Malaysian retail industry grew 3.4% y-o-y in 2Q2021
KUALA LUMPUR (Oct 7): The Malaysian retail industry recorded a positive growth rate of 3.
Zooming into auction market 2020
Amongst the 27,541 foreclosure properties, a majority of 83% or 22,867 residential properties worth RM8.
Foreclosure properties: It’s a buyer’s market
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.
Genting Malaysia announces temporary closure of resorts following MCO expansion
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.
Are foreclosures by banks possible even after you have paid promptly?
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.
Third wave of Covid-19 forcing theme parks to consider temporary closure
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.
Muted auction market inching back to action
The auction property market in Malaysia has been muted in the first quarter of 2020 when the six-week Movement Control Order (MCO) from March 18, 2020 caused a pause in all physical auction activity.
Berjaya Tioman Resort to close down on June 15
KUALA LUMPUR (June 12): The Berjaya Tioman Resort on Pulau Tioman in Pahang has announced that it will close permanently on June 15, the Malay Mail reported today.
Hotel closures, staff reduction, paycuts for Swiss Garden International
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.
More than 8,600 businesses closed down in April in Singapore
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.
