AN undersupply of affordable housing, particularly in major urban areas, coupled with an oversupply of office and retail spaces, may lead to deeper imbalances in the property market, says Bank Negara Malaysia in its 2015 annual report, which was released recently.
KUALA LUMPUR (April 4): Dissatisfaction over expensive home prices has been escalating in Malaysia in recent years, with prices now reportedly beyond the reach of an average worker in key states like Kuala Lumpur and Penang.
WHEN Alfred Russell Wallace worked on his theory of evolution through natural selection following his explorations of the Malay Archipelago in a small hut not far from what is now Sarawak’s capital, Kuching, he noted how much of the state was unreachable due to its hilly terrain and dense forests.
THE Penang housing market will see houses on the secondary market and in new projects priced below RM450,000 hogging the limelight in the coming months, says Raine & Horne International Zaki + Partners director Michael Geh (pictured, below).
RUNDOWN factories and warehouses, small and large, have long been a common sight in Malaysia.
KUALA LUMPUR (April 2): Kota Kinabalu-based property developer Borneo Estate Development Sdn Bhd is planning a RM4.
PETALING JAYA (April 1): In light of high loan rejection rates experienced by many homebuyers recently, Huttons One World Sdn Bhd real estate group executive director Daniel Goh said it is likely because youths may be focusing too much on getting their dream home in the perfect location when they should be focusing on getting their house loans approved first.
PETALING JAYA (April 1): Sunway Hotels & Resorts, the hospitality arm of property-construction conglomerate Sunway Group, will invest RM875 million to facilitate the redevelopment and expansion of its hotels across Malaysia, Cambodia and Vietnam.
TROPICANA Corp Bhd has launched its property bidding campaign, where the lowest unique bid wins, starting from a floor price of RM538,888 (for a Tropicana Metropark condominium).
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