KUALA LUMPUR (July 18): MIDF Research remained neutral on the property sector, albeit with a positive bias, following the rebound in the number of loans applied for and approved in May, coupled with the unchanged overnight policy rate (OPR) of 3%. Loan applications for property purchases rose by 23% month-on-month (m-o-m) in May after a…
Read MoreKUALA LUMPUR (July 18): Prime Minister Datuk Seri Anwar Ibrahim has called on the Kuala Lumpur City Hall (DBKL) to immediately implement improvements to the Draft Kuala Lumpur Structure Plan 2040 (KLSP 2040) and gazette the document before the end of this year. Anwar, who chaired a briefing to hear and examine the report of…
Read MoreMyCC chairman Hishamudin Yunus said talks with the Bar Council to dismantle the fixed conveyancing prices since 2015 had failed. PETALING JAYA: The Malaysia Competition Commission (MyCC) has expressed concern over the increase in conveyancing fees by the Solicitors’ Costs Committee under the newly enacted Solicitors’ Remuneration Order (SRO) 2023. MyCC chairman Hishamudin Yunus said…
Read MoreAnalysts are optimistic, expecting a positive outcome with increased buying activities, while staying cautious on a possible OPR hike before year-end by AUFA MARDHIAH THE first half of 2023 (1H23) witnessed the property market in a tight spot between buyers’ resistance towards higher prices and sellers’ struggle to sell in light of the poor economic…
Read MoreKUALA LUMPUR (July 13): Solarvest Holdings Bhd’s unit has signed an agreement to collaborate with Perbadanan Kemajuan Negeri Selangor to install residential solar solutions in the homes of the state development arm’s employees. In a statement on Thursday (July 13), the clean energy provider said its residential solar arm, Vestech Energy Sdn Bhd entered into…
Read MoreKUALA LUMPUR (July 14): Kerjaya Prospek Property Bhd has appointed Joanne Lee (pictured) as its new chief executive officer, effective Thursday (July 13). The 53-year-old Lee has over three decades of professional experience across several industries, namely property development, construction, manufacturing, food and beverage, hospitality, retail, gaming and leisure, and healthcare and agriculture. “Together with…
Read MoreKUALA LUMPUR (July 14): PR1MA Corporation Malaysia, MBSB Bank Bhd and Syarikat Jaminan Kredit Perumahan Bhd (SJKP) have agreed to explore ways to further promote home ownership among Malaysians. In a joint statement on Friday, the parties said a Memorandum of Understanding (MOU) inked between PR1MA and MBSB Bank will see the housing agency receiving…
Read MoreJOHOR BAHRU: There is a need for the state government and building owners to find a win-win solution to tackle the issue of old and abandoned buildings, which has marred the scenery in the city. State Housing and Local Government Committee chairman Datuk Mohd Jafni Md Shukor (pix) said this was because each of the…
Read MoreKUALA LUMPUR (July 13): Property legal fees will rise from July 15 onwards with the gazetting of Solicitors’ Remuneration Order 2023 (SRO 2023) which will come into operations on the same day. According to the SRO 2023, the changes will “affect transactions involving non-contentious matters such as the sale and purchase of movable and immovable…
Read MoreKUALA LUMPUR (July 13): Whenever she is in the city Fadilah Ahmad, like many other Malaysians, only uses a public toilet if she really has to. Who would want to step into a stinky lavatory with its floor wet and strewn with tissue paper, all kinds of trash and even used sanitary napkins? “Nothing has…
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