News about agents

Although market sentiment is generally bearish owing to the Covid-19 pandemic and economic slowdown, Malaysia has been able to fend off the worst thus far, thanks to its strong fundamentals and the government’s efforts to bolster the economy.

Many have despaired at the implementation of the Movement Control Order (MCO) from March 18 to May 12, followed by the Conditional MCO (CMCO) from May 13 to June 9, because their incomes have shrunk.

PETALING JAYA (June 5): The Penjana Short-term Economic Recovery Plan (ERP) announced by Prime Minister Tan Sri Muhyiddin Yassin today will boost overall market sentiment and raise confidence for a market recovery, said Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping.

KUALA LUMPUR (April 3): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has joined recent calls for the government to provide specific stimulus measures for the real estate industry in light of the prolonged slowdown and the impact of the Covid-19 outbreak and ongoing Movement Control Order (MCO) in the country.

PETALING JAYA (March 25): Real estate agents and negotiators are facing challenges working from home during the Movement Control Order (MCO) period being enforced to stem the spread of the COVID-19 outbreak in Malaysia.

PUNCAK ALAM (March 12): The Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and the police conducted a joint raid on a real estate cooperative firm's office in Puncak Alam, Selangor today.

KUALA LUMPUR (Feb 28): The Malaysian Institute of Estate Agents (MIEA) expects the property market to be adversely affected by the current challenges being faced by the country particularly the ongoing novel coronavirus (COVID-19) outbreak and the political crisis which has seen the fall of the Pakatan Harapan government and the resignation of the prime minister.

KUALA LUMPUR (Dec 7): Perumahan Rakyat 1Malaysia (PR1MA) has warned potential buyers of its affordable homes to be vigilant against those claiming to be sales agents on behalf of the agency.

PETALING JAYA (Nov 23): The Malaysian Institute of Estate Agents (MIEA) “believes” that uncertified agents “are aggressively pushing” owners of the Rumah Selangorku scheme to rent out their units, The Star reported today.

PETALING JAYA (Oct 30): Mohd Khairudin Abdul Halim has been appointed the director general of valuation and property services of the Department of Valuation and Property Services (JPPH) and the president of the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).