Toppen Shopping Centre to open next to IKEA Tebrau in 3Q19
JOHOR BAHRU (March 29): Swedish furniture maker IKEA has announced the development of the 1.
YTL REIT seen to deliver EPU growth
YTL Hospitality Real Estate Investment Trust (March 28, RM1.
Rejection rate of housing loan applications drops below average, says Bank Negara
PETALING JAYA (March 28): The rejection rate of housing applications has declined to below the average rate of about a quarter of all cases, said Bank Negara Malaysia (BNM) in its “Financial Stability and Payment Systems Report 2017”.
Investments into the retail sector to continue in 2018
PETALING JAYA (March 28): A Knight Frank Malaysia survey showed that the retail sector is still the top commercial real estate investment this year among key players in the industry despite an oversupply of retail space in the country.
Stakeholders must collaborate to reduce severe imbalances in the retail, office segments
PETALING JAYA (March 28): The authorities, property developers, owners, and other stakeholders in the real estate sector are urged to come up with specific measures to reduce the severe imbalances in the office and shopping complex segments that threaten the rest of the economy, according to the “Financial Stability and Payment Systems Report 2017” published by Bank Negara Malaysia (BNM) today.
Housing loans make up half of household debt, reflects affordability issues
PETALING JAYA (March 28): Loans for the purchase of residential properties remain the largest component of household debt, representing 52% of total household loans, according to Bank Negara Malaysia’s (BNM) “Financial Stability and Payment Systems Report 2017” released today.
GDB makes positive market debut
KUALA LUMPUR (March 28): Shares in GDB Holdings Bhd made a positive debut on the ACE Market of Bursa Malaysia yesterday, opening one sen or 2.
IOI Properties chairman raises stake as shares hit all-time low
KUALA LUMPUR (March 28): Tan Sri Lee Shin Cheng (pictured), the founder of IOI Group Bhd, has been mopping up shares in the group’s property arm on the open market, even as the stock hit an all-time low on Monday.
Works Ministry to get local authorities to make IBS mandatory
KUALA LUMPUR (March 27): The Ministry of Works said it wants to get local authorities around Malaysia to impose a mandatory ruling for new developments to comply with the requirements for industrialised building system (IBS).
Rise in average accommodation prices in Malaysia
PETALING JAYA (March 27): Average accommodation prices paid in six prominent travel destinations in Malaysia have increased by 4% to 19% y-o-y in 2017, in line with a global uptrend last year.
