RM18.3b worth of unsold houses in 2Q, says deputy minister
Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir stated that, according to the National Property Information Centre (Napic), this indicates a 5.
KPS sued over alleged land fraud in Kuala Langat
The dispute involves two parcels of land measuring 9.
Putrajaya urged to review ‘outdated and arbitrary’ housing affordability rule based on 30% of income
The current rule is also not based on the needs of Malaysian households, Ipsos Malaysia said in a statement.
DONE DEAL: Condominium unit, The Pearl, KLCC, Kuala Lumpur
DONE DEAL: Agricultural land, Tanarimba, Janda Baik, Pahang DONE DEAL: Serviced residence, Residensi Lucentia, Kuala Lumpur The Pearl is situated in the highly sought-after and esteemed district of the city, adjacent to renowned landmarks like the Petronas Twin Towers and the Pavilion Kuala Lumpur.
Matrix Concepts secures RM512m financing facility from AmBank for MVV 2.0 project
“We will use 80% of the financing to fund the land purchase, and the remaining for infrastructure development in the township as well as standby funds.
Demand exceeds supply for green-certified Grade A office in KL – JLL report
Currently, the demand for green workspaces in KL is estimated to be approximately between 40% and 45% while supply only stands at 35%.
LBS Bina secures 28.67MW solar power capacity from Energy Commission under CGPP
The total quota of 800MW under CGPP has now been fully subscribed.
Ibraco, China Railway win RM569m Kuching rapid transit project
The KUTS projects aim to transform Kuching into a dynamic and competitive city by providing user-friendly mobility services through the Greater Kuching area with the introduction of the autonomous rapid transit.
GuocoLand's 1Q net profit triples to RM4.8 mil on higher property development and hospitality contribution
Looking ahead, the group acknowledged challenges in the domestic property sector due to higher interest rates, ongoing inflation and an oversupply of properties in different markets and segments.
The Malaysian housing industry is efficient and competitive — the government should just focus on public housing
How do we compare our building costs to those in neighbouring countries? Are Malaysian developers making excessive profits? Are they building the wrong products at unreasonably high prices to maximise profits, resulting in an excessive number of unsold houses, instead of building more affordable houses? Last week, we provided our data-based analysis that contradicts the prevailing myth that housing is generally unaffordable in Malaysia.
