Unsold properties and the cooling market
Residential overhang numbers, or properties unsold after nine months post-completion, totals 29,227 units worth RM17.
KPKT optimistic on property market outlook
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.
Unsold completed homes at record high
KAJANG: The slow property market has led to the increase in residential overhang numbers which as of 1H2018 totals 29,227 units worth RM17.
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UPDATE: Dwindling unbilled sales
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.
MIEA: Property investors to make a comeback
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.
Ideas: Malaysia needs to be ready for the property bubble to burst
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).
MBSB still has RM1b conventional assets to be converted
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.
Sime Darby Property going through 'renewal', says MD
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.
S P Setia expects property market to improve
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.
