CMMT says planning Sungei Wang Plaza enhancement
KUALA LUMPUR (March 29): Capitaland Malaysia Mall Trust (CMMT) has budgeted some RM80 million to enhance four of its five shopping malls in Malaysia this year.
S P Setia hit with second tax bill in 4 months
KUALA LUMPUR (March 29): Property developer S P Setia Bhd has been hit with a tax bill for the second time in less than four months by the Inland Revenue Board (IRB), albeit at a smaller one of RM32.
Titijaya buys firm that owns Ampang land, plans RM1.5b mixed project
KUALA LUMPUR (March 28): Titijaya Land Bhd is buying shares of a loss-making privately-owned property company that owns a 27,550 sq m piece of land in Ampang here, for RM9.
Alert! PR1MA homes scam on social media
PETALING JAYA (March 28): Perbadanan PR1MA Malaysia (PR1MA) has reminded the public to beware of individuals offering to help secure PR1MA homes.
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”.
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.
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.
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.
Lacklustre start for GDB Holdings on ACE Market debut
KUALA LUMPUR (March 27): Construction services firm GDB Holdings Bhd made a lacklustre debut on the ACE Market of Bursa Malaysia this morning.
