In a note on Wednesday (Jan 4), analyst Loong Kok Wen stated that property valuations had factored the negative impact of interest rate hikes on housing demand, but with the rate hikes frontloaded, the pace of the increase in interest rates is expected to decelerate in 2023.
DONE DEAL: Bungalow, Rimba Valley, Kota Damansara, Selangor DONE DEAL: Semi-detached, Bukit Bandaraya, Shah Alam, Selangor Jalan Kovil Hilir, Sentul, is an upcoming commercial area with new building projects coming up in the vicinity.
SunCon said that barring any unforeseen circumstances, the contract is expected to contribute positively to the group's earnings for the financial year ending Dec 31, 2023 onwards.
"We anticipate a greater uptake for our future products with the upcoming retail, leisure and commercial properties in the next two years to tailor for the burgeoning market in this area.
Matta president Datuk Tan Kok Liang: Since the re-opening of our borders in early 2022, our country has been making steady, positive progress towards recovery and any knee-jerk reaction to re-introduce restrictions without proper planning risks undoing all that we have achieved.
A lot of the companies are not registered with respective governing bodies while some misuse other designer's portfolio and claim that it belongs to them, while “some make ridiculous offers that are beyond the normal standards of practice”.
A “sick” project is one that has been delayed by more than 30% compared to its scheduled progress, or one whose sales and purchase agreement (SPA) has lapsed, according to the National Housing Department.
"Among the steps that need to be taken is to immediately reintroduce a strict standard operating procedure as a preparedness measure in addition to ensure that Malaysia becomes a destination of choice for foreign tourists to visit.
Moody’s expects the local economy to slow in 2023 given external demand for its manufactured goods has weakened, mainly due to the slowing Chinese economy KUALA LUMPUR (Dec 30): Economists expect more overnight policy rate (OPR) hikes to combat inflationary pressures in 2023, with CGS-CIMB expecting two more 25-basis-point increases to 3.
The proposal comes as the 10-year master lease agreement that commenced on Dec 31, 2012 is set to expire on Dec 30 this year.
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