Genting group plans pay cuts
KUALA LUMPUR (April 21): Malaysia’s casino-to-hospitality conglomerate Genting Bhd.
MIDA: Approved investments in manufacturing, services and primary sectors rose 1.7% in 2019
KUALA LUMPUR (April 21): The Malaysian Investment Development Authority (MIDA) said total approved investments for the manufacturing, services and primary sectors rose 1.
Property prices expected to decline by as much as 20% following Covid-19 — buyers market ahead, says MIEA
KUALA LUMPUR (April 16): Property prices are expected to decline by as much as 20% in the next few months with more motivated sellers, as the impact of Covid-19 continues to unfold.
IMF warns pandemic will halt Asia’s growth for first time in 60 years
TOKYO (April 16): Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and major export destinations, the International Monetary Fund said today, according to a Reuters report.
TA Global halts operations of six hotels due to Covid-19
KUALA LUMPUR (April 14): The outbreak of Covid-19 has prompted real estate developer TA Global Bhd to temporarily close six of its hotels.
'Best time to buy is NOW'
PETALING JAYA (April 10): While many are expecting property prices to come down further in light of the uncertainties brought on mainly by the Covid-19 pandemic, Rescom Realty team leader and PEHAM (Persatuan Perunding Hartanah Muslim Malaysia) Exco member Mohd Faizal Mohd Ismail reckons that for first-time homebuyers, the best time to buy a property is "always now".
100% buyers’ market now but know WHY you are buying
PETALING JAYA (April 10): Property buyers have strong bargain power now more than ever as more property owners may be wanting to let go of their units quickly in light of the current market environment.
EdgeProp.my's FBLive on undervalued properties attracts over 10,000 views
PETALING JAYA (April 10): With the current Covid-19 pandemic and economic situation impacting the country and globally, is the real estate industry irrelevant and a total crash and gloom? Or are there property gems out there buyers can take advantage of? To discuss these issues, EdgeProp.
Time to buy as owners are more realistic with the selling price
PETALING JAYA (April 10): Property owners becoming more realistic on pricing during tough times and willing to reduce their asking price, for buyers who are eyeing for investment properties, now it’s time to do so, said Propnex Malaysia COO & principal Evon Heng.
Take slight pay cuts, property sector workers urged
PETALING JAYA (April 9): An association of property developers has urged workers in the construction industry to accept pay cuts to help the companies employing them stay afloat, Free Malaysia Today reported today.
