News about property

KUALA LUMPUR (Jan 24): IJM Corp Bhd is hopeful of achieving a new all-time-high total order book of RM10 billion by the end of the financial year ending March 31, 2018 (FY18).

The 11th Malaysian Property Summit, held at the Sime Darby Convention Centre on Jan 23, featured topics that covered residential, commercial, retail, and industrial properties as well as the northern and southern regions of Peninsular Malaysia.

KUALA LUMPUR (Jan 23): This year is a year of shifts and survival for the property industry as disruptions are making their way to the property market, which means that financing packages, marketing channels and designs will have to change, said KGV International Property Consultants Sdn Bhd executive director Samuel Tan.

KUALA LUMPUR (Jan 23): The Penang property market is expected to diverge further in 2018, according to real estate consultancy PPC International Sdn Bhd.

KUALA LUMPUR (Jan 23): Sime Darby Property Bhd which had just been listed two months ago on the main market of Bursa Malaysia will continue to focus on developing key townships mainly in Klang Valley.

KUALA LUMPUR (Jan 23): The e-commerce industry will accelerate the growth of the industrial property market as demand for logistics and distribution centres rises, prompting the development of smaller industrial facilities, said Rahim & Co International Sdn Bhd research director Sulaiman Akhmady Mohd Saheh.

KUALA LUMPUR (Jan 23): Although salary growth has kept pace with growth in property prices, basic salaries are still low compared with average property prices.

KUALA LUMPUR (Jan 23): Savills (Malaysia) Sdn Bhd deputy executive chairman Allan Soo expects the retail market to remain challenging in the short to mid term, mainly due to disruption of e-commerce industry.

KUALA LUMPUR (Jan 23): The office occupancy rate and average rental in Kuala Lumpur city centre, Kuala Lumpur fringe and Selangor are expected to continue their down trend in 2018, said Knight Frank Malaysia Sdn Bhd managing director Sarkunan Subramaniam.

KUALA LUMPUR (Jan 23): Perhaps it is high time for a paradigm shift where the absence of homeownership does not imply welfare deprivation, said managing director of CBRE|WTW Malaysia Foo Gee Jen.