News about property

PETALING JAYA (April 16): With the COVID-19 crisis and worries over an economic recession, housing price in Malaysia is expected to fall by between 10% to 15%, which is a deeper drop than in 1998 during the Asian Financial Crisis, according to NawawiTie Leung Property Consultants director and regional head of research and consulting Saleha Yusoff.

KUALA LUMPUR (April 16): Property prices are expected to decline by as much as 20% in the next few months with more motivated sellers, as the impact of Covid-19 continues to unfold.

PETALING JAYA (April 14): IOI Properties Group Berhad (IOIPG) has redesignated its Chief Executive Officer (CEO) Lee Yeow Seng as Executive Vice Chairman and appointed Dato’ Voon Tin Yow as CEO effective April 15, 2020.

PETALING JAYA (April 10): With more properties at below market prices expected to come up for sale amid the dampened property market brought on by the sluggish economy and Covid-19 outbreak, many property investors are preparing to seek good buys.

PETALING JAYA (April 10): The quality of a property's maintenance and management could play a decisive role in determining the property’s value in a buyer’s mind, says real estate agent co-founder of Kith and Kin Realty Freeman Woo.

PETALING JAYA (April 10): While many are expecting property prices to come down further in light of the uncertainties brought on mainly by the Covid-19 pandemic, Rescom Realty team leader and PEHAM (Persatuan Perunding Hartanah Muslim Malaysia) Exco member Mohd Faizal Mohd Ismail reckons that for first-time homebuyers, the best time to buy a property is "always now".

PETALING JAYA (April 10): Property buyers have strong bargain power now more than ever as more property owners may be wanting to let go of their units quickly in light of the current market environment.

PETALING JAYA (April 10): With the current Covid-19 pandemic and economic situation impacting the country and globally, is the real estate industry irrelevant and a total crash and gloom? Or are there property gems out there buyers can take advantage of? To discuss these issues, EdgeProp.

PETALING JAYA (April 10): Property owners becoming more realistic on pricing during tough times and willing to reduce their asking price, for buyers who are eyeing for investment properties, now it’s time to do so, said Propnex Malaysia COO & principal Evon Heng.

  On March 16, 2020, the Government announced a Movement Control Order (MCO) to begin from March 18 to March 31 and subsequently extended to April 14, pursuant to the Prevention and Control of Infectious Diseases Act, 1988.