KUALA LUMPUR (Oct 7): The Malaysian retail industry recorded a positive growth rate of 3.
With the Covid-19 pandemic affecting the income source of many property owners, have more assets been placed under the hammer? For home-seekers and investors, is the auction market now offering value-worthy picks? A check with auction houses show that indeed, prices on the foreclosure market have slumped to as much as 30% to 40% below market value.
KUALA LUMPUR (Jan 21): Genting Malaysia Bhd (GenM)’s Resorts World Genting, Resorts World Away, Resorts World Kijal and Resorts World Langkawi will be temporarily closed following the implementation of the Movement Control Order (MCO) in six more states.
In early December 2020, it was reported on online media that the house of a cash purchaser in Lunas, Kedah was auctioned off by the financing bank because the progress payments she made to the developer allegedly never reached the bank.
KUALA LUMPUR (Oct 10): It has been barely four months since Malaysia’s theme park and attractions industry reopened for business — that too at a reduced capacity.
KUALA LUMPUR (June 4): More hotel closures seem to be the order of the day due to the Covid-19 pandemic and the latest casualties are three Swiss Garden International (SGI) hotels across the country, the New Straits Times (NST) reported today.
SINGAPORE (May 12): More than 8,600 business entities in Singapore have closed down in April - more than a double compared to March as well as during SARS in 2003 and economy recession in 2009, as Covid-19 pandemic continues to bite.