News about residential

SEOUL (Aug 4): South Korea will supply more than 132,000 new homes in Seoul through 2028 by easing building height limits and converting military sites and other state-owned properties into residential areas, according to a report by Reuters today.

KUALA LUMPUR (Aug 2): The Residential Tenancy Act (RTA) is still being drafted and is expected to be ready by the end of the year, Housing and Local Government Minister Zuraida Kamaruddin (pictured) said recently.

In newly-launched high-rise residential projects, units on higher floors are usually tagged at a higher price than those on the lower levels.

PETALING JAYA (June 30): OCR Group Bhd posted a revenue of RM28 million for its first quarter ended March 31, 2020 (1QFY20), up 28.

PETALING JAYA (May 1): The absorption of commercial-titled residences, mainly serviced apartments and SoHos, is posing a challenge to the market as seen from the significant increase in the number of overhang units of this property type in 2019.

PETALING JAYA (April 30): The cautious approach by developers to hold back new residential launches to focus on clearing unsold stock has resulted in improved sales at 40.

PETALING JAYA (April 30): Aggressive marketing campaigns by property developers coupled with the government’s measures lifted homebuying sentiments among Malaysians last year, resulting in increases in the amount of total loan applications and total loan approvals for the purchase of residential property by 8.

PETALING JAYA (April 29): The residential property overhang and unsold residential property situation in the country improved last year (2019).

KUALA LUMPUR (April 21): The Selayang wholesale market (aka Kuala Lumpur wholesale market) has been closed to prepare for Covid-19 screenings of market traders and workers, the Malay Mail reported today.

PETALING JAYA (April 20): A “nationwide study” conducted by real estate sales and media company Juwai IQI revealed that “residential property prices are expected to surge in 2021” post the Covid-19 outbreak, reported Free Malaysia Today (FMT).