Are some homebuyers in Malaysia paid to borrow and buy?
The number of properties going under the hammer in Malaysia has been on a worrying uptrend in recent years (see Table 1).
189 units of Elmina Green Four linked homes taken up within two days
PETALING JAYA (April 2): The Elmina Green Four development in the City of Elmina has seen all 189 units of the landed linked houses fully taken up during the weekend launch on March 26 and 27, 2021.
Sunway Belfield's first tower records 80% take-up rate
PETALING JAYA (April 1): Sunway Belfield, Sunway Property’s latest freehold residential development in Kuala Lumpur, has achieved an 80% take-up rate despite its soft launch during the movement control order (MCO) early this year.
Sunway 4Q net profit up slightly to RM193m, declares 1.5 sen dividend
KUALA LUMPUR (April 1) : Sunway Bhd’s net profit rose 5% to RM193.
Units of Dayana Nilai Impian phase one fully taken-up
PETALING JAYA (March 31): Sime Darby Property’s first launch of the year Dayana Nilai Impian in Negeri Sembilan has seen all 64 units of the double-storey terraced houses snapped up at its preview launch earlier this month.
Sime Darby sells 10.89% E&O stake for RM93.5 million cash
KUALA LUMPUR (March 27): Sime Darby Bhd said yesterday it has disposed of its last block of shares in Eastern & Oriental Bhd for RM93.
PRG sinks back into the red on impairment losses
KUALA LUMPUR (March 24): PRG Holdings Bhd, which is involved in the manufacturing of webbings, furniture components and the property sector, posted a net loss of RM28.
Trive Property auditor Jamal, Amin & Partners resigns following sanction by AOB
KUALA LUMPUR (March 23): Trive Property Group Bhd said its external auditor Jamal, Amin & Partners (JAP) had resigned following the Audit Oversight Board (AOB)’s sanction on the audit firm on March 17, 2021.
‘Big plans’ for Chin Hin Group Property
KUALA LUMPUR (March 20): Chin Hin Group Property Bhd (CHGP) has big plans.
Up for sale: Tunku Abdul Rahman’s former residence in Penang for RM62m
KUALA LUMPUR (March 12): The former home (pictured) of the country’s first prime minister Tunku Abdul Rahman Putra Al-Haj in Penang is up for sale at RM62 million, according to a listing on EdgeProp.
