SINGAPORE (Oct 5): Still-buoyant sentiment in the mass market could allow Singapore’s property developers to raise prices, but might trigger further policy tightening on top of the property cooling measures in place, says Maybank Kim Eng.
ON June 16, as the agreement that formally sees IWH CREC Sdn Bhd become a 60% shareholder in the Bandar Malaysia development as well as its master developer was signed, Prime Minister Datuk Seri Najib Razak announced a slew of incentives for the massive project.
THE story of Subang Jaya, Selangor started some 40 years ago.
WITH the push from key growth catalysts such as the Mass Rapid Transit (MRT) and big township developments, both landed and non-landed residential properties in major townships in the Klang Valley and Greater KL including Cheras, Kajang/Semenyih, Kota Damansara and Subang Jaya have all recorded compound annual growth rates (CAGR) of 10% and above.
KUALA LUMPUR (Sept 30): Sunway REIT Management Sdn Bhd non-independent non-executive chairman Tan Sri Dr Jeffrey Cheah Fook Ling (pictured) will relinquish his position effective today, as part of efforts to enhance board independence.
KUALA LUMPUR (Sept 29): Sunway Hotels & Resorts newly opened regional sales office in Shanghai targets to push its hotel revenue growth to double-digit from the burgeoning and affluent outbound Chinese travel market.
THE domestic property market is likely to remain slow in terms of transaction volume going forward.
PETALING JAYA (Sept 28): Property developer KSL Holdings Bhd and Signature Kitchen hosted a preview of Maple Residences in Bandar Bestari, Klang on Sept 27.
KUALA LUMPUR (Sept 28): HSBC Global Research said there is limited room for Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR), beyond the possible 25-basis-point (bps) cut by year end, given the central bank’s thin foreign exchange reserves.
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