Cuscapi buys commercial space of Empire City for RM20m
KUALA LUMPUR (Oct 12): Cuscapi Bhd, which is currently operating from leased premises, is acquiring commercial space of Empire City in Damansara Perdana for RM20 million.
Federal govt committee to evaluate fair housing prices determined
KAJANG (Oct 11): National Property Information (Napic) director Badrul Hisham Awang said plans are being made to form a federal-level independent committee to evaluate fair selling prices for homes in Malaysia, a replication of the model used in Melaka currently.
UPDATE: Property market expected to improve around 2H108 or 1H2019, says Napic
KAJANG (Oct 11): The property market is expected to improve in either 2H2018 or 1H2019, riding on the improvement of household sentiment and business environment, said National Property Information (NAPIC) director Badrul Hisham Awang.
UPDATE: Number of built unsold home jumps almost 20% in 1H2018
KAJANG (Oct 11) : The slow market absorption of properties has led to the increase in residential overhang which totals 29,227 units worth RM17.
Economist expects a "lean and mean but supportive" Budget 2019
PETALING JAYA (Oct 10): SERC Sdn Bhd executive director Lee Heng Guie expects to see a “lean and mean but supportive” Budget 2019.
Rehda seeks more local govt support to reduce home prices
PETALING JAYA (Oct 10): The Real Estate and Housing Developers Association (Rehda) wishes to see more support from the local authorities to achieve the national goal of lowering down property prices.
Rehda urges states to adopt automatic release mechanism for bumi units
PETALING JAYA (Oct 10): The Real Estate and Housing Developers' Association (Rehda) has urged state governments to adopt an automatic release mechanism for properties allocated under bumiputera quotas to lower the high number of unsold units in the country.
Government mulls reducing compliance cost for affordable housing developments
PETALING JAYA (Oct 9): The government is mulling a reduction in compliance costs for affordable housing developments by saving developers the burden of undertaking the construction of certain utilities infrastructure.
Current housing policies must change, said Asli chairperson
KUALA LUMPUR (Oct 8): Asian Strategy & Leadership Institute (Asli) chairperson Tan Sri Jeffrey Cheah said there is a need to change existing legislation for the real estate industry as the laws have not kept up with the pace of nation’s economic and social landscape.
Daim blames Jho Low's evasion on govt moles
PETALING JAYA (Oct 8): Fugitive financier Low Taek Jho aka Jho Low has successfully evaded Malaysian authorities thanks to moles in the civil service and enforcement agencies tipping off members of the former Malaysian government, said former Council of Eminent Persons (CEP) chairperson Tun Daim Zainuddin.
