News about property

GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.

KUALA LUMPUR (Jan 29): The larger affordable homes under the National Affordable Housing Policy (NAHP) could further erode property developers' margins if no incentives or subsidies are given to private developers, according to CIMB Research.

  KUALA LUMPUR (Jan 29): The number of unsold homes in Malaysia has more than doubled, reaching a new high of 30,115 homes as at the third quarter of 2018 (3Q18).

PETALING JAYA: Having gone through an eventful 2018, this year will be a year of reckoning for Malaysia, says the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Michael Kong.

KUALA LUMPUR (Jan 25): KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCC) and KLCC Real Estate Investment Trust (KLCC REIT), announced a 47% year-on-year (y-o-y) drop in net profit to RM183.

PETALING JAYA (Jan 22): Overall  global real estate investment volume in 2018 were up 4% from 2017, achieving  the best annual performance in a decade, according to global real estate consultancy JLL’s  research, However, global investment volumes are expected to fall about  5% to 10% from the US$733 billion (RM3.

KUALA LUMPUR (Jan 17): Malaysia's construction and property sector is likely to see retrenchments in the first half of this year, said recruitment agency Randstad.

PETALING JAYA (Jan 12): The Malaysian-owned developer of a major rejuvenation project in London has donated £10,000 (RM52,622) to a fellow Malaysian who had suffered a stroke while on a trip there.

PETALING JAYA: The revised Real Property Gains Tax (RPGT) rates that took effect from Jan 1, 2019, may lead to quicker disposals upon the fifth year of holding period as there would be no motivation for longer term investment, said a tax expert.

Property sector Maintain neutral: Our analysis shows that the Medium 40% (M40) and Bottom 40% (B40) households face difficulty in buying properties as the average house price is above both groups’ affordability range.