IOI Properties posts higher earnings excluding previous FV gain
KUALA LUMPUR: IOI Properties Group Bhd posted a net profit of RM273.
IGB Corp 4Q net profit down 14% to RM43.99 mil
KUALA LUMPUR (Feb 21): IGB Corp Bhd reported a 14.
Asian millennials continue to seek financial security in real estate
KUALA LUMPUR (Feb 21): Some 45% of millennials continue to purchase properties across Asia to generate rental income for their retirement, according to the “Manulife Investor Sentiment Index” report.
PR1MA’s new measures to aid home ownership
IT is only the second month into 2017, but Perbadanan PR1MA has already announced policy changes and introduced a special financing scheme for its 1Malaysia People’s Housing (PR1MA) programme in order to “enable more people to own a house under the programme,” it had said.
Cloudy outlook for malls
PETALING JAYA (Feb 17): The outlook for the retail sector is expected to remain flattish this year due to multiple negative factors, said Savills (M) Sdn Bhd managing director Allan Soo.
Malaysia, Singapore award high-speed rail joint development partner contract
KUALA LUMPUR (Feb 16): The Malaysian and Singapore governments have awarded the joint development partner (JDP) contract for the planned Kuala Lumpur-Singapore High Speed Rail (HSR) project to a consortium comprising WSP Engineering Malaysia Sdn Bhd, Mott MacDonald Malaysia Sdn Bhd, and Ernst & Young Advisory Services Sdn Bhd.
Rahim & Co: Property market expected to improve in 12 to 18 months
KUALA LUMPUR (Feb 16): Property consultancy firm Rahim & Co said it expects the Malaysian property market to recover within the next year or so, as the decline in property transactions is seen to be slowing down.
Wong Engineering to diversify into construction, property development
KUALA LUMPUR (Feb 16): Wong Engineering Corp Bhd, a manufacturer of high precision metal parts, plans to develop new sources of revenue by diversifying into the construction, property development and trading of construction materials.
‘PR1MA scheme has minimal impact on banks’
Banking sector Maintain neutral: On Tuesday, Perumahan Rakyat 1Malaysia (PR1MA) announced that the Special PR1MA End-Financing Scheme for first-time house buyers announced in Budget 2017 will benefit at least 15,000 buyers.
Soft market, new opportunities
While there was a sharp drop in the volume of transactions across all subsectors in the property market last year, average prices per unit are still increasing 5%, says CBRE | WTW managing director Foo Gee Jen in presenting the Malaysia series of the property consultancy firm’s Asia-Pacific Real Estate Market Outlook for 2017.
