News about S

  Here are the price growth trends and indicative asking rental yields for non-landed residences in Southwest Penang.

KUALA LUMPUR (Jan 20): The current property market slowdown will be positive in the long-term as it is reining in the rapid price increases, cooling the market and reducing speculation, said Henry Butcher (M) Sdn Bhd COO Tang Chee Meng (pictured, right).

KUALA LUMPUR (Jan 20): Property prices are expected to consolidate further to the House Price Index (HPI) 15-year, long-term average of 5.

KUALA LUMPUR (Jan 20): Housing non-performing loans (NPLs) are expected to increase this year, although it won’t be at the level seen during the financial crisis in the late-1990s, according to VPC Alliance (Malaysia) Sdn Bhd managing director James Wong (pictured).

KUALA LUMPUR (Jan 20): Illegal property brokers and marketing companies are turning to new age media such as websites and applications to encourage landlords to use their services instead of real estate agents, said  the Board of Valuers, Appraisers, and Estate Agents Malaysia (BOVAEA).

KUALA LUMPUR (Jan 20): The Kuala Lumpur High Court today granted leave for a judicial review application filed by the lot owners of the Ampang Park Shopping Centre (pictured) against Putrajaya.

HOKKAIDO (Jan 20): Sustainable hostel MY ecolodge by Low Yat Group was officially launched in Hokkaido, Japan on Dec 1 last year.

Axis Real Estate Investment Trust (Jan 19, RM1.

KUALA LUMPUR (Jan 20): Yong Tai Bhd has aborted plans to develop a luxury serviced apartment project in Jalan U-Thant here, which carries a gross development value of RM168 million, via a joint venture (JV).

  Here are the average prices of non-landed residential property in Southwest Penang on a per square foot (psf) basis.