The Ministry of Tourism, Arts and Culture (MOTAC) should consider reopening the Malaysia My Second Home (MM2H) program for economic gain, urged Bukit Gasing assemblyman Rajiv Rishyakaran.“Freezing the program is almost like killing the goose that lays the golden eggs,” Rishayakaran said as he believed that unfreezing the program will not only help boost rental…
Read MoreThe Selangor State Development Corporation (PKNS) is optimistic of remaining competitive in the property sector amid the COVID-19 pandemic through the implementation of the Strategic Recovery Plan launched earlier this year. Chief Executive Officer Siti Zubaidah Abd Jabar said following the depressed property sector over the last three years coupled with the impact of COVID-19 pandemic,…
Read MoreSale and equity gains of commercial real estate can be much greater. (Pixabay pic) Malaysians generally restrict themselves to residential properties when investing in real estate. But commercial properties are worth exploring too because their sale and equity gains are much greater, although the risks may be higher. Because of this, commercial property may have…
Read MoreThe government is going all out to increase homeownership with various schemes and benefits under Budget 2021 targeted to first home buyers. (Rawpixel pic) With the government’s various incentives to increase homeownership under Budget 2021, there’s no better time than now to purchase a home, especially if you’re a first-time home buyer. Whether it’s full…
Read MoreAmInvestment Bank Research has maintained its “neutral” rating of the property sector, saying the circumstances would remain challenging in the next 12 months. In a sector report today, AmInvestment analyst Thong Pak Leng said even with most developers having achieved new sales targets, sales were down about 22% in the cumulative first nine months of…
Read MoreThe Rent-to-Own is scheme is targeted at the B40 and M40 groups. (Rawpixel pic) Under Budget 2021, it was announced that the government would work with selected financial institutions to provide a Rent-to-Own (RTO) scheme for 5,000 PR1MA homes at a total value of RM1 billion, especially for first-time homebuyers. The proposed scheme has exempted…
Read MoreIt has been a tough year for most sectors and it was no different for the property market. With 2021 dawning, many are hoping for better time ahead but property experts “remain uncertain when it will happen”, wrote The Edge Malaysia. “Market conditions were, and still are, uncertain. Buyers and sellers know that sentiment is…
Read MoreAmInvestment Bank Bhd said today it has upgraded the Malaysia real estate investment trust (REIT) sector to “overweight” from “neutral” as the research firm believes the worst is over for the industry, which has contended with the impact of Covid-19-driven restricted movement policies. In a note today, AmInvestment analysts wrote that for the next 12…
Read MoreMalaysia’s economy is expected to continue its journey towards recovery in the early months of 2021, according to the Department of Statistics Malaysia (DoSM). Citing the recent the Asian Development Bank (ADB) economic report, chief statistician Datuk Seri Dr. Mohd Uzir Mahidin said Malaysia’s gross domestic product (GDP) is projected to fall by 6% this year before bouncing back to 7% in…
Read MoreThe Valley @ SkySierra, Setiawangsa is a new offering by SkyWorld Development Sdn Bhd (SkyWorld) targeted to those looking for an affordable property option, located a stone’s throw away from Kuala Lumpur City Centre (KLCC). The Valleys will occupy a 4.66-acre plot of leasehold land presented across three different towers of varying heights, with the…
Read More
