News about property

PETALING JAYA (Oct 5): Forest City in Johor will not suffer from low occupancy in the long term, owing to the incoming high-speed rail and the job opportunities being created within the region, said Country Garden Pacificview Sdn Bhd president and chief strategy officer Dr Yu Runze.

MELBOURNE (Oct 5): Melbourne Square, a joint-venture development between OSK Property Holdings Bhd and the Employees Provident Fund (EPF) Malaysia, will begin its groundwork in November this year and the first phase is slated to complete by end-2020.

PETALING JAYA (Oct 5): There must be a collaboration between the public and private sector to drive Industrialised Building System (IBS) usage, said Asian Strategy & Leadership Institute (ASLI) chairman Tan Sri Dr Jeffrey Cheah in response to the government urging property developers to adopt the technology.

PETALING JAYA (Oct 5): Housing prices will definitely not go down as elements of property development such as land cost and development charges keep increasing, said a group of panellists.

KUALA LUMPUR (Oct 5): Sime Darby Bhd’s plantation and property arms have received the Securities Commission Malaysia's (SC) approval for the classification of their shares as syariah-compliant securities.

KUALA LUMPUR (Oct 4): Property developer LBS Bina Group Bhd has outlined six proposals for the upcoming Budget 2018, which it believes will benefit, in particular, first-time homebuyers, the property industry as well as the entire Malaysian economy.

KUALA LUMPUR (Oct 2): Sime Darby Bhd said it has novated its rights and obligations under its Islamic debt papers programmes to its property development arm, Sime Darby Property Bhd.

Sime Darby Bhd (Sept 29, RM9.

PETALING JAYA (Sept 30): Coming up at the junction of Power Street and Kavanagh Street in Southbank is Melbourne Square, touted by its developer OSK Property Bhd as the largest mixed-use  development approved in the greater CBD of Melbourne thus far.

Housing estates in Selangor faced some price corrections last year, with transacted prices of landed homes in as many as 30 housing areas seeing more than 5% dip y-o-y, according to data from the National Property Information Centre’s (Napic) Property Market Report 2016.