Property News

News Credit To The Star PETALING JAYA: The property market in Iskandar Malaysia, Johor, shows promise underpinned by projects close to the Rapid Transit System (RTS), higher spending power by visitors from Singapore and strong interest from multinational corporations (MNCs). RHB Research noted the retail, hospitality and real estate players around the city centre are benefiting from the higher ...

News Credit To The Malaysian Reserve THE property sector has retained its ‘neutral’ call at a local research house due to the persistent oversupply and home ownership now being even more out of reach given the elevated interest rates, sustained high inflation and the introduction of targeted fuel subsidies that may erode spending power of certain consumer groups. “While ...

News Credit To The Edge KAJANG (Sept 14): Malaysia’s total property transaction value hit RM85.37 billion — up 1.1% year-on-year — with more than 184,000 transactions recorded, in the first half of 2023 (1H2023), according to a report from the National Property Information Centre (Napic). During the launch of the report, Deputy Finance Minister I Datuk Seri Ahmad Maslan said ...

News Credit To The Edge A survey of 188 property developers in Peninsular Malaysia by the Real Estate and Housing Developers’ Association (Rehda) Malaysia shows that about 53% of them plan to launch their projects in 2H2023, with three-quarters expecting to achieve sales of 50% or less after six months. In a media briefing on the Rehda Property Industry Survey for 1H2023 and Market ...

News Credit To The Sun PETALING JAYA: Potential homebuyers continue to resist higher asking prices amid a challenging economic landscape, according to PropertyGuru Malaysia. In its Property Market Report Q3 2023, it found that there is a steep downward trend for property enquiries on its website, with the sale demand index declining by 10.2% quarter-on-quarter (q-o-q), which it opined is ...

News Credit To The Star PETALING JAYA: The good old days of the property market, when banks were eager to lend and buyers snapped up properties within minutes after launch, are unlikely to return – especially not in the next few years. “The euphoria of the 2011 market upcycle is long gone. Yes, the sentiment has improved in recent times, but we have to settle for modest growth in ...

News Credit To The Star KUALA LUMPUR: The property market at Iskandar Malaysia could get a lift from ongoing initiatives as well as from a new development proposed at the Johor Bahru – Singapore Rapid Transit System (JB-SG RTS) link. The project may well set a new pricing benchmark in the city centre given its location. According to RHB Research, this proposed development could ...

News Credit To New Straight Times KUALA LUMPUR: Rising construction costs in the real estate and construction sectors will affect new developments and cause a cascade of events, according to industry players. New home prices particularly will be affected if the prices of land, building materials and wages all rise, they said. Rehda Malaysia president Datuk NK Tong said the rising costs ...

News Credit To New Straits Time KUALA LUMPUR: MCT Bhd, which has been rebranded as Avaland Bhd, turned around its financial performance and returned to profitability in 2022 thanks to its transformation effort, which started four years earlier. Chairman Tan Sri Abi Musa Asa'ari Mohamed Nor said at the rebranding event on Friday, that this accomplishment, together with the continued ...

JOHOR BAHRU, Malaysia, July 5, 2023 /PRNewswire/ -- Forest City, a real estate development of Country Garden Group, is celebrating its seventh anniversary as a thriving urban project. Situated in Johor Bahru, Malaysia, known for its livability, the development has grown significantly since its inception in 2016. With the completion of various residential and tourism ...

Colours have the power to stir up emotions and affect psychological wellbeing, which is why they play a vital role in the overall look and feel of a space. Beyond making it look pretty, using the right colour scheme can completely change the mood and atmosphere of a room. This is why mental health experts advocate incorporating colour psychology into the spaces you frequently ...

PETALING JAYA: A think tank says Putrajaya should not be measuring affordable housing based on price alone, describing the Price Income Ratio (PIR) method as a limited analytical tool. The Center for Market Education (CME) said that currently, the PIR is being calculated for new housing development launches instead of looking at the secondary market, where 80% of transactions happen. “In ...

GEORGE TOWN: There will be no ban on short-term rental accommodation (STR), such as those provided via Airbnb, on mainland Penang. This is despite such a ban having been imposed on the island. However, operators of existing STRs in apartments or condominiums on the mainland must now register with the Seberang Perai City Council (MBSP) and comply with regulations similar to those governing ...

Real estate has been a prominent addition to portfolios for a while now, with various property-related financial products and solutions to choose from. REITs, or real estate investment trusts, are one such popular option. A REIT owns and oversees commercial real estate that generates revenue, such as shopping complexes, hospitals, plantations, industrial properties, hotels, and office blocks. A ...

PETALING JAYA: There are 27,746 houses worth some RM18.45 billion that have been completed but have yet to be sold at the end of the fourth quarter of 2022. Local government development minister Nga Kor Ming said most of these houses, or 9,323 units, were priced between RM500,001 and RM1 million. In a written parliamentary reply, Nga said products supplied to the housing market should match the ...

PETALING JAYA, May 13 — The Malaysian property market remained robust despite the rise in the overnight policy rate (OPR) by 25 basis points to 3.0 per cent, said the Real Estate and Housing Developers’ Association (Rehda) Malaysia. Its president Datuk NK Tong noted that there will be a tailwind amidst the inflationary environment particularly after the property sector is opening up ...

Singapore raised taxes on private property purchases in a surprise move late on Wednesday night that includes a doubling of stamp duties for foreigners to an eye-watering 60%. Authorities in Singapore, where real estate is a safe haven investment for wealthy foreigners, keep close tabs on property prices to ensure housing remains affordable for locals and stays in step with economic ...

KUALA LUMPUR, April 8 — The Malaysian Real Estate Association (Pertama) has reportedly said that property prices are expected to increase by 25 per cent — especially for homes valued RM500,000 and above — as the economy continues its recovery. Its president, Ismail Omar, told Utusan Malaysia that developers and owners are still forced to sell at a lower price now, and ...

BEIJING, March 5 (Reuters) - Warning that risks remain in the property market, China's government said in a report released at parliament's annual opening on Sunday that it would promote the sector's stable development and prevent disorderly expansion by developers. Premier Li Keqiang made guarding against risks to top property developers one of the government's priorities this ...

THE latest reports from real estate experts show that the market is set to experience a surge in prices this year due to the continued increase in the cost of construction materials.  The trend is expected to persist for the next 12 months, which will have a significant impact on the housing market. The Real Estate and Housing Developers’ Association Malaysia (Rehda) said today ...