The worst is over in second-tier areas, says Rehda Kedah and Perlis chairman
KUALA LUMPUR (Oct 26): The Real Estate and Housing Developers' Association Malaysia (Rehda)’s Kedah and Perlis chairman Datuk Rick Cheng Wooi Seong believes “the worst is over” for the property market in second-tier areas in Malaysia.
‘Developers are not making obscene profits’
PETALING JAYA (Oct 24): Contrary to popular belief, property developers in Malaysia are not making huge profits, said Real Estate and Housing Developers' Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon (pictured).
Country Garden @ Danga Bay targets full take-up by end-2017
JOHOR BAHRU: Country Garden Holdings Co Ltd (Country Garden) is looking to sell all the remaining 2,000 high-rise residential units at its Country Garden @ Danga Bay development in Johor by end-2017, said its sales executive Lee Yi Shen.
Stamp duty increase will dampen property market further, say real estate consultants
KUALA LUMPUR (Oct 21): Real estate consultants are worried that the increase in stamp duty for real estate transactions priced above RM1 million from 3% to 4% starting January 2018 will have a negative impact on the property market.
EDL sale will give MRCB ‘sound footing, financially’
KUALA LUMPUR (Oct 18): Malaysian Resources Corp Bhd (MRCB) will use the proceeds from the disposal of its stake in MRCB Lingkaran Selatan Sdn Bhd, the concession holder of the Eastern Dispersal Link (EDL) Expressway in Johor, to settle debts and fund future property developments.
PJ Development selling three hotels
PJ Development Holdings Bhd (PJD), which is in the process of being taken private by Tan Sri Ong Leong Huat’s flagship OSK Holdings Bhd, is looking to divest three of its hotels — one each in Pahang, Johor and Kedah — for an estimated RM200 million.
Passion for grooming others to be professional agents and negotiators
HAVING assisted his father Lim Ah Leck who was also a real estate agent and the founder of Tiram Realty since he was a teenager, Lim Boon Ping had followed in his father’s footsteps to make real estate his career more than 20 years ago.
