News about property

PETALING JAYA (March 11): Close to a third of 159 respondents to the Real Estate Housing Developers Association (Rehda) Property Industry Survey 2H2015 agree that the main issue with affordable housing is the increased overall cost of doing business.

KUALA LUMPUR (March 11): Patience and hard work are the secrets to surviving today’s soft property market, said Malaysia’s top property agents.

PETALING JAYA (March 11): Sunway Property is currently drawing up plans for its first high-rise residential development at its mixed-use development, Sunway Wellesley in Bukit Mertajam in Seberang Perai on the Penang mainland.

2015 was indeed a challenging year for the market due to several internal and external issues, such as the implementation of the Goods and Services Tax (GST), the weakened ringgit, political uncertainty, and property market cooling measures, resulting in poor consumer sentiment.

PETALING JAYA (March 9): The Goods and Services tax (GST) which was introduced in April last year has reduced demand for commercial properties in the market due to the additional 6% cost that buyers have to pay, said Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon.

PETALING JAYA (March 9): Almost 70% of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015 remained pessimistic on the property market for 1H2016.

AMID cautious market sentiment, house prices in Kota Kinabalu continued to increase in 4Q2015, but at a slower rate, says Rahim & Co Sabah branch manager Max Sylver Sintia (pictured, below).

ARA DAMANSARA (March 7): Sime Darby Property Bhd has launched the Sime Darby Property Mobile App, a new mobile application that will feature information on its projects -- such as prices, specifications, and layout –- as well as the latest property news, developments and activities, said the group in a press statement today.

ON a sunny Wednesday, at the small yet smart headquarters of boutique agency Property Hub Sdn Bhd in Mont’Kiara, Kuala Lumpur, a few of the agency’s well-dressed agents and negotiators are seen looking through stacks of organised files, while the rest are busy replying emails and answering phone calls at their respective cubicles.

•     Today, we look at price growth and indicative asking rental yields for non-landed residences in the district of Brickfields.