News about Soam

PETALING JAYA (May 1): Will freezing approvals for new projects help overcome the property overhang situation in Malaysia? Read also Promote Malaysia before promoting projects, developers told Efficient Bumiputera units release can help reduce property overhang Developers continue push for HOC extension Supply of serviced apartments being reduced amid overhang A suggestion to freeze approvals for new projects in view of the overhang was raised by a viewer during EdgeProp.

As work-from-home becomes a new norm, it is expected that demand for physical office spaces will be reduced.

The ongoing Covid-19 outbreak has put a large dent on the global economy.

PETALING JAYA (April 17): The Home Ownership Campaign (HOC) is not a "cheap sale" but meant to reduce the burden on homebuyers with the government incentives such as stamp duty waivers, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Soam Heng Choon.

PETALING JAYA (April 17): Whether property developers will lower the prices of their products in light of the current economic downturn brought on by the Covid-19 pandemic would depend on how desperate the developer is, but one thing is certain prices will definitely come down, said Datuk Soam Heng Choon, Real Estate and Housing Developers’ Association (Rehda) president.

The Malaysian Housing Price Index (HPI) fell by 9.

PETALING JAYA (April 9): An association of property developers has urged workers in the construction industry to accept pay cuts to help the companies employing them stay afloat, Free Malaysia Today reported today.

PETALING JAYA (April 8): The Real Estate and Housing Developers' Association Malaysia (Rehda) wants the government to enact an all-encompassing force majeure exemption bill or a COVID-19 (Temporary Measures) Bill to lawfully protect business owners in light of the COVID-19 outbreak.

KUALA LUMPUR (March 26): Housing prices in Malaysia are under pressure and Malaysian homebuyers could pick up some real bargains soon as the property market turns sour with the current COVID-19 outbreak, according to real estate consultancy Savills Malaysia managing director Datuk Paul Khong.

PETALING JAYA (March 20): Real Estate and Housing Developers Association Malaysia (Rehda) president Datuk Soam Heng Choon said the current COVID-19 pandemic and economic uncertainties will affect all sectors in Malaysia, including the property development sector.