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Auctioneers say property auctions have been online years before the Covid-19 outbreak but the pandemic has accelerated the process.

With the Covid-19 pandemic affecting the income source of many property owners, have more assets been placed under the hammer? For home-seekers and investors, is the auction market now offering value-worthy picks? A check with auction houses show that indeed, prices on the foreclosure market have slumped to as much as 30% to 40% below market value.

KUALA LUMPUR (Feb 4): The Ministry of Health today reported 10 new Covid-19 clusters, six of which were linked to workplaces and the other four involving the community.

PETALING JAYA (Feb 4): Property developer Tropicana Corp Bhd has promoted Lee Han Ming (pictured) as group CEO to join group managing director, Dion Tan in the senior leadership team.

KUALA LUMPUR (Feb 4): Malaysia's National Covid-19 Immunisation Programme will begin at the end of this month, to be rolled out in three phases up to February next year, Prime Minister Tan Sri Muhyiddin Yassin said today.

KUALA LUMPUR (Feb 4): The Government is in the process of amending the Workers' Minimum Standards of Housing and Amenities Act 1990 to improve workers' accommodation in Malaysia as the nation contends with the spread of the Covid-19 pandemic, Tan Sri Muhyiddin Yassin said today.

KUALA LUMPUR (Feb 4): Sime Darby Property Bhd’s foreign shareholding had risen to a five-month high of 9.

KUALA LUMPUR (Feb 4): The forfeiture action by the prosecution against Saudi national Tarek Obaid, PetroSaudi International Ltd (PSI), PetroSaudi Oil Services (Venezuela) Ltd (PSOSL), and two others over US$340 million in 1Malaysia Development Bhd (1MDB) funds is not settled yet, as parties will go for further case management.

KUALA LUMPUR (Feb 3): Chin Hin Group Property Bhd is eyeing to acquire a piece of land in Kuala Lumpur for RM85 million.

KUALA LUMPUR (Feb 3): Malaysia’s Covid-19 death toll rose past the 800-mark to 809, after 18 fatalities were reported today.