News about property

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.

KUALA LUMPUR (March 2): Sime Darby Property Bhd, the property arm of Sime Darby Bhd, announced its collaboration with Tan Sri Halim Saad’s KYS Education Group to establish the KYS International School within the KL East development here.

•     Today, we continue our focus on Brickfields by looking at average prices on a per square foot (psf) basis.

  PETALING JAYA (Feb 29): Best Buy Property, which will kick off this Thursday, is targeted to attract 8,000 visitors and expected to reach sales of RM18 million, according to the organiser of the exhibition.

•    Since its inception in the early 2000s, KL Sentral has transformed the once sleepy Brickfields area into a veritable cosmopolitan hub.