Kerjaya Prospek to secure RM400m job from unit's Marriott project
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.
Introduction of new taxes could further impact property sector, says TA Securities
KUALA LUMPUR (Oct 15): Any introduction of new taxes — such as the inheritance tax and capital gain tax — could weigh on house buyers and investor sentiment, further impacting the property sector which has already been plagued by affordability and strict lending issues, according to TA Securities.
Unsold properties and the cooling market
Residential overhang numbers, or properties unsold after nine months post-completion, totals 29,227 units worth RM17.
KPKT optimistic on property market outlook
KUALA LUMPUR (Oct 12): Housing and Local Government Minister Zuraida Kamaruddin is upbeat about the prospects of the property market next year despite the less-than-rosy statistics from the first half of this year (1H2018) presented by the National Property Information Centre (Napic) yesterday.
Unsold completed homes at record high
KAJANG: The slow property market has led to the increase in residential overhang numbers which as of 1H2018 totals 29,227 units worth RM17.
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 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.
