Property sales dipped further in first half of 2016
Market performance remained sluggish in the first half of this year as property transaction numbers in the country continued their downward trend.
S P Setia opens new extension to Setia City Convention Centre
SHAH ALAM (Nov 1): S P Setia Bhd has opened its newly completed 11,800 sq m Setia City Convention Hall 1&2 at Setia City Convention Centre in Setia Alam, Shah Alam to cater to a growing demand for meetings, incentives, conventions and exhibitions (MICE) activities.
Mitrajaya Holdings bags contract worth RM74.31m from MRCB Builders
KUALA LUMPUR (Nov 1): Mitrajaya Holdings Bhd has bagged a contract worth RM74.
Build 30% affordable housing instead of low cost, property expert urges government
KUALA LUMPUR (Nov 1): A property investment consultant has suggested that the government consider imposing a 30% affordable housing quota in every residential development project instead of low-cost housing, Bernama reported today.
Housing ministry working to standardise land costs, low-cost quotas between states
KUALA LUMPUR (Nov 1): The Ministry of Urban Wellbeing, Housing and Local Government said it is working on a paper to be submitted to the National Housing Department (JPN) for the standardisation of land costs and the quota for low-cost housing, which differs between the different states in the country.
Is Starhill Global REIT still as bright?
SINGAPORE (Nov 1): DBS Vickers Securities is maintaining its “buy” call on Starhill Global REIT (SGREIT) with an unchanged target price of 87 Singaporean cents, while CIMB Securities is reiterating its “hold” call on the REIT, lowering its target price from 86 cents previously to 81 cents.
Here’s where to find shelter amid property gloom in Singapore
SINGAPORE (Nov 1): The slowdown continues for Singapore’s property developers and real estate investment trusts (REITs), according to 3Q16 data by the Urban Redevelopment Authority (URA).
KL office occupancy rates may fall further
KUALA LUMPUR (Nov 1): The occupancy rate of offices in Kuala Lumpur city has fallen to 83% from nearly 90% in 2H2015.
Number of overhang and unsold homes may come down in the next few months
KUALA LUMPUR (Nov 1): Overhang and unsold housing units may see a gradual decline over the next few months on the back of decreasing new launches in the market, said National Property Information Centre (Napic) property market sector deputy director Aina Edayu Ahmad (pictured).
Ekovest rises 2.28% on getting development order
KUALA LUMPUR (Nov 1): Shares of Ekovest Bhd rose 2.
