News about REN

Residential market's transactions expected to increase Industrial market’s demand surges It was an interesting year in 2022 for the Malaysia property market as we saw several initiatives by the government and improvements in sentiment among buyers and developers which led to what seemingly was a post-pandemic recovery phase for the sector.

In a report unveiled at the roundtable, Rehda Institute highlighted compliance costs as a major challenge in the industry, with continued hikes leading to higher prices and hence, reduces affordability, project feasibility, profits, and future supply.

Recovery in the residential property sector continues, albeit at a slower pace amid rising borrowing costs and growing inflationary pressure.

"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.

Prime Minister Justin Trudeau’s Liberal Party: The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors.

In a note on Wednesday (Jan 4), analyst Loong Kok Wen stated that property valuations had factored the negative impact of interest rate hikes on housing demand, but with the rate hikes frontloaded, the pace of the increase in interest rates is expected to decelerate in 2023.

A lot of the companies are not registered with respective governing bodies while some misuse other designer's portfolio and claim that it belongs to them, while “some make ridiculous offers that are beyond the normal standards of practice”.

"Among the steps that need to be taken is to immediately reintroduce a strict standard operating procedure as a preparedness measure in addition to ensure that Malaysia becomes a destination of choice for foreign tourists to visit.

Moody’s expects the local economy to slow in 2023 given external demand for its manufactured goods has weakened, mainly due to the slowing Chinese economy KUALA LUMPUR (Dec 30): Economists expect more overnight policy rate (OPR) hikes to combat inflationary pressures in 2023, with CGS-CIMB expecting two more 25-basis-point increases to 3.

Economists believe the government is unlikely to slash subsidies abruptly in Malaysia, especially those regarding electricity and petrol.