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It said both parties have mutually agreed to terminate the contract, resulting in an unconditional release and indefinite discharge of all claims, liens, and obligations related to the project works.

PEPS president Subramaniam Arumugam: Micromanaging the real estate sector in this sector in this manner, particularly through a government bureaucracy, may not align with investor-friendly policies.

Knight Frank Malaysia senior executive director of research and consultancy Judy Ong: Despite the inflationary pressures and elevated OPR (overnight policy rate), the residential property market appears to be moving in a positive direction, marked by increased sales volume, new property launches and successful completions.

DONE DEAL: Factory, Kuala Langat, Selangor DONE DEAL: Terrace house, Jalan Klang Lama, Kuala Lumpur Nestled about five kilometres west of Kuala Lumpur's bustling city centre, Bukit Damansara or Damansara Heights stands as an upscale suburb in Malaysia.

The scheme will be available until end-January next year, and will be open to all of IJM Land’s GreenRE-certified residential developments.

Next month, the ministry will meet the Real Estate and Housing Developers’ Association (Rehda) Institute to discuss what incentives the government should provide to developers to encourage them to practise the build-then-sell concept, Local Government Development Minister Nga Kor Ming said in his welcome speech at the opening ceremony of the Malaysia Property Expo (MAPEX) 2023 at the Mid Valley Exhibition Centre on Friday.

“Almost 58% of the overhang was condominiums and apartments.

Singapore registers as the top-performing market with 8% YOY growth.

The demand for warehouse space remains high, with manufacturers being the main drivers as they expand their logistics space.

Earnings per share fell to 2.