News about properties

I must applaud the Malaysian government’s responsiveness in trying to manage the perceived property bubble, with specific focus on the residential luxury market.

KUALA LUMPUR (Nov 20): Sime Darby Property Bhd, which would be listed on Nov 30, said it will evaluate the effects of newly-announced federal government freeze on luxury properties, on its joint-venture projects.

KUALA LUMPUR (Nov 20): IOI Properties Group Bhd’s net profit jumped 28.

PETALING JAYA (Nov 20): There is still a lot of ambiguity in the new ruling to freeze approvals for four types of developments in Kuala Lumpur, said Zerin Properties CEO Previndran Singhe.

KUALA LUMPUR (Nov 16): Shares in Amcorp Properties Bhd rose 5.

KUALA LUMPUR (Nov 16): Amcorp Properties Bhd saw net profit grow nearly 15 times to RM26.

The grande dame of Malaysian roads — Old Klang Road or Jalan Klang Lama — has maintained its vitality, not just as an arterial road in Kuala Lumpur city but also as a property hotspot.

KUALA LUMPUR (Nov 10): Tabung Haji Properties Sdn Bhd (THP) has denied an allegation by a blogger that it had a role in laundering money owned by Saudi Prince Al-Waleed bin Talal.

KUALA LUMPUR (Oct 31): Ivory Properties Group Bhd is planning to buy a plot of commercial land in Sitiawan, Perak, for RM133.

Property sector Maintain positive stance on the property sector: In the Budget 2018 announcement last Friday, the government announced that the “step-up” end financing scheme will be extended to private property developers to encourage more affordable property projects.