News about housing

Matrix Concepts Holdings Bhd (Nov 18, RM2.

Petaling Jaya (Nov 16): Fresh graduates feel compelled to buy property quickly because they fear prices will soon outpace the growth of their income, said Khazanah Research Institute director of research Dr Suraya Ismail.

PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.

We used to hear regularly of people lining up a day or two before the launch of a new property development project, just to make sure they can grab one unit or two.

PETALING JAYA (Oct 26): Construction firm Bina Puri Holdings Bhd has received a letter of intent from PR1MA Corporation Malaysia (PR1MA) for the construction of 994 apartment units and 20 shops in Johor Bahru.

GEORGE TOWN (Oct 26): Penang, which was hoping for some good news for the housing sector, was disappointed when last week’s Budget 2016 made no mention of relaxing commercial bank loan requirements to make it easier for the people to purchase affordable homes.

We asked several property experts and agents on their views on the lack of changes or announcements on Real Property Gains Tax (RPGT) and Developers Interest Bearing Scheme (DIBS) for Budget2016.

KUALA LUMPUR (Oct 23): The median home value in Malaysia has hit the RM300,000 mark in the first half of 2015 (1H15), with Selangor, Penang, Sabah and Sarawak continuing to exceed the average price since 2004.

PETALING JAYA (October 21): Despite the slowdown in the property market, there are no fire sales on the secondary market because of the strong holding power of Malaysian buyers, said Stephen Yew, executive director of The One Property International Sdn Bhd.

KUALA LUMPUR (Oct 20): Hunza Properties Bhd is acquiring a 3.