News about property

KUALA LUMPUR (April 23): Malaysian Rating Corp Bhd (MARC) has downgraded its outlook on IJM Corp Bhd’s RM1 billion commercial paper/medium-term notes programme (CP/MTN), while affirming the ratings of MARC-1/AA- on the programme.

KUALA LUMPUR: Selangor’s property market saw the value of its transactions rise by 2% to RM47.

KUALA LUMPUR (April 20): MIDF Research has maintained its “Neutral” rating on the property sector and said that it expects demand for property to remain slow in 2015.

KUALA LUMPUR (April 17): OSK Property Holdings Bhd group managing director and CEO Tan Sri Ong Leong Huat conceded that the group had held back some launches last year amid a slower property market as the company waited for better timing to unveil its products.

KUALA LUMPUR (April 16): Eco World Development Group Bhd confirmed it has received a letter of award (LOA) from the Penang Development Corp (PDC) for the development of the proposed Eco Marina Development.

KUALA LUMPUR (April 15): The Employees Provident Fund (EPF) is disposing of its One Sheldon Square at Paddington Central in London’s West End — its first property disposal in the United Kingdom — to London-listed British Land Co plc for £210 million (RM1.

KUALA LUMPUR (April 14): In a note today, Maybank IB Research said property transactions in Johor had plummeted 33% q-o-q in 4Q14, underperforming the country (-7%) and other major cities/states such as Kuala Lumpur (-12%), Selangor (+2%) and Penang (+8%).

KUALA LUMPUR (April 10): For the third time, Sime Darby Property Bhd launched its Sime Darby Property Lifestyle Collection campaign, which offers packages for residential and commercial property.

KUALA LUMPUR (April 4): Landscaping can increase overall property value by 20% to 28%, said Gamuda Land Sdn Bhd’s manager of architecture and product development Khariza Abdul Khalid, during her talk at the Malaysia Property Expo Klang Valley 2015 (Mapex-Klang Valley 2015) today.

KUALA LUMPUR (March 30): When the Goods and Services Tax (GST) comes into force on April 1, the property market will be split into taxable and non-taxable properties.