (April 19): The residential property sector in Johor has seen improved sales performance with 44.