News About residential
PETALING JAYA (Feb 20): Price growth in key Asian cities have fallen on regulatory changes and cooling measures, according to international property consultancy Knight Frank’s The Global Residential Cities Index for 3Q17.
KUALA LUMPUR (Jan 24): Crest Builder Holdings Bhd’s share price rose as much as 3% this morning, following announcement of its receipt of a RM328.8 million contract to build two apartment blocks in Desa Parkcity.
PETALING JAYA (Dec 18): Paris tops the list of cities with most growth potential, with a projected 9% price growth following years of slow capital appreciation as it benefits from the Eurozone’s improved economic outlook, said global property consultancy Knight Frank.
PETALING JAYA (Nov 20): There is still a lot of ambiguity in the new ruling to freeze approvals for four types of developments in Kuala Lumpur, said Zerin Properties CEO Previndran Singhe.
PETALING JAYA (Oct 27): It will be more appropriate if the government granted the 50% tax exemption to tenants as they are the party in need of assistance, instead of rewarding landlords with the Budget 2018 measure to halve tax on rental income, said the Property Management, Valuation and Estate Agency Surveying (PMVS) Division of the Royal Institution Of Surveyors Malaysia (RISM) in a statement today.
PETALING JAYA (Oct 27): Residential property loans made up a larger proportion of household debt – which rose by 5.1% to RM1.12 trillion as at end-July 2017 – expanding by 8.8%, according to the “Economic Report 2017/2018”.
PETALING JAYA (Oct 27): The non-residential property subsector grew by 4.9% to RM6.4 billion in the first half of 2017 (1H17), according to the “Economic Report 2017/2018”.
PETALING JAYA (Oct 27): The residential overhang rose by 55.4% to 20,876 units valued at RM12.3 billion in the first half of 2017 (1H17), up from 13,438 units worth RM7.6 billion in 1H2016, according to the “Economic Report 2017/2018”.
PETALING JAYA (Oct 27): The take-up rate for residential property units rose 23.9% with 6,775 units in the first half of 2017 (1H2017) from 1H2016 due to continued access to housing loans, especially for first-time homebuyers, according to the “Economic Report 2016/2017”.