Property booking fees have actually been illegal since the 1980s and developers are not allowed to collect any fees to secure a buyer a unit. When it comes to property transactions between buyers and developers, there exists what experts call an imbalance of power. The weaker party is often the buyer, chained down by stack…
Read MoreBy Joseph Wong In Malaysia’s vibrant and often high-priced property market, a real estate listing below RM100,000 is a rare sight, akin to finding a four-leaf clover. When they do appear, usually as sub-sale properties, they are typically older, low-cost apartments that have long passed their moratorium period of 10 or more years. These are…
Read MoreAn aerial view of MBPJ Stadium and other sports facilities which will be integrated in Kelana Jaya. — IZZRAFIQ ALIAS/The Star Can Kelana Jaya still be considered the stepchild of PJ’s property market? By Faizul Ridzuan Kelana Jaya is emerging from the shadows of its more celebrated neighbours like SS2, Damansara Jaya and Ara Damansara….
Read MoreKuala Lumpur has come a long way since the nation’s independence. Some of the world’s tallest skyscrapers now dot the capital. The evolution of Malaysia’s property sector beyond Merdeka By Joseph Wong As Malaysia approaches its 68th anniversary of independence on Aug 31 and 63rd anniversary of the formation of Malaysia on Sept 16, it…
Read MoreStriking the right balance to make housing affordable amid rising costs By Sulaiman Saheh The ) has recently unveiled a proposal to introduce a pay-per-use model for maintenance fees in future affordable housing developments. Spearheaded by Minister Nga Kor Ming, the initiative aims to reduce the financial burden on residents by shifting from fixed monthly…
Read MoreDeveloped by Distinctive World Sdn Bhd, Tuju Residences is a freehold serviced apartment strategically located along Jalan Kuching, Kuala Lumpur. Rising 41 storeys high, the development comprises 466 residential units with a mix of 1- to 4-bedroom configurations, including dual-key and interconnected units designed for multi-generational living. It is expected to be completed by September…
Read MoreMah Sing’s RM260m Corus Hotel land deal pricey but reasonable at RM4,019 psf—analysts Mah Sing plans to redevelop the land into high-end serviced apartments with an estimated gross development value (GDV) of RM1.28 billion. KUALA LUMPUR (Aug 8): Mah Sing Group Bhd’s (KL:MAHSING) RM260 million acquisition of the Corus KLCC Hotel land in Kuala Lumpur…
Read MoreKUALA LUMPUR (Aug 8): LBS Bina Group Bhd (KL:LBS) has launched a satellite sales gallery in Petaling Jaya to offer Klang Valley homebuyers easier access to its Centrum Iris (pictured) development in Cameron Highlands. According to a press statement on Friday, the gallery showcases scale models, layout previews, and offers personalised consultations with LBS sales…
Read MoreMah Sing acquires Corus Hotel site for RM260m, plans KLCC serviced apartments with RM1.28b GDV Mah Sing said the 1.485-acre freehold parcel offers “unmatched accessibility and connectivity” and “within walking distance to landmarks such as Petronas Twin Towers, KLCC Park, Intermark Mall, The Linc KL, and Pavilion Kuala Lumpur and directly linked to major public…
Read MoreKUALA LUMPUR (Aug 6): S P Setia Bhd has launched of the Setia AI & Proptech Innovation Challenge, an initiative under the Bengkel Inovasi GLC (BIG) Programme aimed at addressing inclusive homeownership and improved construction quality. By leveraging AI, S P Setia aims to streamline the homebuying process, making it more accessible and efficient for…
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