News about comment

GIVEN the uneven economic recovery in the aftermath of a global health crisis, analysts are maintaining a neutral stance on property stocks while keeping an eye on developers with affordable and landed residential offerings.

PETALING JAYA (Apr 27): Knight Frank Malaysia acquired real estate agency Property Hub Sdn Bhd in a joint venture (JV) and rebranded the agency as Knight Frank Property Hub Sdn Bhd.

KUALA LUMPUR (April 27): Guocoland (Malaysia) Bhd’s net profit fell significantly by 90.

KUALA LUMPUR (Apr 27): Occupancy rates for purpose-built office and retail spaces are dropping even though the supply has increased in 2021, according to the National Property Information Centre (Napic) report for 2021.

PETALING JAYA (April 26): The rapidly growing e-commerce sector will continue to boost market demand for logistic properties in Malaysia and other Asia Pacific countries, according to JLL Property Services (M) Sdn Bhd.

You can’t wait to move into your dream home.

Some developers are ‘arm-twisting’ house buyers to sign away their rights to late delivery compensations, but are such waivers legitimate?  Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers.

KUALA LUMPUR (April 12): Petroliam Nasional Bhd (Petronas)-controlled real estate entity KLCCP Stapled Group hopes 2022 will be a better year for the property group, although business is unlikely to return to pre-Covid-19 levels during the year as business recovery from movement restrictions will take time, according to chief executive officer Md Shah Mahmood.

PETALING JAYA (April 12): Knight Frank Malaysia expects to see an increase in hotel transactions over the next 24 months, supported by improved appetite of hotel owners and operators as shown in its latest market survey report.

KUALA LUMPUR (April 11): RHB Investment Bank Bhd said the property sector should generally benefit from the re-opening of the economy and international borders.