AN undersupply of affordable housing, particularly in major urban areas, coupled with an oversupply of office and retail spaces, may lead to deeper imbalances in the property market, says Bank Negara Malaysia in its 2015 annual report, which was released recently.
KUALA LUMPUR (April 4): Dissatisfaction over expensive home prices has been escalating in Malaysia in recent years, with prices now reportedly beyond the reach of an average worker in key states like Kuala Lumpur and Penang.
GEORGE TOWN (April 4): Malaysian Resources Corp Bhd (MRCB)’s Penang Sky Cab, a 4.
KUALA LUMPUR (April 4): The shift of focus to affordable housing below the RM500,000 per unit range, which has been seeing more resilient demand than higher-end properties, may strain the margins of developers, especially those who are not traditionally involved in this housing category, said Kenanga Investment Bank.
• This week, the spotlight falls on the secondary market of non-landed residences in Sentul, Kuala Lumpur.
JOHOR Bahru, capital of the country’s southernmost state, has gone through a tremendous transformation and revitalisation over the past few years.
PETALING JAYA (April 2): The first phase of Penduline’s two-storey terraced homes which comprise 246 units has achieved a take-up rate of 90% following its launch last November, said Bandar Rimbayu senior sales manager Susan Teh.
KUALA LUMPUR (April 2): Kota Kinabalu-based property developer Borneo Estate Development Sdn Bhd is planning a RM4.
PETALING JAYA (April 1): In light of high loan rejection rates experienced by many homebuyers recently, Huttons One World Sdn Bhd real estate group executive director Daniel Goh said it is likely because youths may be focusing too much on getting their dream home in the perfect location when they should be focusing on getting their house loans approved first.
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