New housing policy set to address overhang issue
Property sector Maintain market weight: The new housing policy is set to address house ownership issues whereby the government is expected to ease lending requirements and reduce cost of construction.
Kerjaya Prospek to secure RM400m job from unit's Marriott project
KUALA LUMPUR (Oct 16): Kerjaya Prospek Group Bhd said today its order book will be boosted by some RM400 million by year-end, contributed by its private arm’s planned RM1.
‘Any sale of government assets will not involve PNB’
KUALA LUMPUR (Oct 16): Tony Pua, the political secretary to the finance minister, said any sale of Malaysian government assets will not involve Permodalan Nasional Bhd (PNB) because funds and investments of PNB belong to the company’s unitholders and not the government.
HBA tells Rehda to redefine affordable housing – report
PETALING JAYA (Oct 15): The National House Buyers Association (HBA) has called upon the Real Estate and Housing Developers Association (Rehda) to redefine its “outright unrealistic” definition of affordable housing, according to a New Straits Times report.
Introduction of new taxes could further impact property sector, says TA Securities
KUALA LUMPUR (Oct 15): Any introduction of new taxes — such as the inheritance tax and capital gain tax — could weigh on house buyers and investor sentiment, further impacting the property sector which has already been plagued by affordability and strict lending issues, according to TA Securities.
Equanimity's sales agent says superyacht is in good condition and well cared for
KUALA LUMPUR (Oct 15): Burgess, the world's No 1 superyacht brokerage house appointed as central agent to sell Jho Low's superyacht Equanimity (pictured), said the yacht is in good condition and taken care of by a professional crew.
Unsold properties and the cooling market
Residential overhang numbers, or properties unsold after nine months post-completion, totals 29,227 units worth RM17.
KPKT optimistic on property market outlook
KUALA LUMPUR (Oct 12): Housing and Local Government Minister Zuraida Kamaruddin is upbeat about the prospects of the property market next year despite the less-than-rosy statistics from the first half of this year (1H2018) presented by the National Property Information Centre (Napic) yesterday.
Unsold completed homes at record high
KAJANG: The slow property market has led to the increase in residential overhang numbers which as of 1H2018 totals 29,227 units worth RM17.
Forget about 2018, developers more optimistic about 2019
PETALING JAYA (Oct 12): Property developers are more optimistic about the Malaysia property market outlook in the coming year than the current second half of 2018.
