The Malaysian economy is projected to expand between 6.0 per cent and 7.5 per cent in 2021 compared with a contraction of 5.6 per cent in 2020, supported by domestic factors such as consumption and a brighter external environment fuelled by vaccine rollout. Besides inoculation, less stringent containment measures and COVID-19, gradual improvement in labour…
Read MoreUnsold properties continue to remain at an elevated level, driven by serviced apartments, small office home office (SOHO) units, and houses priced above RM500,000 in less popular locations, said Bank Negara Malaysia (BNM). The housing market had hit a historical low in terms of activity in the second quarter of 2020 (2Q20), according to BNM’s…
Read MoreAlthough many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers’ Association (Rehda) Malaysia. The somewhat renewed interest in the property industry stems predominantly from the declining daily Covid-19 numbers and the rollout of Covid-19…
Read MoreHome Ownership Campaign 2020/2021 has seen 34,354 properties worth RM25.65 billion sold as of Feb 28, 2021, said Real Estate and Housing Developers Association Malaysia (Rehda) Malaysia president Datuk Soam Heng Choon (pictured). Out of these properties, a majority of 28,045 units (82%) are properties under construction while 18% or 6,039 units are completed units….
Read MoreThe Kuala Lumpur City Hall (DBKL), together with developer Memang Perkasa Sdn Bhd (a subsidiary of Malton Bhd) and two others, has posed close to 30 questions of law in their appeal over the Taman Rimba Kiara (pictured) development, for which the Federal Court has fixed hearing on June 14. This follows the Court of…
Read MoreKerjaya Prospek Group Bhd’s Tee brothers’ proposed takeover of Eastern & Oriental Bhd (E&O) is unattractive but fair, and hence shareholders should accept the offer, said analysts. Affin Hwang Capital’s analyst Loong Chee Wei in a note today said, he believed the takeover price of 60 sen is reasonable given the high implied FY22 price…
Read MoreThese are some of the most popular locations to settle down in Selangor. Selangor is a huge state with a growing population and great infrastructure, making it highly sought after by Malaysians looking for a home to stay. But with so many areas to choose from, how does one decide on the best? To aid…
Read MoreTropicana Corp Bhd’s net profit surged 231.43% to RM48.08 million for the fourth quarter ended Dec 31, 2020 (4QFY20) from RM14.51 million in the preceding quarter. The group attributed this to the sale of two parcels of freehold development land for RM98.1 million. On top of that, Tropicana saw higher sales and progress billings across…
Read MoreScientex Bhd’s property division has targeted to deliver 50,000 units of affordable homes by 2028 to benefit more than 300,000 Malaysians. Its property division chief operating officer Datuk Alex Khaw Giet Thye yesterday said Scientex had already delivered more than 22,000 affordable homes priced below RM500,000 nationwide. He also said the company had acquired total land bank…
Read MoreGlomac Bhd will be unveiling the first phase of Primrose project in its Saujana KLIA township, Sepang which has a gross development value (GDV) of RM72 million tomorrow (March 19). With an estimated gross development value (GDV) of RM72 million, the first phase of Primrose comprises 123 double-storey terraced houses with land area measuring 20ft…
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