Developers undeterred by sales slowdown
KUALA LUMPUR (October 1): Property developers acknowledge that unbilled sales are on the decline but say the situation is not so bad and they are still able to record decent earnings.
KUALA LUMPUR (October 1): Property developers acknowledge that unbilled sales are on the decline but say the situation is not so bad and they are still able to record decent earnings.
KUALA LUMPUR (October 1): The fact that most property developers’ unbilled sales — sales which are already locked in but not yet captured in the books — have been declining does not seem to come as a surprise to many analysts given the lack of catalysts moving the property sector.
PETALING JAYA: Remember the blooming of the “Tan Hua” party scene in the Hollywood blockbuster Crazy Rich Asians? The “Tan Hua” in the movie looked real but the flower that blooms only once a year is certainly not something you can get from anywhere, hence the plants in the movie had to be handmade from scratch.
PETALING JAYA (Sept 29): Property investors should consider diversifying their portfolio into alternative assets such industrial properties, offices and shops, rather than concentrating all their investments in a single type of property, according Axis REIT Managers Bhd head of investment Siva Shanker.
PETALING JAYA (Sept 29): The only way developers can bring property prices down is by cutting their profit margins, said a property industry observer.
KUALA LUMPUR (Sept 29): My EG Services Bhd (MyEG) is acquiring a commercial space within the podium level below MyEG Tower at Empire City for RM35.
Property investment is definitely not a short term play.
PETALING JAYA (Sept 28): Housing and Local Government Minister Zuraida Kamaruddin said the National Housing Policy (NHP) 2.
PETALING JAYA (Sept 28): The Housing and Local Government Ministry (KPKT) is looking at absorbing properties – both on the primary and secondary markets – priced at below RM500,000 into its pool of one million affordable homes.
KUALA LUMPUR (Sept 28): Federal Commercial Crime Investigation Department (CCID) director Commissioner Datuk Seri Amar Singh Ishar Singh has denied allegation that police stole RM43.