News about property

THE local property market has seen frenzied buying in recent years as real estate is considered by many to be the perfect investment in the face of rising inflation.

           KUALA LUMPUR (July 19): Some 1,192 cases have been filed at the Strata Management Tribunal (SMT) to date since the beginning of the year.

THE CURRENT slowdown in the property market doesn’t look like it will pick up anytime soon.

PETALING JAYA (July 14): Bank Negara Malaysia’s (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 3% is expected to have a positive impact on borrowers and the property sector, said property developers and mortgage firms.

KUALA LUMPUR (July 13): Bank Negara Malaysia (BNM) has cut its key interest rate to 3% from 3.

KUALA LUMPUR (July 13): The property glut monster in China has now reached Zhejiang province.

KUALA Lumpur’s Melawati area has been a property hot spot for the last decade, with prices soaring and new developments from major developers such as Sime Darby Property Bhd, Sunway Bhd and Nadayu Properties Bhd.

PROPERTY agents and negotiators should never broker a deal without a method, says IM Global Property Consultants Sdn Bhd founder, managing director and CEO Ishak Ismail.

KUALA LUMPUR (July 4): Loss-making timber and timber products maker NWP Holdings Bhd is looking for opportunities in the construction sector for additional sources of income that may return the company to profitability.

KUALA LUMPUR (July 3) Chinese metaphysics consultant Datuk Joey Yap expects the property sector to continue to be slow as the market belongs to “earth” element industry, which should be weak in the Year of the Fire Monkey.