News about property

  KUALA LUMPUR (April 11): Vizione Holdings Bhd is buying the entire stake in a property developer company that is jointly developing a block of serviced apartments called 'The 216 Residences' which carry an estimated gross development value of RM111.

So you’re selling your property.

KUALA LUMPUR (April 5): Boustead Holdings Bhd has appointed former Sime Darby Property Bhd CEO Datuk Seri Amrin Awaluddin (pictured) as its new managing director, confirming a report in The Edge Financial Daily yesterday.

KUALA LUMPUR (April 4): Datuk Seri Amrin Awaluddin (pictured) will step down as group managing director of Sime Darby Property Bhd on May 3, with Township Development chief operating officer Datuk Wan Hashimi Albakri Ahmad Amin Jaffri to be appointed as acting group CEO.

  KUALA LUMPUR (April 4): Datuk Seri Amrin Awaluddin, the current chief executive officer (CEO) of Sime Darby Property Bhd, is going to fill the group managing director’s (MD) position at Boustead Holdings Bhd, according to sources.

  PETALING JAYA (April 2): The healthcare and institutional property sub-sector in 2019 is expected to continue its relatively good performance last year, supported by growing demand and fundamentals, according to Knight Frank Malaysia.

PETALING JAYA (April 2): A Knight Frank Malaysia survey has found that the logistics or industrial sub-sector is the top favourite commercial property segment that is expected to perform well this year in the Klang Valley and Johor while the hotel or leisure segment will continue to be favoured in Penang and Sabah.

  PETALING JAYA (March 28): The Malaysian Institute of Estate Agents (MIEA) wants the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP) and the Ministry of Finance to take action against those who are circumventing the law by carrying out real estate practices illegally through property technology (proptech).

PETALING JAYA (March 27): Continuing soft market conditions and affordability issues in the country may see the level of unsold housing units rise further in the short term, however, sharp declines in house prices are unlikely, said Bank Negara Malaysia (BNM) in its Financial Stability and Payment Systems Report 2018.

  KUALA LUMPUR (March 27): The land-scarce island of Penang has seen the issue of Multinational Corporations that have been forced to house their foreign workers within exclusive gated and guarded communities, raising the ire of locals in the neighbourhoods.