News About high-end

News about high-end

Rehda Selangor in favour of lower foreign buyer threshold

Oct 31

PETALING JAYA (Oct 30): The Selangor branch of Real Estate and Housing Developers’ Association (Rehda) is in favour of the state reducing the threshold price for foreigners buying high-rise properties, and is currently in discussions with the state government, according to its chairman Zulkifly Garib.

JB’s high-rise residences vacancy rate expected to hit an unprecedented above 50% this year

Jan 16

KUALA LUMPUR (Jan 16): The vacancy rate of Johor Bahru’s high-rise residences is expected to hit above 50% for the first time in 2019, said CBRE | WTW Johor Bahru (pictured) director Tan Ka Leong.

‘Penang property market to improve in 2018’

Feb 06

PETALING JAYA (Feb 6): The Penang property market is expected to improve this year, despite it still being a buyers’ market, said the Malaysian Institute of Estate Agents (MIEA) Penang branch chairman Mark Saw.

Half of new high-end homes supply to come from city centre

Jan 24

KUALA LUMPUR (Jan 22): A further 6,176 units of high-end condominiums are expected to come onstream this year, with half of that amount from the city centre, said property consultancies Edmund Tie & Company (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd.

Johor’s new high-end high-rise homes may dip below their launched prices this year

Feb 01

PETALING JAYA (Feb 1): The high-rise residential market in Johor’s Iskandar Malaysia has softened in 2016 with lower transaction prices in the subsale market.

Knight Frank Malaysia: High-end condo market in KL remains lacklustre

Aug 17

PETALING JAYA (Aug 9): With lower volume and value of transactions recorded in the first half of 2016, the market outlook for high-end condominiums in Kuala Lumpur remains slow as buyers and investors continue to adopt a “wait-and-see” approach, said property consultancy firm Knight Frank Malaysia.

CEO: Tabung Haji will not sell off TRX land

Jul 26

KUALA LUMPUR (July 26): Tabung Haji has indicated it will not sell the Tun Razak Exchange (TRX) land that it purchased from 1Malaysia Development Bhd (1MDB), as the pilgrimage fund sees long-term value in the piece of land.

Investment opportunities abound as DIBS property owners seek exit

Apr 30

KUALA LUMPUR (April 30): Investors should keep an eye on the market as buyers of properties under the Developer Interest Bearing Scheme (DIBS) seek to unload their properties this year, said JLL Property Services (Malaysia) Sdn Bhd country head and managing director YY Lau (pictured).