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Property News

  • Property News

    KL’s most popular areas for properties in 2020

    Kuala Lumpur is a popular spot for both home buyers and investors as it is an inspiring place to work, live and play. The property industry is showing signs of movement in 2021 as the Malaysian economy is trying to stir up activity amid all the lockdowns. Here, we list down five of Kuala Lumpur’s…

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  • Property News

    Property market performance down 9.9% in 2020

    Transactions in the residential property market decreased by 8.6% in volume and 9% in value partly due to fewer new launches compared with 2019. KAJANG: Malaysia’s property market performance significantly declined in 2020, declining by 9.9% in volume and 15.8% in value, the Valuation and Property Services Department said today. Its 2020 annual report stated…

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  • Property News

    DBKL receives over 38,000 applications for PA, PPR houses

    The Kuala Lumpur City Hall (DBKL) has received 38,145 applications for the People’s Housing Projects (PPR) and Public Housing (PA) up until last January. Kuala Lumpur Mayor Datuk Seri Mahadi Che Ngah (pictured) said applications involving the urban poor had been received since 2009. “Of the total, 14,412 applications have been offered for the housing…

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  • Property News

    Unsold commercial properties worrisome – BNM

    The number of unsold properties has seen a respite amid the government’s Home Ownership Campaign (HOC) except for the commercial market, as it remains worrisome amid the new norms, Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said. “The amount of unsold properties is still very high. It is about 170,000 units but…

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  • Property News

    Developers are toning down their pessimism for 2H2021, says Rehda

    Although many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers’ Association (Rehda) Malaysia. The somewhat renewed interest in the property industry stems predominantly from the declining daily Covid-19 numbers and the rollout of Covid-19…

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