Tien Wah to dispose of Australian land for RM65m
KUALA LUMPUR (Oct 6): Tien Wah Press Holdings Bhd’s Australian unit is disposing of a parcel of land in New South Wales, along with a building erected on it, for A$22.
State assemblyman suggests making Penang governor’s residence a tourist attraction
GEORGE TOWN (Oct 3): Penang state assemblyman Jason Ong Khan Lee today suggested that the Penang governor’s official residence (pictured) along Jalan Utama should be opened for guided tours, reported the Malay Mail today.
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‘Scrap foreign home ownership thresholds to curb oversupply’
KUALA LUMPUR (October 3): Savills Malaysia chairman Datuk Christopher Boyd said the thresholds for foreign property buyers should be removed in order to deal with the oversupply issue seen in the residential segment.
Do not let developers take control, deputy minister tells councils
KUALA LUMPUR (October 3): Property developers are behaving more and more like local councils, Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah said, noting that this has given rise to the current form of townships that are not centralised and are dominated and led by private developers.
All stakeholders must help in resolving the lack of availability of affordable homes, say industry players
SERI KEMBANGAN (Oct 2): Developers, researchers and policy makers opined that to resolve the affordable housing availability problem, all stakeholders in the public and private sectors need to work together to offer multiple solutions.
Cloudy outlook ahead but opportunities are still out there
SERI KEMBANGAN (Oct 2): While it is still unclear when the property market will recover from the current slowdown, there are still opportunities to seize in the market, according to industry experts.
Home prices can come down if certain issues addressed, say developers
SERI KEMBANGAN (Oct 2): While the government is asking property developers to lower home prices following the Sales and Service Tax (SST) exemption on construction services and building materials, industry players said lower prices can be achieved if issues such as labour shortage and the lofty compliance and development costs are addressed.
KPKT to introduce comprehensive database by next year, says deputy minister
SERI KEMBANGAN (Oct 2): The Housing and Local Government Ministry (KPKT) is now working on a comprehensive database which could help first time homebuyers to own a property, said KPKT deputy minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad.
Sealink sells Miri land for RM26.5m, expects RM19m gain
KUALA LUMPUR (Oct 2): Sealink International Bhd is selling a 1.
Tough for govt to influence land prices, says Guan Eng
KUALA LUMPUR (Oct 1): In response to former prime minister Datuk Seri Najib Razak's comment on housing prices, Finance Minister Lim Guan Eng said it is tough to influence the price of land, which is why the government had opted to reduce the cost of construction instead.
