News about property

The construction segment’s profit before tax (PBT) surged more than seven-fold to RM8.

DONE DEAL: Serviced residence, Residensi Damansara Glomac, Kuala Lumpur DONE DEAL: Bungalow, Kajang, Selangor Situated in the affluent neighbourhood of Damansara Heights, Kuala Lumpur, the bungalow is surrounded by an array of conveniences.

The rating of the sukuk programme of AA +IS has been affirmed by MARC Ratings Bhd with a stable outlook, the group said.

According to RHB Investment Bank (RHB IB), which has received insights from real estate agency Knight Frank Malaysia, a lot of infrastructure projects, property developments, facility expansions and investments are “brewing” in Iskandar Malaysia, which is formed by major cities in Johor.

Rental growth expected to ease for remainder of the year as occupiers adopt cautious approach KUALA LUMPUR (Aug 21): Prime logistics rent in 17 key cities across Asia-Pacific showed an average rise of 10.

Having emerged from the pandemic a year ago with everything continuing to normalise and getting better, and with elections out of the way, developers are optimistic about the next year.

Datuk NK Tong: Just as developers have cross-subsidised affordable housing, perhaps financial institutions can be encouraged to look at cross subsidies to help finance affordable housing or set up a special fund or quota to give home loans to borrowers in lower income categories (B40 group).

While developers are currently maintaining a neutral view on the business, economic and property industry outlook for the coming year, there is increased optimism anticipated for 1H2024.

For the longest time, purchasing a house or commercial property is seen as a major milestone, a symbol of independence and a pathway to building wealth.

"The group has expressed interest in exploring global assets to add to its portfolio, but would prioritise improving the efficiency of its local operations first.