SHH Resources buys Kajang land for RM10m for maiden property development venture
KUALA LUMPUR (April 18): Furniture maker SHH Resources Holdings Bhd is buying a piece of freehold residential land in Kajang, Selangor, measuring 2.
Revised guidelines on listed REITs seen positive for growth
Real estate investment trust sector Maintain neutral: The Securities Commission Malaysia (SC) has implemented the new revised guidelines on listed real estate investment trusts (REITs) effective on April 9, 2018.
Inta Bina bags RM97.8m job to build apartments
KUALA LUMPUR (April 17): Inta Bina Group Bhd has bagged a RM97.
Supply of new hotels on the rise in Malaysia
PETALING JAYA (April 17): Thirty new hotels were completed last year, adding a further 5,777 rooms to the sector in 2017, over 50% more than the 3,733 new rooms introduced in 2016, said the Valuation and Property Services Department’s (JPPH) “Malaysian Property Market Report 2017”.
Penang residential overhang more than doubles in 2017
PETALING JAYA (April 17): The residential overhang in Penang (pictured) more than doubled to 3,916 units worth RM3.
Recreational land in Cheras allegedly reclassified for development
PETALING JAYA (April 17): Some five acres of recreational land in Taman Cantik, Cheras, have allegedly been converted into development land just a day before Parliament was dissolved on April 7, reported The Malay Mail Online.
M Summit Group offers 50 units in Ramah Pavilion condo under RTO scheme
PETALING JAYA (April 17): M Summit Group has introduced the first rent-to-own (RTO) scheme in Penang for limited units of its condominium project in Teluk Kumbar, Penang island.
JPPH: Still a challenging retail market
KAJANG (April 17): The commercial property market has continued to decline in 2017, with 22,162 transactions worth RM25.
Unsold Property Enquiry System Malaysia launched
KAJANG (April 17): The Valuation and Property Services Department (JPPH) under the Ministry of Finance has launched the Unsold Property Enquiry System Malaysia (UPESM) to help homebuyers make more informed decisions.
ACME’s largest shareholder sells another 18% stake
KUALA LUMPUR (April 16): Supptech Holdings Sdn Bhd, the largest shareholder of Penang-based ACME Holdings Bhd, has continued to pare down its stake in the company with another off-market trade.
