Property News Archives

Property News

Knight Frank: Recent spike in Covid-19 cases may derail the property market in the short term

Jan 18, 2021

Although the residential market showed a slight recovery post-Movement Control Order (MCO) 1.0, with selected developers reporting improved bookings, supported by the low-interest-rate environment and pent-up demand and reintroduction of the Home Ownership Campaign, the recent spike of Covid-19 cases, leading to the reimplementation of MCO till Jan 26, 2021, will likely derail market recovery…
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Property News

Making auction viable option to sell foreclosed properties during Covid-19 pandemic

Jan 16, 2021

As more foreclosed properties enter the market due to the economic fallout from the COVID-19 pandemic, there is a dire need to make auction a viable option in selling foreclosed properties. Two academicians – Associate Professor Dr Wong Woei Chyuan of the School of Economics, Finance & Banking, Universiti Utara Malaysia and Associate Professor Dr Janice Lee Yim Mei of Henley Business…
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Property News

Analysts neutral on the cessation of EcoWorld and UEM Sunrise merger deal

Jan 15, 2021

The most anticipated merger deal between Eco World Development Group Bhd (EcoWorld) and UEM Sunrise Bhd has been called off after three months of discussions. Both companies have issued press statements on Jan 13 to announce their decisions to cease merger talks. The talks, which started in October last year, had captured the industry’s attention,…
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Property News

UEM Sunrise terminates all merger discussions with EcoWorld

Jan 14, 2021

UEM Sunrise Bhd has ended all discussions on the proposed merger with Eco World Development Group, following EcoWorld’s earlier announcement on calling off the proposed merger deal. In a media statement on the night of Jan 13, UEM Sunrise said it will continue to focus on the implementation of its growth strategies to maintain its…
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Property News

Chin Hin buys KL land for RM21m to develop office lots

Jan 13, 2021

Chin Hin Group Property Bhd has proposed to acquire a 1,943 sq metre vacant land in Kuala Lumpur for RM20.91 million to develop office lots. The group said BK Alliance Sdn Bhd, its indirect 51%-owned unit, is buying the land from Suez Domain Sdn Bhd. The 94-year lease on the land expires in 2112, it…
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Property News

How will termination of HSR impact developments along the line?

Jan 9, 2021

It has been officially announced that the Kuala Lumpur-Singapore high-speed rail (HSR) is terminated. As a result, it seems to be bad news for property developments that hoped to ride on the “potential” of the mega project. There is of course still hope of a Malaysian effort only HSR from KL to Johor Bahru but…
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Property News

JLL: The beginning of a new PROPERTY cycle

Jan 8, 2021

It is no secret that the real estate market has been deeply affected due to the Covid-19 pandemic. In Asia Pacific, JLL foresees a new cycle appearing as a result of the hampering from the Covid-19 pandemic. With optimistic news on the distribution of the Covid-19 vaccine, the real estate market is expected to rebound…
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Property News

Mah Sing’s mid- to long-term outlook to remain positive for FY21

Jan 8, 2021

Mah Sing Group’s mid-to-long-term outlook remains positive for financial year 2021 (FY21), on the back of strong sales achieved in the last few quarters and the upcoming glove production business’ positive contribution to its FY21’s earnings and beyond. In a research note today, AmInvestment Bank lauded the group’s quick turnaround business model that launches new…
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Property News

Industrial and logistic sectors to be top performers in 2021 — Savills Malaysia

Jan 6, 2021

The industrial and logistics sectors will continue to be the top performing sector for 2021, predicts Savills Malaysia. It notes that Covid-19 has accelerated the growth in e-retailing businesses in both the warehousing and logistics sectors, and investors are actively looking at this strong asset class as an all-time favourite investment. “Warehousing continues to be…
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Property News

MCT Bhd set to launch Aetas Damansara this month

Jan 5, 2021

MCT Berhad (MCT) is looking to officially unveil its Aetas Damansara development in this month, after the project was previewed and garnered a healthy take-up rate in November 2020. In a media statement today, the company said Aetas Damansara, a residential development which jointly developed by MCT and Ayala Land, Inc, has a gross development…
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