BNM raises OPR to 2% from record low of 1.75%
KUALA LUMPUR (May 11): Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) on Wednesday (May 11) increased the overnight policy rate (OPR) by 25 basis points to 2% from a record low of 1.
Airbnb supports Penang government decision to regulate STRA
PETALING JAYA (May 11): Airbnb has welcomed the Penang state government's recent decision to regulate short-term rental accommodation (STRA), instead of banning it altogether.
Federal Court overturns Tribunal’s ruling – balcony in show unit not part of SPA
The Federal Court recently delivered a significant ruling on the powers of the Tribunal for Homebuyer Claims and the principle of estoppel in housing development disputes.
Property Chat - Why you need lawyers in property transactions, unlike buying cars (Part 1)
“When we buy a luxury car for RM800,000, we can get our bank facility within two or three days without a lawyer, but when we buy a house for RM300,000, we are required to have a battery of lawyers to complete the transaction which takes an average of three to six months.
Maybank IB cuts Genting Malaysia FY22 EPS by 40% as Omicron seen dampening recovery
KUALA LUMPUR (May 6): Maybank Investment Bank (Maybank IB) on Friday cut Genting Malaysia Bhd's earnings per share (EPS) for the financial year ending Dec 31, 2022 (FY22) by 40% as the Omicron wave which began in Malaysia in February slows Resorts World Genting's (RWG) recovery.
CBRE shares positive outlook on Malaysia's hotel sector
KUALA LUMPUR (Apr 29): With a resilient domestic tourism sector and Malaysia's growing popularity as a halal tourism destination, Kuala Lumpur is poised to reap the benefits of the reopening of international travel, CBRE said in a recent Kuala Lumpur Hotel Market Outlook & Prospects 2022 report by CBRE|WTW’s global joint venture partners, CBRE Asia Pacific.
Analysts mixed on property sector, affordable housing play favoured
GIVEN the uneven economic recovery in the aftermath of a global health crisis, analysts are maintaining a neutral stance on property stocks while keeping an eye on developers with affordable and landed residential offerings.
Knight Frank Malaysia acquires Property Hub Sdn Bhd
PETALING JAYA (Apr 27): Knight Frank Malaysia acquired real estate agency Property Hub Sdn Bhd in a joint venture (JV) and rebranded the agency as Knight Frank Property Hub Sdn Bhd.
Guocoland 3Q net profit tumbles 91% to RM6.73 mil
KUALA LUMPUR (April 27): Guocoland (Malaysia) Bhd’s net profit fell significantly by 90.
Vacancy rates for malls, office spaces increasing – Napic report
KUALA LUMPUR (Apr 27): Occupancy rates for purpose-built office and retail spaces are dropping even though the supply has increased in 2021, according to the National Property Information Centre (Napic) report for 2021.
