Malaysia’s northern and southern regions remain attractive amidst challenging market
THE NORTHERN and southern regions were the more popular property investment hotspots in the country a few years ago.
Over a third of survey participants believe property prices will go down in next 12 months
PETALING JAYA (July 22): About 36.
Cost of Penang Transport Master Plan to balloon to RM46b, says project delivery partner
GEORGE TOWN (July 22): The Gamuda Bhd-led SRS Consortium confirmed that the initial cost of RM27 billion for the Penang Transport Master Plan (PTMP) has ballooned to an estimated RM46 billion, after additional components were added by Seberang Perai Municipal Council (MPSP).
Gadang’s 4Q net profit climbs 20%
KUALA LUMPUR (July 22): Gadang Holdings Bhd’s net profit climbed 20% to RM30.
UOA REIT’s 2Q distributable income flat
KUALA LUMPUR (July 21): UOA Real Estate Investment Trust (REIT) said its total income available for distribution slipped 3.
Time for property investors to reassess their holdings
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.
Strata Management Tribunal receives 1,192 cases to date this year
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.
Property market still slow and outlook seems uncertain
THE CURRENT slowdown in the property market doesn’t look like it will pick up anytime soon.
Lower OPR expected to have positive impact on existing borrowers, property sector
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.
Bank Negara cuts OPR by 25bps for the first time since 2009
KUALA LUMPUR (July 13): Bank Negara Malaysia (BNM) has cut its key interest rate to 3% from 3.
