News about property

PETALING JAYA (July 31): Over the next two years, analysts expect the prices of luxury units in Hong Kong to fall, in response to a new tax on empty properties, reported the South China Morning Post (SCMP).

KUALA LUMPUR: Boon Koon Group Bhd, which announced its foray into property development mid last year, is staying focused on its ambitions despite a perceived slowdown in the property market.

It is many people’s dream to own a home of their own and this has driven them to work diligently and save up their hard-earned money to one day make their dream come true.

KUALA LUMPUR (July 26): The neighbourhood shopping mall which situated at the Quarza@Melawati integrated development in KL East will open its doors to the public by the end of next year, according to Sime Darby Property (Integrated) COO Quek Cham Hong.

KUALA LUMPUR (July 26): Melawati Mall, which is jointly developed by CapitaLand and Sime Darby Property Bhd, targets an occupancy rate of 90% for the one-year old mall by the end of this year.

PETALING JAYA (July 25): While the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Foo Gee Jen believed the drafting a commercial development act and streamlining housing data by introducing a data input system are laudable, his concerns lie in their enforcement and execution.

PETALING JAYA (July 25): The Ministry of Housing and Local Government (KPKT) is working with the National Property Information Centre (Napic) to streamline their housing data by introducing a data input system for developers at the beginning of next year, said its national housing department director-general Jayaselan Navaratnam “[The progress of streamlining the data] is still in the initial stage because we have come to an agreement first.

KUALA LUMPUR (July 25): The Ministry of Housing and Local Government (KPKT) national housing department director-general Jayaselan Navaratnam said the ministry is planning to draft a commercial development act as it realises the need to standardise the particular segment.

KUALA LUMPUR (July 25): The Ministry of Housing and Local Government (KPKT) has identified six agencies that will be involved in the establishment of a single entity to oversee and coordinate affordable housing development in the country, said the ministry’s national housing department director-general Jayaselan Navaratnam.

KUALA LUMPUR (July 24): The Malaysian government needs to be ready for the nation's property bubble to burst and the risk that this could lead to an economic crisis, following spectacular growth in the high-end property segment, according to the Institute for Democracy and Economic Affairs (Ideas).