News about ho

KUALA LUMPUR (Oct 3): PRG Holdings has disposed of a 12% stake in Hong Kong-listed Furniweb Holdings Ltd, representing 60.

KUALA LUMPUR (October 3): Savills Malaysia chairman Datuk Christopher Boyd said the thresholds for foreign property buyers should be removed in order to deal with the oversupply issue seen in the residential segment.

KUALA LUMPUR (October 3): Property developers are behaving more and more like local councils, Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah said, noting that this has given rise to the current form of townships that are not centralised and are dominated and led by private developers.

SERI KEMBANGAN (Oct 2): Developers, researchers and policy makers opined that to resolve the affordable housing availability problem, all stakeholders in the public and private sectors need to work together to offer multiple solutions.

SERI KEMBANGAN (Oct 2): While it is still unclear when the property market will recover from the current slowdown, there are still opportunities to seize in the market, according to industry experts.

KUALA LUMPUR (Oct 2): Seremban-based Matrix Concepts Holdings Bhd will proceed with plans to jointly develop an Islamic financial district in Pantai Indah Kapuk 2 (PIK 2), Jakarta, Indonesia with an Indonesian consortium comprising PT Bangun Kosambi Sukses (BKS) and PT Nikko Sekuritas Indonesia (NSI).

SERI KEMBANGAN (Oct 2): While the government is asking property developers to lower home prices following the Sales and Service Tax (SST) exemption on construction services and building materials, industry players said lower prices can be achieved if issues such as labour shortage and the lofty compliance and development costs are addressed.

Clean, affordable hotels in India can seem impossible to find in India.

JOHOR BAHRU (October 2): The Johor Real Estate and Housing Developers Association (Rehda) requests that the state government does away with the 15% discount for bumiputra properties worth RM1 mil and above, citing low take-up rates.

SERI KEMBANGAN (Oct 2): The Housing and Local Government Ministry (KPKT) is now working on a comprehensive database which could help first time homebuyers to own a property, said KPKT deputy minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad.