News about property

PETALING JAYA: The property market is expected to remain resilient in the first half of 2019 followed by a gradual improvement in market activity, said Valuation and Property Services Department (JPPH) director Ahmad Zailan Azizuddin.

KUALA LUMPUR (Feb 15): Real estate players are of the opinion that the 1km stretch closure to vehicles along Jalan Tuanku Abdul Rahman (TAR) would raise shop tenancy rates and revitalise the historical shopping thoroughfare.

In the olden days, the Ang Pow or red packets were literally just that -- plain red envelopes that were used to wrap coins to be given to unmarried individuals or children by the elderly or married couples as a blessing during the Chinese New Year.

GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.

KUALA LUMPUR (Jan 29): The larger affordable homes under the National Affordable Housing Policy (NAHP) could further erode property developers' margins if no incentives or subsidies are given to private developers, according to CIMB Research.

  KUALA LUMPUR (Jan 29): The number of unsold homes in Malaysia has more than doubled, reaching a new high of 30,115 homes as at the third quarter of 2018 (3Q18).

PETALING JAYA: Having gone through an eventful 2018, this year will be a year of reckoning for Malaysia, says the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) president Michael Kong.

KUALA LUMPUR (Jan 25): KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCC) and KLCC Real Estate Investment Trust (KLCC REIT), announced a 47% year-on-year (y-o-y) drop in net profit to RM183.

PETALING JAYA (Jan 22): Overall  global real estate investment volume in 2018 were up 4% from 2017, achieving  the best annual performance in a decade, according to global real estate consultancy JLL’s  research, However, global investment volumes are expected to fall about  5% to 10% from the US$733 billion (RM3.

KUALA LUMPUR (Jan 17): Malaysia's construction and property sector is likely to see retrenchments in the first half of this year, said recruitment agency Randstad.