The neighbourhood developed by Seri Pajam boasts five-bedroom homes with practical layouts for spaciousness and comfort. The super link homes come with a sliding door that opens onto a private garden. (Seri Pajam Development pic) In recent years, Malaysians have been gravitating towards properties that offer a sense of luxurious living. Instead of homes that…
Read MoreNumerous developers have embraced the sustainability agenda by integrating environmental design principles into their projects by NURUL SUHAIDI / pic MUHD AMIN NAHARUL GREEN buildings are designed with the environment in mind, aiming to preserve natural resources while enhancing the quality of human living. In Malaysia, “green buildings” are primarily recognised under the Green Building…
Read MoreBank Negara Malaysia kept the overnight policy rate (OPR) pat at its historic low of 1.75% after its Monetary Policy Committee meeting yesterday (Thursday, May 6), and economists are expecting this rate to be kept steady throughout 2021, despite the reintroduction of the movement control order or MCO 3.0 in targeted areas, which is seen…
Read MoreThe country’s real estate sector recorded 295,968 transactions worth RM119.08 billion in 2020, a contraction of 9.9% in number and 15.8% in value compared with 2019. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the significant decline in performance was a result of the effects of the Covid-19 pandemic. “The decline was attributed to…
Read MoreKuala 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…
Read MoreTransactions 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…
Read MoreThe 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…
Read MorePR1MA Malaysia Corporation (PR1MA) will review the potential of about 20 projects under it that have been or will be terminated so that these can be developed based on concepts that suit current needs. Its chairman Datuk Seri Dr Shahidan Kassim said the initiative was planned to boost the construction sector and the housing market….
Read MoreBank Negara Malaysia (BNM) said today Malaysia’s household debt-to-gross domestic product (GDP) ratio had risen to a new peak of 93.3% as at December 2020, from the previous record high of 87.5% in June 2020, mainly due to the country’s GDP remaining below pre-Covid-19 crisis levels and as growth in the nation’s household debt normalised…
Read MoreThe 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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