2015 was indeed a challenging year for the market due to several internal and external issues, such as the implementation of the Goods and Services Tax (GST), the weakened ringgit, political uncertainty, and property market cooling measures, resulting in poor consumer sentiment.
HIGH property prices have been an issue, especially for first-time homebuyers, for a while now.
PETALING JAYA (Dec 16): The Petaling Jaya City Council (MBPJ) has urged developer Kwasa Land Sdn Bhd to refrain from making any statement about potential projects at the former Rubber Research Institute (RRI) land when they are inconsistent with the current local plan.
Petaling Jaya (Nov 16): Fresh graduates feel compelled to buy property quickly because they fear prices will soon outpace the growth of their income, said Khazanah Research Institute director of research Dr Suraya Ismail.
KUALA LUMPUR (Nov 16): The Ministry of Finance said in the Economic Report 2015/16 that household debt rose to 88.
KUALA LUMPUR (Sept 25): Housing affordability has been a thorny issue for the government, and the problem becomes even more prominent after the property boom in recent years.
KUALA LUMPUR (Sept 25): There is a need to incentivise the construction industry to modernise, but it must innovate and increase productivity first to prevent a housing crisis, said Khazanah Research Institute (KRI).
KUALA LUMPUR (Sept 14): Shares of Sunway Construction Group Bhd (SCG) rose 3.
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