I-Bhd 3Q net profit down 21% on lower property segment contribution

Nov 07

KUALA LUMPUR (Nov 7): I-Bhd has posted a 21% drop in net profit to RM5.

Another 30,000 Rumah Selangorku homes to be built from 2018 to 2023

Oct 23

SHAH ALAM (Oct 23): The Selangor state government aims to launch 30,000 units of affordable homes under its Rumah Selangorku housing scheme over the next five years, said Selangor Menteri Besar Amirudin Shari.

Kerjaya Prospek to secure RM400m job from unit's Marriott project

Oct 16

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.

‘Scrap foreign home ownership thresholds to curb oversupply’

Oct 03

KUALA LUMPUR (October 3): Savills Malaysia chairman Datuk Christopher Boyd said the thresholds for foreign property buyers should be removed in order to deal with the oversupply issue seen in the residential segment.

Do not let developers take control, deputy minister tells councils

Oct 03

KUALA LUMPUR (October 3): Property developers are behaving more and more like local councils, Deputy Housing and Local Government Minister Datuk Raja Kamarul Bahrin Shah said, noting that this has given rise to the current form of townships that are not centralised and are dominated and led by private developers.

Cloudy outlook ahead but opportunities are still out there

Oct 02

SERI KEMBANGAN (Oct 2): While it is still unclear when the property market will recover from the current slowdown, there are still opportunities to seize in the market, according to industry experts.

Home prices can come down if certain issues addressed, say developers

Oct 02

SERI KEMBANGAN (Oct 2): While the government is asking property developers to lower home prices following the Sales and Service Tax (SST) exemption on construction services and building materials, industry players said lower prices can be achieved if issues such as labour shortage and the lofty compliance and development costs are addressed.

KPKT to introduce comprehensive database by next year, says deputy minister

Oct 02

SERI KEMBANGAN (Oct 2): The Housing and Local Government Ministry (KPKT) is now working on a comprehensive database which could help first time homebuyers to own a property, said KPKT deputy minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad.