Scientex's 3Q2021 net profit surges 57.8% to RM109.9m
PETALING JAYA (June 23): Packaging manufacturer and property developer Scientex Bhd’s net profit rose 57.
Lagenda Properties expands landbank with 500 acre purchase in Kuantan
PETALING JAYA (June 23): Lagenda Properties Bhd (via its wholly-owned subsidiary, LPB Development Sdn Bhd) has entered into a Sale and Purchase Agreement (SPA) with SST Development Sdn Bhd to acquire 500 acres of land in Kuantan, Pahang.
No cases in Malaysia so far of heart inflammation linked to Pfizer vaccine, says Dr Noor Hisham
KUALA LUMPUR (June 19): The Ministry of Health (MoH) said today it has not received any reports of heart inflammation from people who had been administered with Pfizer-BioNTech's Cormirnaty vaccine in Malaysia.
Report: Low interest rates ‘fuelling’ debt accumulation by households
KUALA LUMPUR (June 19): Historically low interest rates are “fuelling” debt in Malaysian households, “which have funnelled loans mainly to the purchase of residential properties and passenger cars”, The Edge Malaysia reported this week.
Seven top developers dominate 70% of local market share - PublicInvest Research
PETALING JAYA (June 18): With increasing consolidation in the property sector, the market is seeing the industry being dominated by a few players with landbank that carried an estimated gross development value (GDV) of close to RM100 billion, said Public Investment Bank Bhd (PublicInvest Research).
Knight Frank: Bullish sentiment prevails as Hong Kong buyers snap up new projects
HONG KONG: The Land Registry of Hong Kong has recorded a total of 7,325 transactions worth HK$71.
Discounts, rebates, freebies – do house buyers really gain from them?
It has been an “open secret” that housing developers “artificially” inflate property prices and then offer rebates to buyers to help offset the 10% down payment.
Maybank IB: Weaker 2Q property sales expected but sector on track to recover
PETALING JAYA (June 17): The one-month long full lockdown (FMCO) is expected to affect the property sales and developers’ earnings in the second quarter this year, but Maybank Investment Bank Research believed that property sales will be picking up again once movement restrictions are lifted .
Is the extension of HOC ‘privatising profits and socialising losses’?
The government on May 31, 2021 announced the RM40 billion PEMERKASA+ aid package, and one of the measures was extending the residential home stamp duty exemption scheme under the Home Ownership Campaign (HOC) for six months to Dec 31, 2021.
Banking on heritage
If the allure of the famed Baba Nyonya heritage is still alien to you, check out the Melaka branch of the OCBC Bank, especially on a Wednesday.
